Adani Group Ventures into Petrochemicals with Major PVC Project

The Adani Group plans to commission the first phase of a USD 4 billion PVC project by December 2026, marking its entry into the petrochemicals sector. The PVC plant in Mundra, Gujarat, will help address the supply-demand imbalance in India. A State Bank of India-led consortium will finance the project.

The Adani Group is set to commission the first phase of a USD 4 billion PVC project by December 2026, marking its debut in the petrochemicals sector, sources report.

Currently, India's annual PVC demand stands at approximately 4 million tonnes, while domestic production capacity is only about 1.5 million tonnes, leading to a significant supply-demand mismatch. The group's PVC plant in Mundra, Gujarat, aims to address this gap.

Financed by a State Bank of India-led consortium, the initial phase, with a capacity of 1 million tonnes per annum, is scheduled for completion by December 2026. The environment clearance for the project has already been obtained.

(With inputs from agencies.)