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flag Adani Group and Indorama form a joint venture to build a major petrochemical complex in Gujarat, India.

flag Adani Group, led by Gautam Adani, and Thailand's Indorama Resources have formed a 50-50 joint venture called Valor Petrochemicals Ltd to build a petrochemical complex in Gujarat, India. flag The first phase includes a 2 million-tonne PVC facility, costing around Rs 35,000 crore, expected to be completed by 2026. flag The project resumed in July 2023 after a delay due to financial misconduct allegations.

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