Adani’s Kutch copper smelter, strategically located in Mundra town of Gujarat, is one of the world’s largest single-location plants of its kind, having capacity of 500,000 tonnes.
Apr 3, 2025
The National Copper Corporation of Chile (Codelco) has signed an agreement with India’s Adani Group, for the supply of metal concentrate to the latter’s USD 1.2 billion copper smelter, a single-location plant of its kind, located in Kutch, Gujarat.
Chile’s state-owned Codelco, one of the largest copper mining companies across the globe, said the shipments would begin in 2025. It said the deal was finalized during the meeting of Codelco Chairman Máximo Pacheco and Adani Group Chairman Gautam Adani at the conglomerate’s headquarters in Ahmedabad.
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As per reports, Adani’s Kutch copper smelter, strategically located in Mundra town of Gujarat, is one of the world’s largest single-location plants of its kind. It is set to commence operations in the coming weeks. In the initial phase, the smelter will have a capacity of 500,000 tonnes, which will stabilize within the next two to three quarters.
Adani Group plans to double the production capacity to one million tonnes. The expansion will require an estimated investment of USD 700-800 million, bringing the total cost of the smelter to around USD 2 billion.
The smelter will initially source its copper concentrate from Latin American countries, such as Chile. Efforts are underway to explore additional supply channels from Australia and Africa to diversify its raw material base.
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Adani Group will utilize nearly 40 percent of the copper produced in the facility in sectors such as renewable energy and transmission. Copper will also play a crucial role in the group’s growing wires and cables business.
The second phase of the facility, projected to further increase the output, is likely to be funded through cash flows generated from initial operations. The expansion, however, is not expected to be finalized before fiscal year 2027.
