Adani Group's $ 1.2 bn copper plant to enhance India's metal output
ECONOMY & POLICY

Adani Group's $ 1.2 bn copper plant to enhance India's metal output

The group led by billionaire Gautam Adani is in the process of constructing the world's largest single-location copper manufacturing plant in Mundra, Gujarat. According to the information provided, this initiative aims to reduce India's reliance on imports and contribute to the country's energy transition. The facility, with an estimated cost of $ 1.2 billion, is expected to commence operations for the first phase by the end of March. The complete capacity of 1 million tonnes is anticipated to be operational by the fiscal year ending in March 2029, as informed by two individuals familiar with the matter.

It has been noted that India is following the lead of China and other nations in significantly increasing the production of copper, a metal that plays a crucial role in the shift away from fossil fuels. Various technologies essential for the energy transition, including electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind power, and batteries, all depend on the availability of copper.

The subsidiary of the Adani Enterprises (AEL), known as Kutch Copper (KCL), is responsible for establishing a greenfield copper refinery project. This project is aimed at producing refined copper with an annual capacity of 1 million tonnes, to be achieved in two phases. The financial closure for the first phase, which has a capacity of 0.5 million tonnes per annum, was accomplished through a syndicated club loan in June 2022.

The group led by billionaire Gautam Adani is in the process of constructing the world's largest single-location copper manufacturing plant in Mundra, Gujarat. According to the information provided, this initiative aims to reduce India's reliance on imports and contribute to the country's energy transition. The facility, with an estimated cost of $ 1.2 billion, is expected to commence operations for the first phase by the end of March. The complete capacity of 1 million tonnes is anticipated to be operational by the fiscal year ending in March 2029, as informed by two individuals familiar with the matter. It has been noted that India is following the lead of China and other nations in significantly increasing the production of copper, a metal that plays a crucial role in the shift away from fossil fuels. Various technologies essential for the energy transition, including electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind power, and batteries, all depend on the availability of copper. The subsidiary of the Adani Enterprises (AEL), known as Kutch Copper (KCL), is responsible for establishing a greenfield copper refinery project. This project is aimed at producing refined copper with an annual capacity of 1 million tonnes, to be achieved in two phases. The financial closure for the first phase, which has a capacity of 0.5 million tonnes per annum, was accomplished through a syndicated club loan in June 2022.

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Next Story
Infrastructure Urban

Mphasis Partners with Sixfold to Revolutionize Insurance Underwriting with AI

Mphasis, a leading provider of cloud and cognitive technology solutions, today announced a strategic partnership with Sixfold, a US and UK-based artificial intelligence (AI) underwriting company, to enhance and streamline insurance underwriting processes. As a certified implementation partner, Mphasis will integrate Sixfold’s AI-powered platform to help insurers significantly accelerate submission intake, improve risk assessment accuracy, and reduce underwriting turnaround times. The solution, already in production at several leading carriers, is designed for Life & Disability, Comm..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?