Adani's $ 2 billion copper plant to go on stream in March , to cut import

Full-scale oepratio of 1 million tonnes capacity is slated to start by FY29 (March 2029), two sources with knowledge of the matter said.

NEW DELHI: Billionaire Gautam Adani-led group is building the world's largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India's dependence on imports and aid energy transition, sources said.

The $1.2-billion facility will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029), two sources with knowledge of the matter said.

India joins China and other nations that are rapidly expanding production of copper, a metal crucial for transition away from fossil fuels. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper.

Adani's $ 2 billion copper plant to go on stream in March , to cut import

Myfin Desk

Summary

Full-scale oepratio of 1 million tonnes capacity is slated to start by FY29 (March 2029), two sources with knowledge of the matter said.