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Adani enters the petrochemical business

 Last Update: 2021-08-14
 Source: Internet
 Author: User

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Recently, Adani Enterprise Co.
, Ltd.
of India announced the establishment of a wholly-owned petrochemical subsidiary, marking the company's entry into the petrochemical business
.

Adani’s recent regulatory documents submitted to the Bombay Stock Exchange (BSE) show that the subsidiary named Adani Petrochemical Co.

It is reported that in January 2019, Adani and BASF signed an agreement to build a chemical plant in Mundra, western Gujarat
.

In October 2019, the company also cooperated with Abu Dhabi National Petroleum Corporation of the United Arab Emirates and Austrian Borealis, planning to build a chemical complex with a total investment of 4 billion U.

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