Taking forward its business expansion, Adani Group on Thursday announced that the Group has started operations of its first copper plant in Mundra, Gujarat. Adani Enterprises is setting up a 10 lakh tonne capacity plant in two phases. About $1.2 billion will be invested in the first phase. This marks the debut of Adani Group in the metal industry. According to the language news, the company said that the successful progress of the greenfield unit reflects the group’s ability to plan and execute large-scale projects.
India towards a sustainable and self-reliant future
According to the news, Adani Group Chairman Gautam Adani said that with the start of operation of Kutch Copper (copper plant), Adani Group is not only entering the metal sector, but is also taking India towards a sustainable and self-reliant future. Is. He said that our pace of completing this ambitious, mega-sized project underlines our commitment to make India a leader in the global copper sector. We believe that the domestic copper industry will play a vital role in achieving our country’s goal of carbon neutrality by 2070 by strengthening our green infrastructure with mature environmental management.
Plant will set new standards in copper production
Adani further said that once the plant becomes operational, our modern smelter will set new standards in copper production, with greater emphasis on new green technologies. Kutch Copper Phase II, upon completion, will be the world’s largest single-location ‘custom smelter’, with a capacity of 1 million tonnes per annum. This will create 2,000 direct and 5,000 indirect employment opportunities. Let us tell you, the group has planned to invest more than Rs 1.2 lakh crore (about US $ 14 billion) in its business spanning ports, energy, airports, commodities, cement and media sectors in the next financial year starting from April 1. is planned.
Latest Business News