Adani Group’s ‘Kutch Copper’ starts production: The company will produce 10 lakh tonnes of copper every year; 7,000 people will get employment

Adani Group company ‘Kutch Copper’ has started production in the Greenfield Copper Refinery Project located in Mundra. The company has also sent the first batch of cathode from this refinery to the customers. With this the group has also taken its first step in the metal industry.

Adani Group has invested 1.2 billion dollars (about Rs 10,008 crore) in this plant. This copper smelting plant is to be completed in two phases, in the first phase of which there will be an annual production of 5 lakh tonnes of copper.

The world’s largest metal smelter located in a single location

Meanwhile, in the second phase, another plant with the same capacity (5 lakh tonnes per annum) will be built. That means, with a total annual production of 1 million tonnes, it will be the world’s largest metal smelter located in a single location.

The company has given this information in its exchange filing today i.e. Thursday, March 28. Kutch Copper said that this will open options for 2,000 direct and 5,000 indirect jobs.

India imports 90% of its copper needs.

India has joined the list of China and other countries by rapidly increasing its copper production capacity. India imports 90% of its copper needs from South America and many other countries.

40% copper consumption in infrastructure and construction industry

In 2023, India had purchased about 13 lakh tonnes of copper from outside, this year it is expected to increase to 20 lakh tonnes. According to rating agency ICRA, the infrastructure and construction industry uses about 40% copper. At the same time, 11% to 13% copper is used in automobiles and customer durables.

‘Kutch Copper’ working on making copper tubes

The company is also working on setting up Kutch Copper Tube Limited. The company will produce copper tubes for electric appliances from here.