Business EconomyPosted at: Jul 7 2026 8:10PM


Adani Copper gets London Metal Exchange certification

Mumbai, Jul 7(UNI) Adani Enterprises Ltd-owned subsidiary company Kutch Copper Limited (KCL) officially announced here on Tuesday that it has earned London Metal Exchange (LME) certification for ‘Adani Copper’, an official statement issued by the company said.
“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,” according to the statement.
LME's 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 Adani Group’s entry into the metals sector and its emergence as a globally competitive producer of refined copper.
Commenting on the development, Adani Enterprises CEO, Natural Resources, and Kutch Copper Ltd Managing Director Dr Vinay Prakash said, “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”.
According to the company statement, 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 Adani Copper cathodes to be placed on warrant in LME-approved warehouses, strengthening financing flexibility as LME-listed metal is recognised as a highly liquid asset which 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 statement mentioned.
The $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, the Adani Group statement stated.
UNI BA RN
Please log in to get detailed story.
Tags: #Adani Copper gets London Metal Exchange certification
More News

Market valuation of five of top-10 most valued firms spikes by Rs 1 54 lakh crore

19 Jul 2026 | 12:09 PM

New Delhi, Jul 19 (UNI) In a week, the market valuation of five of the top-10 most valued firms jumped Rs 1.54 trillion. IT major TCS emerged as the biggest winner, in line with a positive trend in equities. TCS added Rs 72,072.3 crore, taking its market valuation to Rs 8,20,672.70 crore.

see more..

AP: India's largest fashion destination, 'TRENDS' opens store

18 Jul 2026 | 8:14 PM

Guntur, July 18 (UNI) India's largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, launched its 7th new Store in Amaravati Road at Guntur in Andhra Pradesh.

see more..

Revanth Reddy announces land for FICCI, reaffirms push for women-led entrepreneurship

18 Jul 2026 | 6:58 PM

Hyderabad, July 18 (UNI) Telangana Chief Minister A Revanth Reddy on Saturday reiterated his government's commitment to women-led development, announcing the allocation of 1,000 square yards of land near Shilparamam in Hitech City for the Federation of Indian Chambers of Commerce and Industry (FICCI) to establish its headquarters and one acre in Bharat Future City to make the organisation a partner in the State's flagship development project.

see more..

Kotak dismisses margin pressure concerns after 26 pc Q1 profit jump

18 Jul 2026 | 5:43 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank on Saturday sought to allay investor concerns over the quality of its June-quarter earnings after reporting a 26 per cent rise in standalone net profit to ₹4,123 crore, saying its net interest margins (NIM) had stabilised following the Reserve Bank of India's repo rate cycle and that earnings were driven by underlying operating strength rather than merely lower provisioning.

see more..

Kotak Mahindra Bank Q1 profit rises 26 pc as NPAs fall

18 Jul 2026 | 4:17 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank reported a strong start to the financial year with a 26 per cent jump in standalone net profit to ₹4,123 crore in the first quarter of FY27, supported by robust credit growth, higher deposits and a sharp improvement in asset quality.

see more..