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Hindenburg fallout: Adani Group suspends work on Rs 34,900 crore petchem project orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
The group s flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat. ....
The shares of Adani Group listed companies fell on Monday with Adani Enterprises dipping 5.28 per cent to Rs 1777.40 after reports came out suggesting that the conglomerate has suspended a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations and address investor concerns following a damning report by Hindenburg Research. aaa ....
The comeback strategy is based on addressing investor concerns around debt by repaying some loans, consolidating operations, and fighting off allegations ....
Adani Group has suspended work on a Rs349 billion ($4.2 billion) petrochemical project at Mundra in India’s western Gujarat state as it focuses on consolid.. ....