Adani's $ 1.2 bn copper smelter imports from Peru, Chile, Australia

04 Mar 2024 CW Team

Gautam Adani's group, an Indian billionaire, is set to initiate its $ 1.2 billion copper smelter project, which is the largest single-location plant of its kind globally, according to a senior company official. The copper concentrates necessary for this venture will be sourced from Peru, Chile, and Australia.

Kutch Copper (KCL), a subsidiary of Adani Enterprises, anticipates commencing its operations in the coming weeks. The plant, situated in Mundra, Gujarat state, will initially have a capacity of 500,000 metric tons, with plans to expand to 1 million metric tons by 2028/29.

Vinay Prakash, the managing director of KCL, revealed in an interview with Reuters that the company is open to acquiring copper assets both in India and abroad, although specific details were not provided. Importantly, KCL will be importing copper concentrates from global miners and international traders.

Prakash explained, "The sourcing involves a strategic mix of short and long-term arrangements with miners and traders worldwide, including Peru, Chile, and Australia."

He emphasised that the copper smelter will contribute to enhancing domestic supplies of the metal, considering the robust demand for copper in India, driven by the construction, transport, and power sectors.

India's copper imports have surged, particularly since the closure of Vedanta's Sterlite Copper smelter in 2018, which produced approximately 400,000 metric tonne of copper. During the first nine months of the fiscal year starting in April, India imported copper ore and concentrate worth $ 2.2 billion from various countries, including Peru, Chile, Australia, and Indonesia.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..