Adani Group and BASF to partner for USD2.3bn India petrochemical venture

MOSCOW (MRC) -- Adani Group has signed an initial agreement with Germany's BASF to jointly invest 160 billion rupees (USD2.3 billion) in a petrochemicals venture that will take on billionaire Mukesh Ambani's flagship Reliance Industries, according to NIKKEI.The two companies signed a memorandum of understanding to evaluate an acrylics value chain at Mundra port in the western Indian state

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