After the Hindenburg fallout due to a report on January 24 that wiped out $140 billion from the market value of Gautam Adani’s empire, the Adani Group has suspended their work on the Rs 34,900 crore petchem project at Mundra in Gujarat.
Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.
The group...
