Adani to Challenge Reliance with Massive PVC Plant by FY2028

In a significant step for India’s petrochemical industry, Adani Group plans to commission 1 million tonne per annum (1 MTPA) PVC plant at Mundra, Gujarat by FY2028, directly competing with Reliance Industries in the Indian PVC space.

India’s annual PVC demand is 4 MTPA, but domestic production is only 1.6 MTPA. With this move, Adani aims to develop its position, decrease import reliance and meet rising consumption in agriculture, infrastructure, housing, and packaging.

The planned plant will manufacture PVC, chlor-alkali, calcium carbide and acetylene within Adani's larger ambitious Mundra petrochemical cluster. The units will be on an acetylene and carbide process route. The project had a temporary suspension in 2023 prior to commencing construction in September 2023 after verification of parameters by various financial advisors.

The project had faced a temporary halt in 2023 amid financial scrutiny, but with over $5 billion in new equity and debt raised, Adani has resumed operations with full regulatory clearances.

Also Read: Material Handling Safety in 2025: New Standards and Compliance Tips

This strategic positioning now places Adani, with respect to PVC production capacity directly competing with Reliance, which is currently at a lower production capacity and targeting a doubling PVC capacity by 2027.

Adani’s logistics integration, port access and trading will be a key competitive advantage. The new PVC project at Maidira is anticipated to scale up to 2 MTPA in project phases, further establishing the Adani presence in India’s developing petrochemical industry.