The other consortium members are Bank of Baroda, Canara Bank, EXIM Bank of India, Indian Bank, Punjab National Bank, and Bank of Maharashtra.
Kutch Copper, a subsidiary of Adani Enterprises, is setting up a greenfield copper refinery project to produce one MTPA (million tonnes per annum) in two phases.
The firm has achieved financial closure of RS 6,071 crore for the first phase.
Phase-1 of the project will have a capacity 0.5 MTPA at Mundra, Gujarat. KCL has signed the financing documents with the consortium led by State Bank of India (SBI).
First Published: Jun 26 2022 | 8:58 PM IST