Adani to enter petrochemicals sector with â¹16,000-crore JV
Billionaire Gautam Adani-led Adani Group on Thursday announced it will partner with Germany's BASF to foray into the petrochemicals sector with a â¹16,000-crore factory at Gujarat's Mundra. The German chemical giant will hold a majority stake in the venture. BASF also plans to co-invest as a minority partner in a wind and solar park at the site, the companies said.