Why ADANI is Building WORLDS LARGEST Copper Plant || तांबे का सबसे बड़ा प्लांट

#Adani #indianeconomy #economicgrowth

In a groundbreaking development, the Gautam Adani-led Adani Group has inked contracts to procure 1.6 million tons annually of copper concentrate for its upcoming Mundra facility, touted to be the world's largest single-location smelter for industrial metal. As confirmed by Adani Natural Resources CEO Vinay Prakash, the facility's initial 500,000 tons capacity is set to kick off next month, with plans to expand to 1 million tons by March 2029, aligning with India's burgeoning copper demands. This strategic move underscores Adani's pursuit of resource security in critical minerals and renewed capital expenditure, aiming for a low-cost production model with enhanced metal recovery to stay competitive. The $1.2 billion Mundra plant, nestled in Gujarat, aims to slash India's import dependence while bolstering the nation's energy transition efforts. Additionally, Adani Enterprises Ltd's subsidiary, Kutch Copper Ltd, is spearheading a greenfield copper refinery project, marking another milestone towards self-reliance. Join us as we delve into this transformative venture poised to reshape India's copper landscape and bolster its industrial prowess. Subscribe for more updates on game-changing initiatives shaping our world.

Billionaire Gautam Adani-led Adani Group has signed contracts to buy 1.6 million tons a year of copper concentrate for the Mundra facility that is set to start operations next month. According to a report in Bloomberg, the facility’s – world’s largest single-location smelter for industrial metal – first 500,000 tons of capacity will be started next month, confirmed Adani Natural Resources CEO Vinay Prakash. That will eventually be expanded to 1 million tons by March 2029 in order to meet the projected demands for Indian copper by the end of the decade. As per the report, the conglomerate is now seeking resource security in critical minerals and resuming capital expenditure. Prakash told the news site that the Mundra plant will be a low-cost producer with higher metal recovery that will enable them to remain competitive in the market. The concentrate deals are a mix of short and long-term arrangements, he said. The $1.2 billion Mundra facility located in Gujarat is expected to reduce India's reliance on imports and support energy transition. The plant is projected to achieve a full-scale capacity of 1 million tonnes by FY29. Kutch Copper Ltd, an Adani Enterprises Ltd subsidiary, is establishing a greenfield copper refinery project for the production of refined copper. The first phase achieved financial closure in June 2022 through a syndicated club loan

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