Gautam Adani-led Adani Group, which recently forayed into petrochemical and airport spaces, is continuing with aggressive expansions, with a focus on new business areas like logistics, mining, energy, construction and agro commodities, in order to diversify its portfolio, which has paid rich dividends to the company in the last few years.
Sources close to the company said it is aggressively bidding for projects in logistics, mining, energy, construction and defence in next few months.
In January this year, Adani Group forayed into the petrochemicals sector, after signing a memorandum of understanding (MoU) with German chemicals major BASF SE, to evaluate a joint investment in the acrylics value chain entailing an investment of two billion euros (about Rs 16,000 crore). The proposed site for the facility is at Mundra port in Gujarat and a feasibility study will be completed by the end of 2019.
