INVESTMENT IN KUTCH
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.
Ishq Wala Love singer Salim Merchant is now owner of Rs 12.85 crore commercial property in Mumbai’s Santacruz
Composer Salim Merchant, known as one half of the composer duo Salim-Suleiman, recently bought a commercial property in Mumbai’s Santacruz for a staggering Rs 12 crore.
Govt to bankroll half the cost of deepwater wells, but wants its money back from winners
The Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provide financial assistance up to 50 percent of the costs for exploratory wells. Eligible wells will have a cost cap, and only state-run firms can apply for funding. The government expects repayment only if successful oil or gas is discovered during the exploration.
Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling risk
The Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of the drilling costs for exploratory wells to enhance oil reserves. The initiative aims to reduce dependence on imported hydrocarbons while stimulating investment in offshore basins. Shared infrastructure support will also aid in connecting small discoveries for production.
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.
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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.
Factories of future: Built on 25 years of reform & execution
India's industrial sector has seen significant growth under Modi's leadership, emphasising infrastructure development and reforms. The Vibrant Gujarat Summit initiated a strategic approach to enhance ease of doing business. Recent trade agreements have expanded access to global markets for Indian manufacturers.
Manipur Cabinet adopts resolution marking PM Modi’s 25 years in public service
Manipur Chief Minister Yumnam Khemchand Singh announced the Cabinet's resolution thanking Prime Minister Modi for his service. The resolution acknowledged the Prime Minister's contributions to India's growth and support for the Northeastern region. Significant initiatives under his leadership include infrastructure developments, healthcare improvements, and educational advancements in Manipur. The Prime Minister's efforts have helped lift millions out of poverty and enhance public services.
KPI Green Energy to acquire 507.9 MW operational wind assets in Gujarat for Rs 2,410 crore
KPI Green Energy has signed a binding offer to acquire Alfanar Energy Pvt Ltd and Netra Wind Pvt Ltd. The combined assets have an operational capacity of 507.9 MW located in Gujarat's Kutch wind corridor. This acquisition marks KPI Green's first large-scale wind acquisition, set to expand its installed capacity significantly. The deal will close by February 28, 2027, subject to necessary approvals.
India's first port-based e-Methanol production facility to produce and supply green fuel to ships
A new Rs 2,300 crore e-methanol plant will be established in Kandla to produce green fuel. This plant is a partnership between Deendayal Port Authority and Assam Petro-Chemicals, aimed at enhancing cleaner shipping. The project is expected to create over 3,500 jobs and foster a green energy value chain in the region.
India's first port-based e-methanol production facility to produce and supply green fuel to ships
Phase I of the project will add 50 tonnes per day of capacity at an investment of Rs 1,200 crore, targeted for completion by January 2027, followed by Phase II, which will add a further 100 tonnes per day at an investment of Rs 1,100 crore, targeted for March 2027 — taking the total investment to Rs 2,300 crore.
German Green Steel IPO opens for subscription: GMP indicates 20% potential listing gain. Should you subscribe?
German Green Steel’s Rs 303.90 crore IPO opened for subscription today, September 25, and will remain open until September 29. The book-built issue comprises a fresh issue worth Rs 290 crore and an OFS of Rs 13.90 crore. The IPO is commanding a 20% premium in the grey market, signalling strong listing expectations.
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.
Orenda Group announces Rs 100 crore Media Growth Fund with a slate of three international films
Orenda Group has joined Manasi Parekh, Parthiv Gohil and Rashaana Shah to announce a ₹100-crore Alternative Investment Fund focused on India’s media and entertainment sector. The four-year Orenda Media Growth Fund plans to invest across films, media start-ups, original IP and media-tech ventures.
Reliance shares are down 17% despite soaring refining margins. What the market is missing
Despite strong refining and petrochemical margins, Reliance shares have experienced a dip as the market focuses on long-term growth potential. Investors are keenly anticipating signs of recovery in Reliance Retail and progress in New Energy initiatives. A significant concern remains the company's capability to generate free cash flow, with analysts indicating that the stock's valuation is closely tied to its future business performance.
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.
Reliance, Adani, Welspun announce major investments at Vibrant Gujarat Regional Conference
Leading industrialists have announced significant investment commitments in Gujarat. Reliance Industries will invest Rs 7 lakh crore over five years, focusing on green energy and technology. Adani Group plans Rs 1.50 lakh crore in Mundra for energy projects. Other companies will also invest in manufacturing and skill development.
Reliance Industries chairman Mukesh Ambani pledges Rs 7 lakh cr investment in next 5 yrs at Vibrant Gujarat Regional summit
Reliance Industries Chairman Mukesh Ambani announced a massive Rs 7 lakh crore investment over the next five years at the Vibrant Gujarat Regional Conference. He outlined five key commitments, including building India's largest AI-ready data center in Jamnagar and transforming Kutch into a global clean energy hub, aiming for global leadership in green energy and materials.
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.
Murae Organisor board approves share split, to invest around Rs 25 crore in agri venture
Murae Organisor's board has approved a 1:2 stock split, setting June 11 as the record date. The company is strategically diversifying into the agro-industrial sector with a Rs 20-25 crore investment in Kutch, Gujarat, for pomegranate cultivation and a distillery. The company experienced a significant surge in revenue and net profit for FY 2025.
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.
There were conspiracies to defame Gujarat, stop investment: PM Modi
PM Modi said, "There were conspiracies to defame Gujarat in the country and the world. Repeated attempts were made to stop investment coming to the state, but the state chose a new path of progress."
NTPC plans 5,000-mw ultra-mega solar plant in Kutch worth Rs 20,000 crore investment
Further, he said NTPC is also planning to tie up with municipalities to produce electricity from solid waste.
How Gulf of Kutch is attracting huge investments from India's corporate giants
The two districts of Jamnagar and Kutch are drawing massive investments because of the gulf's strategic location which opens up key export markets.
Post-quake, Kutch hobby develops into fine art
Kutch, one of the largest districts of India, has fundamentally changed post 2001 earthquake, as it has got greater access and integration with the markets.
RIL to foray into cement sector
Mukesh Ambani-led Reliance Industries will foray into cement sector. The company signed an agreement to invest in a 5-million-tonne cement project that would come up in Kutch district of Gujarat.
GMDC to invest Rs 200 crore in solar project
Corporation to commission 60 MW windfarm project in October end. Sources say that the 10 MW solar project will be set up in Kutch.
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