India's fast adoption of EVs likely to increase copper imports

27 May 2022 CW Team

With the fast adoption of electric mobility and a transition to renewable energy, India's reliance on copper imports is likely to increase. Copper imports increased from $2.2 billion in fiscal year (FY) 2021 to $2.9 billion in FY 2022.

To deliver one MW of power, solar photovoltaic and onshore wind platforms each require about 3,000 kg of copper. Offshore wind power generation uses far more copper, needing more than 8,000 kg per MW.

Copper is a vital component of an electric vehicle (EV), and increased EV penetration will lead to an increase in copper demand from the auto sector, which now accounts for over 10% of India's overall copper consumption of roughly 1.1 million tonnes (MT).

Hetal Gandhi, head of CRISIL Research, told the media that renewables and the automotive industry would push demand to over two million tonnes by 2030, assuming India meets its targets of more than 450 GW of renewable power generation and 30% EV adoption in passenger vehicles.

In such a situation, demand from the car industry will account for more than 25% of overall demand.

Primary copper production capacity is held by Hindalco, Vedanta, and HCL. Despite having a combined capacity of over 1,000-kilo tonnes per year, the output is only approximately 600-kilo tonnes per year. The closing of Vedanta's Tuticorin facility in 2018 reduced India's domestic copper production.

Adani has received environmental approval for a 1,000-kilo tonne copper facility that would cost Rs 11,000 crore to build. In 3-4 years, the factory will be operational. Despite this, India's copper dependency will increase, necessitating more local copper output to close the gap.

Image Source

Also read: Tata Motors anticipates PV industry to exceed FY19 volumes this year

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..