Adani begins Operation of the Copper Unit at Mundra

Tags: Science and Technology

The first phase of the world's largest copper manufacturing plant in Mundra, Gujarat was launched by the Adani-led group. The company plans to invest $1.2 billion in this phase.

An Overview of the News

Kutch Copper Operations:

• Kutch Copper, a subsidiary of Adani Enterprises Limited, commenced operations of its greenfield copper refinery, marking the shipment of the inaugural batch of cathode.

• Production Capacity and Expansion Plans:

• The plant is estimated to produce 0.5 million tonnes of refined copper annually in its initial phase, with plans to expand to a capacity of 1 million tonnes by March 2029.

• Upon completion of its second phase, Kutch Copper aims to become the world's largest single-location custom smelter with an annual production target of 1 million tonnes.

ESG Commitment:

• The company pledges to maintain high ESG (Environmental, Social and Governance) performance standards by leveraging advanced technology and digitalization.

Role in India's clean energy transition:

• Increased copper production supports India's transition to clean energy, facilitating the development of technologies for electric vehicles, solar power, wind power and batteries.

Job Creation and Domestic Demand:

• The expansion of copper production is expected to create 2,000 direct and 5,000 indirect employment opportunities and meet India's target of doubling copper demand by 2030.

Diversification and Industry Demand:

• Catering to the growing demand for copper in various industries, Kutch Copper has expanded its offering to include copper tubes for air conditioning and refrigeration.

Reduction in Import Dependence:

• Domestic copper production aims to reduce India's dependence on imported copper, which has increased steadily in recent years.

Stability Practice:

• Kutch Copper prioritizes sustainability by using technology with minimal carbon footprint, allocating green space within the plant area and implementing eco-friendly water management practices.

Industry Scenario:

• Vedanta Ltd is looking to reopen a plant in Tuticorin, Tamil Nadu, while Hindalco Industries Ltd currently operates the largest copper smelter in India with a capacity of 0.5 million tonnes.

Global Production Dynamics:

• Globally, copper production is concentrated, with Chile and Peru being the top producers, collectively accounting for 38% of global production.