Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL) will commence operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029).

The $1.2-billion facility will help cut India's dependence on imports of the third most used industrial metal after steel and aluminium whose demand is rising on the back of fast-growing renewable energy, telecom and electric vehicle industries.

"Adani wants to become a global leader in the copper business, leveraging the Adani Group's strong position in resource trading, logistics, renewable power, and infrastructure," reports said.

"Kutch Copper will be one of the most efficient copper smelters in India, with lower greenhouse gas emissions. Adani is striving to increase the share of renewables in the overall energy mix in our quest to be a proponent of 'green copper'," the report added.