Gautam Adani News / Adani is ready to make a splash in Thailand in the new year, has tied up with this company

Gautam Adani News: Adani Group, India's leading business group, is constantly changing and expanding its business. Recently, Adani ended his 25-year-old partnership with Wilmar International and started a new chapter. Now the group has taken a step towards strengthening its position globally by partnering with Thailand's Indorama Resources Limited.

New partnership with Indorama

Adani Group has established a joint venture 'Valor Petrochemicals Limited' (VPL) with Thailand's Indorama Resources Limited through its subsidiary Adani Petrochemicals Limited. The equity of both the companies will be equal in this joint venture. This announcement was made by Adani Enterprises Limited on Monday.

This partnership will provide an opportunity to Adani Group to enter the refinery, petrochemical and chemical business in Thailand. Indorama, one of the world's largest petrochemical manufacturing companies, will further strengthen the position of Adani Group in the global market through this venture.

Big investment plan in India

The Adani Group plans to set up a 3.2 million tonne purified terephthalic acid (PTA) plant in Maharashtra under this joint venture. The project is likely to entail an investment of about $3 billion. PTA is mainly used in the textile and plastic industry, which will help meet India's growing industrial requirements.

Separation from Wilmar International

The Adani Group recently ended its 25-year-old partnership with Wilmar International. The total amount of this deal was about $2 billion. The company has decided to use this money to invest in its main infrastructure platform - energy, utility, transportation and logistics.

Next step towards global expansion

The Adani Group no longer wants to be limited to India only, but is also committed to increasing its presence in international markets. The partnership with Indorama is an important step in this direction. This will not only take the group's business to new heights but will also establish India as a strong industrial power globally.

Conclusion

This strategic expansion of Adani Group will not only diversify their business but will also increase their competitiveness in the global market. With the partnership with a big company like Indorama and setting up of PTA plant, it is clear that Adani Group is set to maintain its strength in the Indian and international markets for a long time.