Adani group says Rs 34,900 cr petrochem project to start after securing financial closure

Adani Group said it is trying to secure financial closure for its Rs 34,000 crore Mundra Petrochemicals project and the operations at the site will start after the closure.

The conglomerate, hit by allegations around corporate misgovernance, said it has decided to put on hold the major equipment procurement and site construction activities for the project as the financial closure is pending with various institutions.