
Business Update28 Mar 2024, 04:19 pm
Adani Enterprises Commences Operations at World's Largest Single-Location Custom Smelter in Mundra
AI Summary
Adani Enterprises' subsidiary, Kutch Copper, commissioned the first unit of its greenfield copper refinery at Mundra. The $1.2 billion project will create 7,000 direct and indirect employment opportunities and will have the lowest carbon footprint in its class upon completion. Adani Enterprises is planning to establish Kutch Copper Tubes Limited for forward integration. The plant uses advanced technology and innovative green methods to minimize ecological impact.
Key Highlights
- Adani Enterprises subsidiary, Kutch Copper, commenced operations at its greenfield copper refinery
- $1.2 billion investment for a copper smelter with 1 MTPA capacity upon completion
- Lowest carbon footprint in its class
- Creating 7,000 direct and indirect jobs
- Establishing Kutch Copper Tubes Limited for forward integration