Kutch Copper, a subsidiary of Adani Enterprises (AEL) on 28 March, 2024 commissioned the first unit of its copper refinery at Mundra in Gujarat. With this, the Adani portfolio of companies has entered into the metals sector as the copper unit starts operations.

AEL is investing nearly USD 1.2 billion to set up a copper smelter with 0.5 mtpa capacity in the first phase. On completion of the second phase that will add similar capacity, Kutch Copper, with one mtpa, will be the world's largest single-location custom smelter, benchmarking ESG performance standards while leveraging technology and digitalisation. Moreover, the project will create 2,000 direct and 5,000 indirect employment opportunities.

The demand for copper will be primarily led by renewable energy, electric vehicles, charging infrastructure, and the development of power transmission and distribution networks.

Meanwhile, Kutch Copper is working towards establishing Kutch Copper Tubes as part of its forward integration strategy to add copper tubes to its portfolio. The tubes will cater to applications in air conditioning and refrigeration. One-third of the plant area has been designated as green belt space, and the plant has implemented a zero-liquid discharge model and uses desalinated water for operations.