ADANI COPPER PROJECT
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Cigarettes to get costlier: ITC hikes Gold Flake Premium prices for the second time this year; here's how much a pack will now cost
ITC Ltd has raised the price of its Gold Flake Premium cigarettes by Rs 10 per pack, taking the MRP of a 10-cigarette pack to Rs 135 from Rs 125. This is the second price increase for the brand in 2026, following a hike in June. The revision comes as cigarette makers face higher taxes and pressure on legal market volumes, while ITC looks to expand its FMCG and other non-cigarette businesses.
TS Inter 1st and 2nd year exam system to end: Telangana CM announces new 10+2 education model from next academic year
Telangana will introduce the 10+2 education system from the next academic year, merging Classes 11 and 12 with the school education structure and replacing the separate Intermediate system. Chief Minister A Revanth Reddy has outlined a three-stage schooling model from nursery to Class 12, with the reforms aimed at improving education quality and reducing student dropouts after Class 10. The government is also reviewing residential school projects and infrastructure upgrades.
Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.
Adani Enterprises Q2 net profit falls 55% despite 75% increase in revenue
Adani Enterprises saw a 55% drop in consolidated net profit for the September quarter. Revenue from operations increased by 75%, reaching ₹37,216 crore compared to the previous year. A notable decline in profit was attributed to an exceptional gain a year prior, while expenses rose sharply. The company plans to invest ₹35,000 crore to ₹40,000 crore annually in airports and data centres.
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Adani Enterprises Q2 Results: Revenue spikes 75% YoY to Rs 37,216 crore, profit at Rs 1,492 crore
Adani Enterprises Q2 Results 2026: Adani Enterprises has reported a 55% drop in consolidated net profit for the second quarter of FY27, with figures reaching Rs 1,492 crore compared to Rs 3,304 crore from the previous year. Conversely, operational revenue surged by 75%, hitting Rs 37,216 crore. This stark contrast is notable due to the previous year's inflated profits, driven by exceptional gains totaling Rs 3,583 crore, highlighting a dramatic shift in financial performance.
Adani's Kutch Copper plans 115 MW renewable energy push at Mundra refinery
Kutch Copper Ltd, a part of Adani Enterprises, plans to integrate 115 megawatts of renewable energy into operations. The copper refinery in Mundra aims to expand from 500,000 tonnes to 1 million tonnes per annum. This expansion would make it the world's largest single-location custom smelter. Kutch Copper is committed to environmental stewardship by treating nearly all sulphur emissions and conserving water resources. The Adani Group has pledged USD 1.
Adani Enterprises has finally got strong winds filling its sails
Adani Enterprises’ outlook is improving as several incubated businesses reach commercial scale. CARE Ratings has upgraded AEL to AA, citing stronger financial flexibility after its ₹15,000-cr QIP and Adani Airports monetisation. Airports, Kutch Copper and roads are expected to drive FY27 earnings, while data centres, new energy, defence and aluminium offer longer-term growth.
CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook
CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
Jefferies says Adani Enterprises is the ‘platform behind platforms’ with 4 major growth levers
Jefferies retained a Buy rating on Adani Enterprises with a Rs 3,830 target, citing its infrastructure incubation model and strong growth potential. The brokerage expects a 23% EBITDA CAGR through FY31, led by airports, data centres and ANIL.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing market price. The brokerage expects EBITDA to more than double by FY29, supported by airports, new energy, roads, copper and other infrastructure businesses. It also sees faster earnings growth and easing leverage as key drivers for the stock.
The great Adani trade is back with Rs 1.4 lakh crore bang! Why Adani Enterprises is Nifty’s hottest stock now
Adani Enterprises shares have rallied significantly this year, becoming Nifty's top performer. Investors are betting on its airports-to-copper portfolio to create new listed companies. The company recently raised substantial capital through a qualified institutional placement. This funding will support business expansion, debt repayment, and strategic investments. Analysts expect strong earnings growth from its diverse and long-duration investment themes.
India's growth riding on copper, govt should help boost capacity, industry body says
India's infrastructure boom fuels copper demand growth significantly higher than GDP. Copper demand is projected to rise nine to ten percent annually. This surge is driven by infrastructure, clean energy, and consumer electronics needs. India has become a net importer of copper after a smelter closure. New capacities are emerging, but a deficit is still expected.
Adani's Kutch Copper eyes ₹3,100 cr ebitda in FY27
Adani Group's Kutch Copper smelter is set to generate substantial earnings next fiscal. Full operational capacity is anticipated within three months. The company plans to double its smelting capacity with further investment. This expansion will position Kutch Copper as a major player in India's copper refining sector. Recent agreements aim to secure crucial ore supplies for future operations.
Adani Enterprises to spread Rs 25,000-cr rights issue over 4 tranches
Adani Enterprises is set to launch its largest fundraising yet, a ₹25,000 crore rights issue. This will be spread over six to eight months in four tranches. The company plans to use a significant portion to repay loans from its promoters. This move will free up capital for future debt. The rights issue details are expected soon.
Adani’s $1.2 billion Kutch smelter signs MoU to source up to 71,000 tonnes of copper a year from Caravel’s Australian project
Adani Enterprises' copper subsidiary, Kutch Copper, has signed a major pact with Caravel Minerals in Australia. This collaboration aims to secure vital copper resources for India's growing copper business. The partnership will accelerate the Caravel Copper Project towards a 2026 investment decision. This strategic alliance strengthens India and Australia's role in the global energy transition.
Adani to partner with MetTube for copper tubes business
Adani Enterprises is set to divest 50% of its copper tubes business to MetTube Copper India, aiming to enhance domestic copper tube production. Simultaneously, Adani Enterprises will acquire a 50% stake in MetTube Copper India. This strategic move seeks to reduce India's dependence on copper tube imports.
Adani Group's copper arm, Kutch Copper Ltd joins International Copper Association
Kutch Copper Ltd, part of the AdGroup, has joined the International Copper Association (ICA) to contribute to sustainability initiatives and the copper sector's development. Adani Enterprises is investing USD 1.2 billion in a copper smelter in Gujarat to enhance India's self-reliance in copper production.
After cement, Adani flexes muscles in another new sector
The Adani Group's aggressive expansion continues as it enters the copper sector, crucial for India's renewable energy plans. Leveraging its infrastructure strengths, the group aims to become a leader in copper production, competing against industry giants like Hindalco and Hindustan Copper, amid rising domestic demand.
Adani and BHP in talks to ink copper sourcing deal worth ₹30,000 crore per annum
Kutch Copper is negotiating with BHP to acquire up to 1.6 mtpa of copper concentrate, valued at around ₹30,000 crore annually. The venture aims to support Kutch Copper's greenfield refinery project at Mundra, making it the world's largest single-location custom smelter at full 1 mtpa capacity.
Adani makes metals debut as copper unit begins operations
Adani Enterprises has inaugurated its first unit of the copper refinery at Mundra, Gujarat, through its subsidiary Kutch Copper, marking its entry into the metals sector. The company will invest $1.2 billion in the first phase of the project, which will have an annual capacity of 500,000 tonnes. The second phase will add another 500,000 tonnes, making it the world's largest single-location custom copper smelter upon completion. This initiative aligns with India's push for sustainability and self-reliance, creating thousands of direct and indirect jobs while aiming for the lowest carbon footprint in its class.
Adani debuts in metal industry as Mundra's copper unit begins operations, co to invest $1.2 billion in first phase
Adani Enterprises' subsidiary, Kutch Copper, initiated operations for its copper refinery project at Mundra, marking Adani's foray into the metal industry. The $1.2 billion investment will set up a 0.5 MTPA copper smelter initially, scaling up to 1 MTPA over two phases, aiming to be the world's largest custom smelter
How Adani's big foray into a new sector will help India
Gautam Adani wants to become a global leader in the copper business, leveraging the Adani Group's strong position in resource trading, logistics, renewable power, and infrastructure. Adani's move will pit it against Aditya Birla Group’s Hindalco, which is India’s largest copper producer, and the government-owned Hindustan Copper.
Adani Group's $1.2-bn copper plant to boost India's metal production
The Gautam Adani-led group is constructing the world's largest single-location copper manufacturing plant in Gujarat, India. The $1.2 billion facility aims to reduce India's reliance on copper imports and support the country's energy transition. The plant is expected to start operations by March 2024 and achieve full-scale capacity of 1 million tonnes by March 2029.
Adani's $1.1 bn copper project to start operations from Mar 2024
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition. For Phase-1, capacity of 0.5 million tonnes per annum, Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), has achieved financial closure through a syndicated club loan
Adani Enterprise subsidiary raises Rs 6,000 crore loan to set up greenfield copper plant
The funds will go towards setting up a copper refining capacity of 0.5 million tonnes per annum (MTPA) as part of the phase 1 of the greenfield plant. The total planned capacity is 1 MTPA in two phases.
Adani Group ropes in former Vedanta exec Satish Kumar for copper business
Adani Enterprises, the incubation platform for new businesses of the Gautam Adani-led group, announced in March that it has incorporated a company called Kutch Copper Ltd to manufacture copper cathodes and rods among other products.
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