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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Kumar Mangalam Birla-owned Hindalco faces its most serious challenge yet from Gautam Adani’s Kutch Copper. Neither side is willing to cede ground in a battle royal seen as a plus for copper-starved India.
Two of India's richest industrialists have a new battleground: copper.
By March, Gautam Adani's Kutch Copper—a subsidiary of his flagship Adani Enterprises—will complete setting up its $1.2 billion greenfield copper smelter in the port city of Mundra, Gujarat. With this, Adani would have an annual capacity to refine 500,000 tonnes of copper, with plans to double that by 2028-29. In all, Adani has earmarked about $2 billion for the copper business.
It would mark a pivotal moment for Adani's foray into metals, a sector where he is moving at breakneck speed. In just four years (since incorporating Kutch Copper), Adani …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
