 "Adani")
Adani Group has approached the State Bank of India (SBI) for a loan worth Rs 14,000 crore to build a new plant in Mundra in Gujarat. The new facility is being planned to manufacture polyvinyl chloride (PVC) from coal, a Mint report stated. The total cost of setting up the project is expected to be around Rs 19,000 crore.
The application for the PVC plant comes just days after Adani Group secured a loan worth Rs 6,071 crore for a new copper refinery at Mundra, on June 26. It was secured by one of the subsidiaries of the group, Kutch
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