Adani Group Targets $5-Billion Entry into Metals, Eyes Rivalry with Industry Giants

The Adani Group, following its cement sector entry, plans to invest $5 billion into the metals industry over the next three to five years. The company aims to compete with heavyweights like Vedanta, Hindalco, and Tata Group, with $2 billion allocated for copper production and the remaining $3 billion directed towards mining, refining, and producing iron, steel, and aluminum. This strategic move would place Adani as a key player in India's metals landscape. Moneycontrol reports that the investment could reshape market dynamics, though the report is unverified.

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