{"id":563704,"date":"2023-03-20T11:01:30","date_gmt":"2023-03-20T05:31:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=563704"},"modified":"2023-03-20T11:01:30","modified_gmt":"2023-03-20T05:31:30","slug":"hindenburg-fallout-adani-group-suspends-work-on-rs-34900-crore-petrochemical-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindenburg-fallout-adani-group-suspends-work-on-rs-34900-crore-petrochemical-project\/","title":{"rendered":"Hindenburg fallout: Adani Group suspends work on Rs 34,900 crore petrochemical project"},"content":{"rendered":"<p>NEW DELHI: Gautam Adani is suspending activities at the Rs 34,900-crore petrochemicals project in Mundra, Gujarat, as the billionaire\u2019s business empire slows down spending following a shortseller attack, news agency PTI reported on Sunday.<\/p>\n<p>In 2019, Adani had announced plans to foray into India\u2019s petrochemicals sector with a factory in his home state of Gujarat. Two years later, he incorporated Mundra Petrochem and Adani Petrochemicals to set up feedstock (coal, petcoke, limestone, LPG, LNG, LPG, green fuels, etc) -based refineries and petrochemicals complexes. Both Mundra Petrochem and Adani Petrochemicals are 100% subsidiaries of his empire\u2019s flagship Adani Enterprises.<\/p>\n<p>PTI reported that the business tycoon has decided to freeze the proposed one-million-tonne green PVC project due to unforeseen circumstances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Gautam Adani is suspending activities at the Rs 34,900-crore petrochemicals project in Mundra, Gujarat, as the billionaire\u2019s business empire slows down spending following a shortseller attack, news agency PTI reported on Sunday. In 2019, Adani had announced plans to foray into India\u2019s petrochemicals sector with a factory in his home state of Gujarat. Two years later, he incorporated Mundra Petrochem and Adani Petrochemicals to set up feedstock (coal, petcoke, limestone, LPG, LNG, LPG, green fuels, etc) -based refineries and petrochemicals complexes. Both Mundra Petrochem and Adani Petrochemicals are 100% subsidiaries of his empire\u2019s flagship Adani Enterprises. PTI reported [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-563704","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/563704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=563704"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/563704\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=563704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=563704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=563704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}