<p>New Delhi: Billionaire Gautam Adani's conglomerate will build a 1 million tonne a year PVC plant at Mundra in Gujarat, marking its foray into the petrochemicals sector where <a href="https://www.deccanherald.com/tags/reliance">Reliance</a> Industries Ltd is the main player, sources said.</p><p>PVC, or Polyvinyl Chloride, is a synthetic plastic polymer that is widely used to make an array of products - from pipes and fittings to window and door frames, cable insulation, vinyl flooring and wall coverings, credit cards and toys.</p><p>India's annual PVC demand is about 4 million tonnes, while domestic production capacity stands around 1.59 million tonnes, half of which is with Reliance. PVC demand is projected to grow at a CAGR of 8-10 per cent, driven by sectors such as agriculture as land under irrigation increases, infrastructure aided by water supply and sanitation, housing and pharmaceutical and packaging segments.</p>.Aakash accuses EY of professional misconduct, advising rivals in conflict of interest.<p>Adani Group's flagship <a href="https://www.deccanherald.com/tags/adani-enterprises">Adani Enterprises</a> Ltd is setting up a petrochemical cluster in Mundra. Within this cluster, it is constructing a PVC manufacturing plant with a capacity of 1 million tonnes per annum, two sources aware of the matter said. The facility is slated for commissioning by fiscal 2028 (April 2027 to March 2028 financial year).</p><p>The PVC Project is expected to include capabilities for manufacturing PVC, chlor-alkali, calcium carbide and acetylene units.</p><p>Adani group is looking to implement the Acetylene and Carbide-based PVC production process, with environment clearance and consent to establish the project, having already been received, sources said.</p><p>Given the current higher demand and lower supply of PVC in India, the Adani project will help reduce the supply gap and import dependency.</p><p>The project will pit the group against Reliance, which is currently India's largest PVC producer, with an estimated capacity of around 7,50,000 tonnes per annum.</p>.New energy, AI infra to drive USD 50 bn market value rise for Reliance.<p>Reliance has PVC plants at Hazira, Dahej and Vadodara in <a href="https://www.deccanherald.com/tags/gujarat">Gujarat</a>. It is looking to double its capacity by 2027.</p><p>Adani's group and Mukesh Ambani's Reliance had for long moved in non-overlapping orbits, but first clean energy and now petrochemicals would be sectors where they could be competing against each other.</p><p>Sources said Adani's Mundra plant could in the future be expanded to 2 million tonnes per annum capacity on demand growth.</p><p>Initially halted in March 2023 due to financial uncertainties and allegations from US short-seller Hindenburg Research, work on the project was resumed last year. The Adani Group has since refocused its resources, raising over Rs 42,734 crore<strong> </strong>($5 billion) in equity and additional debt, and fully repaid share-backed financing.</p>.Agri deadlock: Red lines in the India-US trade talks.<p>Financed by an SBI-led consortium, the project will utilise acetylene and carbide-based PVC production processes.</p><p>Sources said the Adani group is confident of sourcing feedstock given that its portfolio companies have expertise in trading in domestic and international markets.</p><p>Also, the group's synergy benefits and availability of large land parcels in Mundra, together with access to port facilities will optimise the logistics cost for sourcing of raw material/inventory handling cost as well as for transportation of the final products to the prospective domestic and overseas markets and ensure smooth implementation of the project.</p><p>They said the Adani portfolio has a proven track record in successfully commissioning and managing large-scale infrastructure and industrial projects, encompassing areas like ports, power, and logistics. It has an abundance of science and engineering graduates, along with a well-trained workforce proficient in various skills.</p>
<p>New Delhi: Billionaire Gautam Adani's conglomerate will build a 1 million tonne a year PVC plant at Mundra in Gujarat, marking its foray into the petrochemicals sector where <a href="https://www.deccanherald.com/tags/reliance">Reliance</a> Industries Ltd is the main player, sources said.</p><p>PVC, or Polyvinyl Chloride, is a synthetic plastic polymer that is widely used to make an array of products - from pipes and fittings to window and door frames, cable insulation, vinyl flooring and wall coverings, credit cards and toys.</p><p>India's annual PVC demand is about 4 million tonnes, while domestic production capacity stands around 1.59 million tonnes, half of which is with Reliance. PVC demand is projected to grow at a CAGR of 8-10 per cent, driven by sectors such as agriculture as land under irrigation increases, infrastructure aided by water supply and sanitation, housing and pharmaceutical and packaging segments.</p>.Aakash accuses EY of professional misconduct, advising rivals in conflict of interest.<p>Adani Group's flagship <a href="https://www.deccanherald.com/tags/adani-enterprises">Adani Enterprises</a> Ltd is setting up a petrochemical cluster in Mundra. Within this cluster, it is constructing a PVC manufacturing plant with a capacity of 1 million tonnes per annum, two sources aware of the matter said. The facility is slated for commissioning by fiscal 2028 (April 2027 to March 2028 financial year).</p><p>The PVC Project is expected to include capabilities for manufacturing PVC, chlor-alkali, calcium carbide and acetylene units.</p><p>Adani group is looking to implement the Acetylene and Carbide-based PVC production process, with environment clearance and consent to establish the project, having already been received, sources said.</p><p>Given the current higher demand and lower supply of PVC in India, the Adani project will help reduce the supply gap and import dependency.</p><p>The project will pit the group against Reliance, which is currently India's largest PVC producer, with an estimated capacity of around 7,50,000 tonnes per annum.</p>.New energy, AI infra to drive USD 50 bn market value rise for Reliance.<p>Reliance has PVC plants at Hazira, Dahej and Vadodara in <a href="https://www.deccanherald.com/tags/gujarat">Gujarat</a>. It is looking to double its capacity by 2027.</p><p>Adani's group and Mukesh Ambani's Reliance had for long moved in non-overlapping orbits, but first clean energy and now petrochemicals would be sectors where they could be competing against each other.</p><p>Sources said Adani's Mundra plant could in the future be expanded to 2 million tonnes per annum capacity on demand growth.</p><p>Initially halted in March 2023 due to financial uncertainties and allegations from US short-seller Hindenburg Research, work on the project was resumed last year. The Adani Group has since refocused its resources, raising over Rs 42,734 crore<strong> </strong>($5 billion) in equity and additional debt, and fully repaid share-backed financing.</p>.Agri deadlock: Red lines in the India-US trade talks.<p>Financed by an SBI-led consortium, the project will utilise acetylene and carbide-based PVC production processes.</p><p>Sources said the Adani group is confident of sourcing feedstock given that its portfolio companies have expertise in trading in domestic and international markets.</p><p>Also, the group's synergy benefits and availability of large land parcels in Mundra, together with access to port facilities will optimise the logistics cost for sourcing of raw material/inventory handling cost as well as for transportation of the final products to the prospective domestic and overseas markets and ensure smooth implementation of the project.</p><p>They said the Adani portfolio has a proven track record in successfully commissioning and managing large-scale infrastructure and industrial projects, encompassing areas like ports, power, and logistics. It has an abundance of science and engineering graduates, along with a well-trained workforce proficient in various skills.</p>