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Business segment performance review

Adani New Industries Limited

Copper Business

Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Limited, has developed a greenfield custom copper smelting and refining complex. The plant has an annual capacity of 0.5 million tonnes with plans to scale it up to 1 million tonnes. As a part of the Adani Group, this endeavour in Mundra is poised to be a pivotal player in advancing green energy infrastructure.

The facility will produce copper finished products, precious metals and associated by-products, supporting towards India’s self-reliance in copper metal. Strategically located in Mundra, Gujarat, KCL benefits from seamless connectivity via sea, road, and rail, ensuring an efficient supply chain. Equipped with state-of-the-art technology, KCL’s manufacturing facility upholds the highest environmental and safety standards while optimising the value of by-products and minimising costs. KCL has commenced operations and is ramping up cathode and rod sales. KCL has successfully obtained

BIS certification for cathodes and continuous cast rods, and our labs are NABL-certified for gold and silver products.

Production Capacity

500 KTPA Refined Copper

25 TPA Gold

250 KTPA Copper Rods

250 TPA Silver

1,500 KTPA Sulphuric Acid

150 TPA Selenium

Segment Overview

Our Copper business offering includes cathode, continuous cast rods, sulphuric acid, precious metals including gold, silver & selenium, and industrial gases.

Sustainability Performance

KCL follows a strong ESG-driven approach, integrating advanced pollution control systems, sustainability measures, and a Zero Liquid Discharge (ZLD) framework to minimise its environmental footprint. Using RO technology, the facility recycles and reuses water, ensuring efficient resource conservation. An ESG Committee oversees sustainability initiatives, ensuring benchmarking with global ESG best practices.

KCL has implemented an Integrated Management System (IMS) for cathodes including ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), and ISO 45001:2018 (Occupational Health & Safety), reinforcing its commitment to operational excellence, environmental stewardship, and workplace safety. We are also planning to increase the share of renewable energy in our processes to minimise the carbon footprint, striving towards our commitment to produce ‘Green Copper’.

Copper Tubes

As a part of our copper downstream expansion strategy, we have commissioned Copper Tubes manufacturing facility with 30 KTPA Inner Grooved Tubes & Plain Tubes Capacity under Kutch Copper Tubes Limited (KCTL) to expand our copper portfolio offerings with high quality copper-based solutions, catering to critical needs of HVACR (heating, ventilation, air conditioning, and refrigeration) industry. Our product offerings include Plain Tubes & Inner Grooved Tubes, primarily catering to air conditioning & refrigeration applications. We have also received BIS certification for Copper Tubes.

Business Opportunities

Over the past two decades, India’s refined copper consumption has tripled, driven by growth in electrical and electronic products, construction, industrial machinery and equipment, transportation equipment, and consumer products. Despite record-low TC/RCs and limited copper concentrate supply straining the global copper industry, India’s double-digit demand growth presents a significant opportunity to expand operations and ramp up the business.

Business Edge
  • Design Competitiveness: The proposed 0.5 million tonnes p.a. plant is designed for optimal operating efficiency with the plans to expand up to 1 million tonnes p.a
  • Talented Team: KCL’s robust project management and execution teams are responsible for overseeing the project's lifecycle from conceptualisation to commissioning
  • Strong Parentage: Backed by Adani Portfolio of Companies, renowned for incubating successful ventures and developing top-tier infrastructure, KCL will leverage the Group's infrastructure catalysts, including ports, power, water, and logistics

Outlook

Leveraging the Adani Group's robust infrastructure portfolio and recognising the country’s status as a net importer of copper, our copper business is set to play a pivotal role in shaping the future of India’s copper sector. We aim to establish one of the world's largest single-location custom smelter complex of 1 million tonnes p.a. capacity, enabled by cutting-edge technology and the Group's expertise in project management, resource trading and energy infrastructure. With India’s per capita copper consumption significantly below the global average, KCL is strategically positioned to bridge this gap. The Copper Tubes market is predominantly an import-driven market. Almost close to three-fourths of the total annual domestic demand is met by imports. The demand for copper tubes is increasing, driven by the growth of construction, HVACR (heating, ventilation, air conditioning, and refrigeration) and technological advancements in manufacturing. KCTL is poised to serve the increasing demands of customers, promoting India’s self-reliance on in-house tubes manufacturing. We are also actively striving to evaluate an expansion plan to increase our capacity.