Adani starts 1st phase of world’s largest copper plant
This first phase facility of 5 lakh tonnes per year, aims to reduce reliance on copper imports
New Delhi: Billionaire Gautam Adani-led group on Thursday announced the start of the first phase of the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition.
Kutch Copper, a subsidiary of group’s flagship firm Adani Enterprises Ltd, “commissioned the first phase” of $1.2 billion “greenfield copper refinery by dispatching the maiden batch of cathodes to customers”, the company said in a statement.
The first phase of the facility that will produce 0.5 million tonnes a year (MPTA) of refined copper has started operations and full-scale 1 million tonnes capacity is expected by FY29 (March 2029). India joins China and other nations that are rapidly expanding production of copper, a metal crucial for transition away from fossil fuels. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper.
“On completion of the second phase, Kutch Copper, with 1 million tonnes per annum, will be the world’s largest single-location custom smelter, benchmarking ESG performance standards while leveraging state-of-the-art technology and digitalisation,” the statement said.
It will create 2,000 direct and 5,000 indirect employment opportunities. India’s per capita copper consumption is estimated around 0.6 kg compared to the global average of 3.2 kg. India’s drive towards clean energy systems, increasing penetration of electric vehicles and a host of associated applications are expected to double the domestic copper demand by 2030.
The Adani Group is investing heavily in energy transition, in which copper will play a vital role. It is expanding into adjacent areas of its current capabilities, which makes the copper business a strategic fit. “With Kutch Copper commencing operations, the Adani portfolio of companies is not only entering the metals sector but also driving India’s leap towards a sustainable and aatmanirbhar (self-reliant) future,” said Gautam Adani, Chairman of the Adani Group.
