Gautam Adani, Chairman of the Adani Group and India’s second-richest individual, is setting the stage for a significant transformation in India’s metal industry. With an ambitious investment of Rs 42,000 crore (approximately $5 billion), Adani aims to position his group as a major player in a sector currently dominated by legacy giants like Tata, Vedanta, and the Aditya Birla Group.
This strategic move marks Adani’s aggressive expansion into mining, refining, and production of metals such as copper, iron, steel, and aluminum. Of the total investment, nearly $2 billion will be focused on copper alone—signaling a strong intent to compete directly with leaders like Hindalco and Vedanta. The project is expected to unfold over the next three to five years.
Additionally, the group is reportedly planning to set up a new alumina refinery under its subsidiary, Mundra Aluminium Limited. This expansion aligns with Adani’s broader vision of vertical integration and securing critical raw materials for his green energy and infrastructure ventures.
Following his bold entry into the cement sector through acquisitions of Ambuja Cements and ACC, this foray into metals underscores Adani’s drive to diversify and dominate strategic industries.