ADANI COPPER SMELTER
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.
Adani’s copper smelter targets up to 85% utilisation by March on assured supplies
Adani Group’s Kutch Copper expects to increase smelter capacity utilisation to 80-85% by March, against its earlier target of 75%, as long-term contracts help secure copper concentrate amid tight global supplies. The smelter operated at 64% utilisation in the September quarter, producing 80,200 tonnes.
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.
Industry body seeks higher duty on copper used in solar module
The Indian Primary Copper Producers Association has urged the government to raise customs duties on solar copper products. They recommend increasing the duty on solar PV ribbon and busbars from 5% to 10%. The association also requests maintaining existing duties on refined copper and copper pipes. Domestic production is underutilized due to imports from China affecting the market.
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.
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Copper price's record rally highlights global mining-smelting mismatch, IPCPA says
Copper prices are soaring to unprecedented levels, driven by a significant global supply imbalance. While mining operations struggle to meet demand, smelting capabilities are rapidly increasing. This disparity creates substantial structural challenges in the copper market. Moreover, anticipated US tariffs are affecting market behavior and inventory management. Tackling this issue is essential as the demand for copper maintains its upward trajectory.
Adani’s Kutch Copper sees Rs 750-800 crore quarterly EBITDA this fiscal
Kutch Copper anticipates stable quarterly operating profit between Rs 750-800 crore this fiscal year. Higher utilization and revenue will offset expected moderation in profit margins for the company. The copper smelter reported Rs 749 crore EBITDA on Rs 10,922 crore revenue in the June quarter. India's copper imports are expected to decrease as Kutch Copper ramps up its production capacity.
Hindustan Copper eyes Chile mines, plans concentrate sales to Hindalco, Adani
Hindustan Copper plans to sell copper concentrate from acquired mines to Hindalco and Adani. The company is also discussing a joint venture with Chile's Codelco for mining operations. India's mines secretary confirmed discussions for four copper mining blocks from Codelco. Due diligence is ongoing for a potential joint venture with partners like Coal India. Mining operations are expected to commence within a decade, securing future supply.
Adani's Kutch Copper secures LME registration for 'Adani Copper' Grade A cathodes
Kutch Copper Ltd has achieved London Metal Exchange registration for its copper cathodes. This approval allows 'Adani Copper' to be delivered against LME copper futures contracts. The certification validates Kutch Copper's manufacturing excellence and responsible sourcing practices. This milestone strengthens India's role in the global refined copper supply chain. Adani Copper cathodes will be eligible for issuance against LME contracts from July 10.
LME approves Adani's major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper unit in Gujarat, the facility has 500,000-tonne capacity. The move may boost India’s copper self-reliance and reduce import dependence amid steady domestic demand.
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’s $1.2 billion copper smelter caught up in global ore shortage
Gautam Adani's new $1.2 billion copper smelter in Gujarat is operating at a fraction of its capacity due to a global ore supply shortage. Kutch Copper Ltd. has imported less than a tenth of the required raw material, facing challenges from mine disruptions and China's expanding smelting capacity.
Adani's new copper smelter in India applies to become LME-listed brand
Adani Enterprises' new copper smelter in India, boasting a 500,000-ton annual capacity, has applied for LME listing amidst shrinking smelting margins. The $1.2 billion Kutch Copper facility, expected to begin smelting in May, aims to reduce India's reliance on copper imports. Codelco will supply copper concentrates to the smelter.
India to defend import curbs on copper in legal tussle with trade associations, sources say
India faces a legal challenge over import curbs on copper cathodes, with the government asserting sufficient domestic supply and suppliers. Trade associations claim the measures could create a monopoly, but the government insists imports were only temporarily reduced due to prior stockpiling. With copper demand expected to surge, the government anticipates Adani's new smelter will reduce reliance on imports.
Adani Enterprises to start copper smelter in four weeks
Adani Enterprises Ltd is set to inaugurate a major copper smelter in India within the next four weeks, named Kutch Copper, despite challenging market conditions with negative treatment and refining charges. The commissioning has already begun, with the production of the first anodes a month ago.
Adani’s Kutch Copper to begin smelter ops soon
Adani Group's Kutch Copper is set to start its smelter operations soon and plans to expand capacity, reducing India's copper imports significantly. The initial 500,000-tonne unit will stabilize in the next few quarters before expanding to a million tonnes with an investment of $700-800 million. The smelter will source copper concentrate from Latin America, Australia, and Africa.
Another Indian conglomerate enters the race for copper
Copper prices have surged to over $10,000 a ton amid US President Donald Trump's tariff plans and India's increasing efforts to boost its domestic copper industry. Indian conglomerates like JSW Group and Adani Group are making substantial investments to counter the country's reliance on copper imports.
JSW Group said to set up 0.5 MT capacity copper smelter
JSW Group plans a 500,000 metric ton copper smelter in Odisha by 2028/29, sourcing copper concentrate from Peru and Chile. The $301.22 million investment includes operating copper mines from Hindustan Copper. Competing with Adani, JSW aims to scale up capacity to 1 million metric tons by 2033/34, supporting its electric vehicle and battery ventures.
Adani's Kutch copper refinery to help cut reliance on imports: Mines ministry
India anticipates achieving self-sufficiency in refined copper by early 2025 with the Adani Kutch Copper Refinery reaching full capacity. Currently, India imports a significant amount of refined copper, primarily from Japan. Several Japanese smelters have applied for BIS certification to supply copper to the Indian market, ensuring sufficient supply during the transition.
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
Adani's $1.2 billion copper smelter to import concentrates from Peru, Chile, Australia
Indian billionaire Gautam Adani's group, through Kutch Copper Ltd, plans to start a $1.2 billion copper smelter in Mundra, Gujarat, to meet India's robust demand for copper driven by clean energy and electric vehicles. The smelter will have an initial capacity of 500k metric tons, scaling up to 1 million metric tons.
Gautam Adani secures ore for world’s largest single-location copper smelter in Gujarat
Gautam Adani's conglomerate has secured contracts to purchase 1.6 million tons annually of copper concentrate for its Mundra-based smelter, set to become the world's largest single-location facility for the metal. The $1.2 billion plant, with an initial capacity of 500,000 tons, is slated to commence operations next month, expanding to 1 million tons by March 2029 to meet India's projected doubling of copper demand.
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.
Billionaire Adani’s new copper foray to further tighten world’s ore supply
Billionaire Gautam Adani's copper plant in India, set to launch in March, will spike ore imports, impacting global supply. The 500,000-ton facility amplifies India's copper output by 80%, coinciding with a global ore shortage due to closures elsewhere. India's import could hit 2 million tons in 2024, straining an already tight market, driven by rapid smelting growth in China and India. The plant's potential to double capacity will fuel India's demand amid the shift to renewable energy.
Vedanta likely to scrap plans to sell mega Indian copper smelter
After scrapping the seven-month-old process to offload the 400,000 tons-a-year Sterlite Copper plant, the company will now work with the local population to restart the factory that was shut on environmental concerns. The refined metal is poised to play an important role in the nation’s shift toward electric vehicles and renewables and has lured interest from billionaire Gautam Adani’s group
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