Adani Enterprises Limited (AEL) has successfully acquired a 100% stake in Gidhmuri Paturia Collieries Private Limited (GPCPL), purchasing a 26% equity stake from Sainik Mining and Allied Services. The transaction involves the purchase of 2,600 equity shares, each with a face value of Rs 10 ($0.12), amounting to a total cost of Rs 26,000 ($304). Following this acquisition, GPCPL has become a wholly-owned subsidiary of AEL.

GPCPL, originally founded in March 2019 as a joint venture between Adani Enterprises and Sainik Mining and Allied Services, was established to focus on mining operations in Chhattisgarh, a mineral-rich state in India. Prior to this acquisition, AEL held a 74% stake in GPCPL, while Sainik Mining retained the remaining 26%. Despite the acquisition, GPCPL reported no turnover for the fiscal year 2023-24.

The acquisition of the additional 26% equity stake is part of Adani Enterprises' broader strategy to expand its presence in the mining sector, particularly in coal and other minerals. GPCPL is involved in the development and operation of coal mines, which are vital to India's energy sector, as coal remains the dominant fuel for electricity generation in the country. This acquisition allows AEL to consolidate its position in this high-potential sector, giving it full control over GPCPL’s operations and future growth.

In a related development, Adani Enterprises has also been making significant strides in the metals sector. In March 2024, AEL’s subsidiary, Kutch Copper, commissioned the first phase of its $1.2 billion copper manufacturing plant in Mundra, Gujarat. This ambitious project aims to scale the plant to a full capacity of 1 million tonnes (Mt) per annum by FY29, positioning Kutch Copper to become the world’s largest single-location custom smelter upon reaching full capacity.

The copper project is not only expected to boost AEL's industrial footprint but also play a crucial role in addressing India’s refined copper supply gap. India currently produces approximately 555,000 tonnes per annum (tpa) of refined copper, which falls short of the national demand exceeding 750,000 tpa. With the expansion of its copper smelting facility, AEL aims to reduce India’s reliance on imported refined copper.

Furthermore, the Kutch Copper facility is expected to generate significant employment opportunities, creating 2,000 direct jobs and an estimated 5,000 indirect jobs, contributing to the local economy and supporting India’s manufacturing ambitions.

These developments are part of Adani Enterprises' broader goal to diversify its business portfolio and strengthen its position across several high-growth sectors, including mining, energy, and metals.