The Adani Group is set to commission the first phase of its $4 billion PVC project by December 2026, boosting India’s petrochemical sector. This Mundra-based plant will address the gap between the nation’s 4 million tonnes of annual PVC demand and its 1.5 million tonne production capacity. The first phase will have a 1 million tonne annual capacity, expanding to 2 million tonnes in later phases. Backed by an SBI-led consortium, the project will use advanced Acetylene and Carbide production processes, with all environmental clearances secured.

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