Adani teams up with Thailand's Indorama for petrochemical foray

Billionaire Gautam Adani's group, through Adani Petrochemicals Ltd, has formed a joint venture with Thailand's Indorama Resources Ltd to enter the petrochemical sector. The 50:50 partnership aims to establish a refinery and several petrochemical facilities. The initial project includes a 2 million tonne PVC plant in Gujarat, with phased development leading to 2027.