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Adani Enterprises' subsidiary, Kutch Copper, initiated operations for its copper refinery project at Mundra, marking Adani's foray into the metal industry. The $1.2 billion investment will set up a 0.5 MTPA copper smelter initially, scaling up to 1 MTPA over two phases, aiming to be the world's largest custom smelter
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition. For Phase-1, capacity of 0.5 million tonnes per annum, Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), has achieved financial closure through a syndicated club loan
The Adani Groups flagship company Adani Enterprises, on Saturday, informed the bourses that it has incorporated a new wholly-owned subsidiary Adani Cement Industries with an authorized share capital of Rs 10 lakh and paid-up capital of Rs 5 lakh.