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Adani to review investment plans for Mundra PVC plant

Wednesday, 22 Feb 2023
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Adani Enterprises (AEL) will review its plans to build a two-mln tonne coal-to-polyvinyl chloride (PVC) plant at Mundra in Gujarat. The project entails an investment of four billion USD.

The plant was expected to produce PVC grades such as suspension PVC (resin), chlorinated PVC (C-PVC) and emulsion PVC (paste).

However, the company is firm on moving ahead with committed investments in the core infrastructure businesses such as green hydrogen and copper plants, transport and logistics, as well as data centres. The work on these projects is also moving as per schedule.

While AEL will refrain from making any commitments to new projects including road projects announced in the fourth quarter, it plans to moderate certain accelerations budgeted in its earlier capital expenditure plans.

 
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