Is Adani Group abandoning ambitious growth projects? This report claims so

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Private Equity: Invesco

Is Adani Group abandoning ambitious growth projects? This report claims so

Still reeling from the impact of Hinderburg's report and its allegations of corporate fraud, the Adani Group is reportedly stepping away from petrochemicals and is unlikely to proceed with the $4 billion greenfield project in Mundra, said a Bloomberg report. The coal-to-polyvinyl chloride project was to have a production capacity of 2,000 KTPA (kilo tonne per annum) once completed. However, the report appears to have thrown a spanner into the wo