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Adani is giving tough competition to Mukesh Ambani as his group expands rapidly into sectors long dominated by Reliance. Billionaire Gautam Adani’s conglomerate is set to establish a PVC plant with a capacity of 1 million tonnes per year in Mundra Gujarat. This move marks Adani’s entry into the petrochemicals sector where Reliance Industries Ltd currently dominates according to sources reported PTI. Polyvinyl Chloride (PVV) is a synthetic plastic polymer used across many applications to make products like pipes and fittings frames for doors and windows coatings for cables flooring and wall coverings out of vinyl credit cards and toys. Indias annual PVC demand is around 4 million tonnes while production capacity in the country is only around 1.59 million tonnes with Reliance accounting for about half that capacity. We expect PVC demand to grow at a rate of 8-10% yearly due to growing demand in agriculture (more irrigation land) Infrastructure specifically projects concerning water supply and sanitation housing pharmaceutical and packaging end-segments. Indias Adani conglomerate is advancing plans to build a petrochemical cluster in the neighborhood of Mundra home to Adani Enterprises Ltd the flagship firm of the Adani Group. According to two sources with direct knowledge of the plans Adani Enterprises Ltd is building a polyvinyl chloride (PVC) manufacturer with an annual manufacturing capacity of 1 million tonnes as part of its petrochemical project in Mundra. The company anticipates that the facility will be operational by the fiscal year 2028 (between April 2027 and March 2028). The PVC project will also contain manufacturing facilities for chlor-alkali calcium carbide and acetylene.