Adani to rival Reliance with PVC plant at Gujarat's Mundra by 2028

Billionaire Gautam Adani's conglomerate is set to make significant inroads into the petrochemical sector with the announcement of a 1 million tonne per year PVC plant at Mundra in Gujarat. This strategic move marks Adani's entry into the polyvinyl chloride (PVC) industry, a crucial component in the manufacturing of pipes, cables, and other essential products. The venture is poised to challenge industry giant Reliance Industries, which currently dominates the Indian PVC market. The new plant, expected to be operational by 2028, aligns with Adani's broader vision of diversification and expansion across various sectors. Mundra, already a bustling hub for Adani's operations, provides an ideal location due to its strategic connectivity and infrastructure. This development is anticipated to not only boost local employment but also enhance India's self-reliance in PVC production, reducing dependency on imports. As Adani takes on Reliance, the rivalry could spark increased competition and innovation within the industry. Analysts predict that this could lead to more competitive pricing and improved product offerings for consumers. The move underscores Adani's commitment to expanding its industrial footprint and leveraging its existing capabilities to drive growth in new sectors.

— Authored by Next24 Live