MNC giants plug into Adani project
Adani Group on Thursday said it has joined hands with Abu Dhabi National Oil Company (Adnoc), German chemical giant BASF and Austria’s Borealis to study the feasibility of setting up a $4-billion chemical complex at Mundra in Gujarat by 2024.
The quartet have signed a MoU to “engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat”, the group said in a statement.
Products from the proposed unit will largely cater to the Indian market, serving the construction, automotive and coatings industries.
