- Adani Group signs contracts for 1.6M tons of copper concentrate for Mundra smelter set to begin operations.
- Mundra facility, world’s largest single-location smelter, to start with 500,000 tons capacity next month.
- Adani aims to reduce India’s reliance on imports, achieve full-scale capacity of 1M tons by FY29.
The Adani Group, led by billionaire Gautam Adani, solidifies preparations for the launch of its Mundra copper smelter by securing contracts for 1.6 million tons of copper concentrate annually. Set to commence operations next month, the Mundra facility, touted as the world’s largest single-location smelter for industrial metal, will initially operate with a capacity of 500,000 tons, with plans for expansion to 1 million tons by March 2029 to meet India’s projected copper demands by the end of the decade.
With a strategic focus on resource security and capital expenditure resumption, Adani Group’s Mundra plant aims to be a low-cost producer with enhanced metal recovery capabilities to ensure competitiveness in the market. The concentrate procurement agreements encompass a mix of short and long-term arrangements, highlighting the conglomerate’s commitment to sustainability and market stability.
The $1.2 billion Mundra facility, situated in Gujarat, holds significant implications for India’s industrial landscape, poised to mitigate import dependence and support the nation’s transition towards sustainable energy. Additionally, Adani Group’s subsidiary, Kutch Copper Ltd, progresses on a greenfield copper refinery project, further bolstering India’s self-reliance in copper production. As India targets an ambitious growth trajectory in clean energy adoption and electric vehicle penetration, Adani Group endeavors to position itself as a global leader in the copper business, aiming to establish the world’s largest copper smelting complex by 2030.
