Adani commences phase-1 operations at $1.2-billion copper plant in Mundra

Daily Current Affairs / Adani commences phase-1 operations at $1.2-billion copper plant in Mundra

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Category : Business and economics Published on: April 02 2024

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Adani Group launches the first phase of the world's largest copper manufacturing plant in Mundra, Gujarat, with Kutch Copper as its subsidiary, aiming to reduce India's reliance on imported copper.
The facility, set to produce 0.5 million tonnes of refined copper per year initially, will scale up to 1 million tonnes annually by March 2029, positioning Kutch Copper as the world's largest single-location custom smelter.
India's focus on increasing copper production aligns with its transition to clean energy, driving demand for copper in technologies like electric vehicles, renewable energy systems, and telecommunications, creating significant employment opportunities and contributing to carbon neutrality goals.