Adani Gears Up for Gigaproject: ₹10,000 Crore Mega Copper Refinery Planned in Mundra

Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Limited (AEL), is embarking on a monumental endeavor with its Mega Copper Refinery Project in Mundra, Gujarat. With a staggering investment of ₹10,000 crores (US$12.03 billion approx.), this project is set to revolutionize India's copper industry landscape.

The refinery, boasting a production capacity of 300,000 tonnes per annum (TPA), marks a significant step towards reducing India's reliance on imported copper. Its strategic location at Mundra Port offers logistical advantages for efficient import of copper concentrate and export of finished products.

Being a greenfield project, the refinery will be constructed in two phases. Phase 1, slated for completion by March 2024, will have a capacity of 0.5 million TPA. The subsequent Phase 2 aims to double the capacity, ultimately reaching the target of 3 million TPA.

The integration with the Adani Group provides added strength to the project, leveraging the conglomerate's expertise in resource trading, logistics, and renewable power. This synergy is poised to create a vertically integrated copper production chain, ensuring efficiency and sustainability.

Beyond its economic significance, the Mega Copper Refinery Project promises to invigorate various manufacturing sectors dependent on copper. From electrical equipment to construction and automobiles, the increased domestic availability of copper will catalyze growth and innovation.

Moreover, the project is expected to generate substantial employment opportunities, both during the construction phase and upon operationalization. Additionally, it holds the potential to spur infrastructure development in the Mundra region, further enhancing the area's industrial ecosystem.

News by Rahul Yelligetti