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Adani Group Makes Huge Investment On Copper Manufacturing in India

This is a highly strategic move taken up by the global conglomerate towards increasing its hold over the material and manufacturing sector and bringing an end to allegations of the Adani scam.

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Adani Group Makes Huge Investment On Copper Manufacturing in India

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  1. Adani Group Makes Huge Investment On Copper Manufacturing in India

  2. The Adani Group, one of the largest and most progressive global conglomerates, is currently working on building the world's largest single-location copper manufacturing plant. This plant will be constructed at Mundra in Gujarat, which is already a remarkable place for various industrial activities for the Adani Group. This is a highly strategic move taken up by the global conglomerate towards increasing its hold over the material and manufacturing sector and bringing an end to allegations of the Adani scam.

  3. An overview of the project Kutch Copper Limited, a subsidiary of Adani Enterprises, a flagship company of the Adani Group, is currently working on setting up the greenfield copper refinery project, which will have a full scale capacity of 1 million tonnes. The construction will take place in two different phases. With this move, India has finally joined the league with China and other nations currently working on increasing their production of copper.

  4. The need for building a copper manufacturing unit in India When it comes to industry, copper is a crucial metal. Utilising copper will aid nations in their shift away from fossil fuels. Copper must be actively used in a number of energy-transition-related technologies, including wind turbines, electric cars, photovoltaic solar panels, batteries, and charging infrastructure.

  5. Adani's plans for the future The Adani Group is on its journey towards becoming one of the global leaders in the copper business. It is already leveraging its extraordinary positions in renewable energy, logistics, resources management, power and infrastructure sectors to extend its influence over the copper business. The Group is currently expanding into adjacent areas of current capabilities, and the copper business is a strategic fit.

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