Ahmedabad: Making a debut for the Adani Portfolio in the metal industry, Kutch Copper, a subsidiary of Adani Enterprises Limited (AEL), on Thursday commissioned the first unit of its greenfield copper refinery project at Mundra, Gujarat, by dispatching the maiden batch of cathodes to customers.
It will create 2,000 direct and 5,000 indirect employment opportunities. Adani Enterprises is investing nearly $1.2 billion to set up a copper smelter with 0.5 MTPA (million tonnes per annum) capacity in the first phase.
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, Founder and Chairman of Adani Group.
Our speed of execution in this ambitious, super-sized project underscores our commitment to take India to the forefront of the global copper sector, Gautam Adani added.
On completion of the second phase that will add similar capacity, Kutch Copper — with 1 MTPA — will be the world’s largest single-location custom smelter, benchmarking ESG performance standards while leveraging state-of-the-art technology and digitalisation, the company said in a statement.
We believe the domestic copper industry will play a crucial role in achieving our nations goal of carbon neutrality by 2070 by strengthening our green infrastructure hand in hand with mature environmental stewardship, Gautam Adani added.
