Adani Copper Secures LME Certification, Elevating India’s Role in Global Energy Transition

Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Ltd (AEL), has earned London Metal Exchange (LME) certification for 'Adani Copper'. Approval by the world centre for the trading of industrial metals validates KCL's manufacturing excellence and responsible sourcing practices against strict global benchmarks, enabling Adani Copper cathodes to be delivered with warrants eligible for issuance against LME Copper futures contracts from July 10, 2026.

For the Adani Group, LME listing of Adani Copper as a Good Delivery brand for 'Copper Grade A' contracts places the brand alongside the world's leading copper brands, conferring international recognition and market credibility on the Group's entry into the metals sector and its emergence as a globally competitive producer of refined copper.

"Copper is the backbone of the global energy transition. Achieving LME brand status places Adani among the world's leading copper producers and strengthens India's role in building a resilient, responsible supply chain for this vital metal. Kutch Copper's world-class infrastructure and ESG standards make this recognition both timely and well deserved. It will enhance the global acceptance of Adani Copper. Apart from reinforcing India's growing stature in the international metals industry, the registration is a landmark step towards self-reliance in refined copper," said Dr. Vinay Prakash, CEO – Natural Resources, Adani Enterprises, and Managing Director, Kutch Copper Limited.

An LME-brand certification is a rigorous process involving superior quality assurances — covering chemical composition, shape and weight — alongside strict responsible sourcing protocols. The LME listing enables eligible Adani Copper cathodes to be placed on warrant in LME-approved warehouses, strengthening financing flexibility as LME-listed metal is recognised as high liquid asset that can be used as collateral. For the LME, the addition of Adani Copper broadens the exchange's deliverable base with high-quality cathode from a major new production hub, deepening the liquidity and geographic diversity of the global copper market.

The USD 1.2 billion Kutch Copper facility with production capacity of 0.5 million tonnes — one of the world's largest single-location custom copper smelting complexes, designed with state-of-the-art technology, advanced process automation, and sustainability-led design principles embedded across operations — strengthens domestic supply, reduces the nation's dependence on imported copper, and advances India's 'Aatmanirbhar Bharat' ambitions in a metal central to electrification, renewable energy and the energy transition.

About Kutch Copper Limited

Kutch Copper Limited (KCL) is a wholly owned subsidiary of Adani Enterprises Limited and a part of the metals and mining portfolio of the Group. With an annual production capacity of 0.5 million tonnes, the company manufactures high-quality copper Grade A cathodes and other value-added products to serve domestic and international markets. For more information, please visit: https://www.adanimetals.com/

About Adani Enterprises Ltd (AEL)

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed to make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades.

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industries like copper and petrochem - all of which have significant scope for value unlocking.

Adani to Start Operations at India's Largest Copper Smelter Within a Month

Adani Enterprises is gearing up to start operations at its Kutch Copper smelter within the next four weeks. This facility, located in Mundra, Gujarat, is set to be India’s largest copper smelter, refining copper concentrate as part of its first phase. The commissioning process began a month ago, with the production of the first anodes already underway.

At a conference hosted by the International Copper Association in Santiago, Chile, Felipe Williams Ossa, Head of Metals at Adani Enterprises, said, "In the next four weeks, we're starting the largest metallurgical complex of copper and other metals in the world."

The smelter comes at a time when Asian smelters are facing losses due to tight copper supply and negative treatment and refining charges (TC/RCs), which are key revenue sources for smelters. Despite these challenges, Adani sees this as a long-term opportunity to meet India's growing copper demand, especially as the country pushes for industrial expansion and clean energy initiatives.

Once fully operational, the 500,000-tonne unit will be expanded to one million tonnes, with an estimated investment of $700-800 million, bringing the total cost of the facility to around $2 billiom. Around 40% of the copper produced will be used within the Adani Group, primarily for its renewable energy and transmission sectors, as well as its new wires and cables business.

This move is expected to significantly reduce India's copper imports, strengthening the country’s position in the global copper market.

Adani Subsidiary Kutch Copper Completes Formation of JV with Praneetha Ventures

Adani Enterprises' subsidiary, Kutch Copper Limited (KCL), has officially formed a joint venture with Praneetha Ventures Private Limited, named Praneetha Ecocables Limited (PEL).

Registered with the Registrar of Companies in Ahmedabad, the PEL was incorporated on March 19, 2025, and will focus on manufacturing, marketing, and distributing metal products, cables, and wires. Both KCL and Praneetha Ventures hold equal stakes in the venture, with an authorized capital of ₹10 lakh.

The joint venture will specialize in the manufacturing, marketing, and distribution of metal products, cables, and wires.

This move aligns with Kutch Copper's strategy to expand its presence in the metal and cable manufacturing sector. The joint venture is registered with the Registrar of Companies in Ahmedabad.

Both KCL and Praneetha Ventures hold equal stakes in PEL, with an authorized and paid-up capital of ₹10 lakh, divided into 1,00,000 equity shares of ₹10 each.

Earlier in January this year, Kutch Copper joined the International Copper Association (ICA), a not-for-profit trade association representing half the world's copper production, with 33 members across six continents.

Kutch Copper Limited (KCL) is a subsidiary of Adani Enterprises, playing a significant role in India's copper industry. It operates a massive copper complex in Mundra, Gujarat, with an annual capacity of 1 million tonnes, making it the world's largest single-location copper plant. This facility focuses on producing high-quality copper cathodes and rods, along with by-products like gold, silver, and sulfuric acid.

Praneetha Ventures, established in 2020, is a private limited company specializing in consulting services for the trading industry. The company has built a reputation for providing expert guidance and strategic insights to its clients. Recently, it has been diversifying its portfolio by venturing into new business areas, including green manufacturing and sustainable solutions.

This new JV is expected to leverage the strengths of both KCL and Praneetha Ventures, contributing to the growth of the metal and cable industry in India.

Adani Group's Copper Arm Kutch Copper Joins International Copper Association

Kutch Copper Ltd, part of Adani Group has joined the International Copper Association (ICA) as its newest member. Headquartered in Washington, D.C., ICA is a not-for-profit trade association representing half the world's copper production, with 33 members across six continents.

Strategically located in Mundra, Gujarat, Kutch Copper is a fully owned subsidiary of the group’s flagship incubator Adani Enterprises.

Adani Enterprises is investing approximately $1.2 billion to establish a copper smelter with an initial capacity of 0.5 million tons per annum (MTPA) in the first phase. Kutch Copper's state-of-the-art facility will also produce copper cathodes, rods, and other byproducts, significantly contributing to India's goal of becoming self-reliant in copper production.

Dr. Vinay Prakash, Managing Director of Kutch Copper, shared his optimism about joining the ICA. He said, "India is poised to become a significant hub for copper and its products in the coming decades. We believe that Kutch Copper's membership in the ICA will allow us to actively contribute to sustainability initiatives and develop innovative applications and products within the copper sector. We look forward to collaborating with the global copper community to enhance the value chain for this essential metal, which plays a vital role in the transition to net zero."

ICA President and CEO Juan Ignacio Díaz expressed his enthusiasm for the new partnership, stating, "We are delighted to welcome Adani Metals Kutch Copper Ltd. to our community. Their efforts in advancing sustainable and innovative copper production strengthen our collective mission to promote, protect, and defend copper's essential role in enabling the technologies and infrastructures needed for global decarbonization. With their presence, we are particularly excited to support copper's growth in regions where its key applications are expanding."

ICA Chairman of the Board, Glencore's Stephen Rowland, added, "KCL's membership in ICA strengthens our commitment to promoting sustainable practices and developing new applications for copper. We are excited to collaborate with them and support their efforts to drive positive change in the industry."

Upon the successful completion of the second phase, which will add an equivalent capacity, Kutch Copper will achieve a total capacity of 1 MTPA, positioning it as one of the largest single-location custom copper smelters globally. The company is committed to maintaining high environmental, social, and governance (ESG) performance standards while leveraging advanced technology and digitalisation. Kutch Copper is working towards adding copper tubes to its portfolio as part of its forward integration strategy.