Adani Group’s copper unit in Mundra begins operations

This marks the debut of Adani’s product portfolio in the metal industry. (document)

New Delhi:

Adani Group today announced the opening of its first copper plant in Mundra, Gujarat.

Adani Enterprises is constructing the plant with a capacity of 1 million tonnes in two phases. “Nearly $1.2 billion will be invested in the first phase,” the company said in a statement.

This marks the debut of Adani’s product portfolio in the metal industry. “The successful progress of the greenfield project demonstrates the Adani Group’s ability to plan and execute large-scale projects,” the company said.

Adani Enterprises invested nearly US$1.2 billion to build a copper smelting plant with a capacity of 500,000 tons in the first phase.

Upon completion of the second phase, similar capacity will be added and with an annual capacity of 1 million tonnes, Kutch Copper will become the world’s largest single-site custom-built smelter, leveraging state-of-the-art technology and digitalization while maintaining a strong focus on ESG performance standards. Conduct benchmark testing. It will create 2,000 direct jobs and 5,000 indirect jobs.

Gautam Adani, Chairman, Adani Group, said: “With the commencement of operations at Kutch Copper, Adani’s portfolio not only enters the metals sector but will also drive India towards a sustainable future. A sustainable and self-reliant future.”

“The speed with which we have executed this ambitious mega-project underlines our commitment to bringing India to the forefront of the global copper industry. We are confident that the domestic copper industry will play an important role in achieving our country’s goal of becoming carbon neutral by 2070 Play a vital role. “Our green infrastructure goes hand in hand with mature environmental stewardship. Once commissioned, our modern smelter will set a new benchmark in copper production and strengthen the push for innovative green technologies,” he said.

Developments in renewable energy, electric vehicles, charging infrastructure and transmission and distribution networks will drive copper demand.

Kutch Copper is working to establish Kutch Copper Tubes Limited as part of its forward integration strategy to add copper pipes to its product portfolio. These pipes will cater for applications in the air conditioning and refrigeration sectors.

(Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, part of the Adani Group.)