Billionaire Gautam Adani-run Adani Group has forged a partnership with UAE’s oil firm Adnoc, German chemical giant BASF and Austria’s Borealis to study the feasibility of setting up a USD 4 billion chemical complex at Mundra in Gujarat by 2024. The four firms have signed a memorandum of understanding (MoU) to “engage in a joint feasibility study to further evaluate a collaboration for establishment of a chemical complex in Mundra, Gujarat.”

(Economic Times)