NutCracker
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Not just electricity, but proximity to salt farms is another bonus point. All verticals covered in such proximity, Looks like ideal location.Adani's PVC plant in Mundra Gujarat
Very smart. They are using their large solar capacity to power this energy hungry facility. The project was stalled due to the hinderburg stuff but it has resumed i think
https://www.adani.com/newsroom/media-release/media-clarification-on-adani-group-upcoming-pvc-project
Thirdly, given that the project is an energy-intensive process, the Adani Group’s massive renewable capacity of 24+ GW would enable to make this a low carbon-intensive and of its kind projects in this segment. It is also pertinent to understand that the biggest demand for PVC is in agriculture and infrastructure, water pipes, sprinkler systems, etc. materials critical to India’s urbanization drive needed for the modernization of the economy. Out of country’s 4 million tonne of annual PVC demand, 2.5 million tonne is imported for close to 4 billion USD. India manufactures PVC using largely imported oil and other feedstock.
SBI-led consortium to fund Adani Group’s ₹34,000-crore PVC project in Mundra
A consortium of banks led by the State Bank of India has agreed to finance a significant portion of the Adani Group’s ₹34,000-crore polyvinyl chloride (PVC) project in Mundra. This funding marks a major deal for the group after facing allegations from Hindenburg Research earlier this year. The...www.thehindubusinessline.com
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