- Economy
- Education And Career
- Companies & Markets
- Gadgets & Technology
- After Hours
- Healthcare
- Banking & Finance
- Entrepreneurship
- Energy & Infra
- Case Study
- Video
- More
- Sustainability
- Web Exclusive
- Opinion
- Luxury
- Legal
- Property Review
- Cloud
- Blockchain
- Workplace
- Collaboration
- Developer
- Digital India
- Infrastructure
- Work Life Balance
- Test category by sumit
- Sports
- National
- World
- Entertainment
- Lifestyle
- Science
- Health
- Tech
Financial Closure For Green PVC Project Is Still Pending With FIs: Adani Group
Adani group clarified that financial closure for their Green PVC project is still pending with financial institutions after some media reports said that Adani Group has halted work on a 34,900-crore petrochemical project
Photo Credit :
Adani’s Mundra Petrochemicals Limited (MPL) has announced that the financial closure for their Green PVC project is still pending with financial institutions (FIs) after some media reports said that Adani Group has halted work on a 34,900-crore petrochemical project.
According to the statement, “The company’s management has decided to accelerate the engineering design and other related activities while awaiting financial closure, due to recent market developments. As a result, the procurement of major equipment and construction activities at the site have been put on hold.”
MPL hopes that financial closure will be obtained within the next six months, after which full-fledged procurement and construction activities will commence. The company remains committed to completing the project in an expeditious manner to meet the original timelines.