Business
Adani Enterprises completes 60% of Mundra PVC build
The Hindu BusinessLine·
Adani Enterprises said it finished around 60 percent of construction and spend on its Rs 26,000 crore Mundra PVC plant. Cumulative outlay reached Rs 16,133 crore, about 62 percent of planned investment. Management said the first one-million-tonne phase is due in FY28, then six to nine months of stabilisation. A wider 2 million tonne complex is planned.
Prism
What It Means For You
- Investors tracking Adani Enterprises now have a 60 percent completion marker on the Mundra PVC capex.
- First-phase commissioning is framed for FY28, with stabilisation lasting six to nine months after that.
- Domestic PVC users in pipes and construction are the demand base the company cites for the plant.
What's Happening
- The company said spend includes Rs 3,895 crore in FY25, Rs 7,979 crore in FY26 and Rs 4,319 crore in the first half of FY27.
- Management told an investors' call the project is on schedule at Mundra in Gujarat.
- The first phase is part of a planned 2-million-tonne-per-annum PVC complex.
Mundra PVC Build Status
- The Rs 26,000 crore figure is the stated capex plan for the one-million-tonne first plant.
- Cumulative outlay of Rs 16,133 crore is described as around 62 percent of planned investment.
- Adani Enterprises presents the complex as part of a broader Mundra petrochemical cluster.
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