Gautam Adani’s conglomerate is about to step into a new business venture: India’s copper industry, boasting half a million tonnes of refining capacity slated for March next year. Although the incremental capacity doubles India’s last year’s production, industry executives suggest that Adani poses less of a threat to the incumbents and more to those exporting to India. “The new capacity of Kutch Copper is expected to reshape trade dynamics,” said Miren Lodha, director-research, CRISIL Market Intelligence and Analytics.
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