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Adani Enters Metals Business with Kutch Copper’s First Consignment from Mundra Plant

Kutch Copper Ltd., a subsidiary of Adani Enterprises Ltd. (AEL), dispatched its maiden consignment of Copper cathodes on 28th March 2024, following the commissioning of phase 1 of its Mundra plant. This plant marks Adani Group’s entry not only in the Copper smelting and refining space, but also in the metals segment.

Kutch Copper’s 1 Million Metric Tonne Per Annum (MMTPA) Greenfield Copper smelting and refining plant, is being commissioned in two phases of 0.5 MMTPA capacity each. The first phase has been developed with an investment of about USD 1.2 billion.

Adani Enterprises Ltd.’s stock filing from 28th March 2024 further states, “Kutch Copper is working towards establishing Kutch Copper Tubes Limited as part of its forward integration strategy to add copper tubes to its portfolio. The tubes will cater to applications in air conditioning and refrigeration”.