Breaking News: Adani group to source copper concentrates from Peru, Chile, Australia | Company News – Business Standard
Adani Group (Photo: Bloomberg)
Indian billionaire Gautam Adani's group will source copper concentrates from Peru, Chile and Australia to kick-start its $1.2 billion copper smelter, the world's biggest single-location plant of its type, a top company official said.
Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, expects to start its operations in the next few weeks.
The plant, based in the western city of Mundra in Gujarat state, will have an initial capacity of 500,000 metric tons, and the company will scale it up to 1 million metric tons by 2028/29.
The company is also open to acquiring copper assets in India and overseas, Vinay Prakash, managing director of KCL told Reuters in an interview on Thursday, without giving details.
KCL would imp...