Construction Industry News
Adani Group plans to invest Rs 4 lakh crore over the next six years in ongoing and new projects in the Mundra region of Gujarat’s Kutch district. The funding will be used for expanding port facilities, constructing a new berth for copper ore handling, establishing a copper smelter plant, and developing a green hydrogen project and renewable energy resources. This significant investment marks a major step in enhancing the region’s industrial capacity, underlining Adani Group’s commitment to renewable energy and sustainable development.
The Group is also constructing a very large crude carrier (VLCC) berth, which is planned for commissioning by the year-end or by March quarter. The crude is being handled at the single buoy mooring for Indian Oil Corporation and HPCL-Mittal Energy (HMEL), in the outer anchorage about 8.6 km from the port. From there, the cargo passes through the seabed pipeline to the storage tanks. The new VLCC berth is for Hindustan Petroleum Corporation which will bring crude oil for its plant in Rajasthan.
Post expansion, the port’s handling capacity is expected to double, and 35,000 people will be required to run the port from the current 25,000. A new berth for handling copper ore is planned, while construction of the copper smelter plant is ongoing, with commissioning expected by the next financial year.
Moreover, Kutch Copper (KCL), a subsidiary of Adani Enterprises (AEL), is setting up a greenfield copper refinery project at Mundra, with one million tpa capacity in two phases. The overall cost in the project is Rs 8,700 crore with production likely to start during the next financial year. For the phase one comprising a capacity of 0.5 million tpa, KCL has achieved financial closure.
Meanwhile, work on the petrochemical park has already started, with a completion deadline of five years.
Total investments made by the Adani Group at the Mundra location has been more than Rs 70,000 crore. The port completed 25 years on 6 October, 2023.
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