Adani’s Kutch Copper smelter in Gujarat caught up in global ore shortage| Business News

Billionaire Gautam Adani’s $1.2 billion copper smelter in Gujarat is receiving only a fraction of the ore required to operate the 500,000-ton-a-year plant at full capacity, as a global supply squeeze tightens. Adani’s Kutch Copper requires about 1.6 million tons of concentrate to function at full strength. (Reuters) Kutch Copper Ltd., which began processing metal […]

JP Power shares surge 17% as Adani’s bid for Jaypee Group gets lenders’ approval| Business News

Shares of Jaiprakash Power Ventures surged on Wednesday amid reports that Adani Enterprises Ltd. has been chosen to acquire Jaiprakash Associates Ltd. under the insolvency process. Jaiprakash Power Ventures is part of the Jaypee Group led by Manoj Gaur. (HT) JP Power’s share price rose as much as 17.29% to ₹20.69 on the BSE even […]