COPPER SMELTER GUJARAT
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 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’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.
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.
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Hindustan Copper pins Navratna ambitions on 50,000 TPA Jhagadia Project
Hindustan Copper's Jhagadia project in Gujarat, a 50,000-tonne secondary copper smelter, is poised to significantly boost the company's revenue and strategic performance. This initiative, undertaken in partnership with Lohum Materials, could pave the way for Hindustan Copper to achieve Navratna status, granting it greater financial and operational autonomy. The project aims to enhance asset productivity and profitability, marking a crucial step for the 'Mini-Ratna' enterprise.
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.
Hindustan Copper Q2 Results: Profit grows 85% to Rs 186 crore
Hindustan Copper on Tuesday posted around 85 per cent rise in consolidated net profit at Rs 186.02 crore for September quarter FY26, on account of increased income.
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.
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.
Hindalco to spend $10 billion on expanding operations in India and US: KM Birla
Hindalco Industries plans to invest $10 billion in expanding its capacities across India and its US subsidiary Novelis Inc, as announced by chairman Kumar Mangalam Birla. The projects include expansions in aluminium and copper smelters, a new alumina refinery, and the Bay Minette plant. These efforts align with India's development goals, focusing on urbanization, digital life, clean energy, and e-mobility. Hindalco aims to cater to the nation's growing infrastructure needs, including electric vehicles and solar energy, with substantial investments in Odisha and Gujarat.
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'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.
Hindalco to buy Ryker for Rs 323 crore enterprise value
Hindalco Industries to pick up 100% equity stake in Ryker Base Pvt Ltd for an enterprise value of Rs 323 crore. Ryker is a wholly-owned subsidiary of Polycab India Ltd
Vedanta's Sterlite Copper offers to supply oxygen from its closed unit in Tuticorin
“We wish to state that Sterlite Copper operates an Oxygen Plant of capacity 1050 MT per day, within the main copper smelter unit. One Oxygen Plant of 500 TPD can be operated to meet the critical demand of oxygen in this hour of peril,” said the company’s CEO, Pankaj Kumar in a letter to Tamil Nadu’s chief minister, Edappadi K. Palaniswami.
Tuticorin plant shutdown to affect over 800 SMEs
While the immediate supply crisis in the near to medium term can be averted, analysts are worried about the longer-term impact on the copper market.
Hindustan Copper gears up to meet domestic demand after Vedanta plant shutdown
HCL hopes to realise its entire primary smelting capacity in the July-September 2018 quarter, following renovation of its 20,000 tpa smelter at Ghatshila by June 15.
Tuticorin closure to adversely impact Vedanta's other businesses: Moody’s
The ratings agency said it is yet unclear as to what extent the company will be compensated for the land acquired for the expansion.
Adani Enterprises to set up 1 mn tonne copper plant in Mundra
Raw materials Copper concentrate and Rock phosphate required for the project would be sourced by importing as well as from domestic market, the EAC said.
Betting big on Gujarat, Odisha for refinery & smelter: BL Bagra, NALCO CMD
We are talking to the Gujarat govt to set up an alumina refinery. State govt has identified land, in which we will be investing Rs 4,500 crore.
Hindalco profit up 26% to Rs 434 cr on higher prices
India’s largest aluminum producer Hindalco Industries posted a 26% increase in standalone net profit due to higher realisations from aluminum during the second quarter.
Birlas to hike copper output in Australia
: The Aditya Birla group plans to increase production at its copper concentrate mines at Nifty and Mount Gordon in Australia.
Hindalco to acquire copper mines aboard
Hindalco Industries Ltd, a flagship company of the AV Birla Group, is bullish on copper sector plans to acquire copper mines abroad to increase captive mining capacity to 60 per cent from 40 per cent at present.
Copper on fast track as power sector lights up
The Indian growth story has resulted in higher rate of growth in consumption of many commodities. And copper is not an exception with power sector driving the demand high.
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