Gopalan Enterprises, a real estate developer based in Bangalore, has ventured into the manufacturing sector with the launch of Gopalan Metals (India) Private Ltd, a state-of-the-art copper manufacturing facility located in the Hoskote industrial area. This new venture underscores the company’s commitment to diversification and innovation.
The facility boasts an impressive annual production capacity of 6,000 metric tons, positioning it as a significant player in the copper manufacturing industry. For the fiscal year 2025, Gopalan Metals aims to achieve a projected capacity utilization of 3,000 metric tons, translating to an anticipated revenue of ₹270 crore from both domestic and international markets.
C Prabhakar, Director of Gopalan Enterprises, emphasized the growing importance of copper in modern industries. “India’s copper consumption stands at 1.5 million tons annually and is expected to exceed 2 million tons by 2030. The demand for copper products has surged due to advancements in new-age technology, electrification of transport systems, and the push for renewable energy. Copper is 100 percent recyclable, making it a crucial component for renewable energy technologies. The market demand is bound to continue to surge,” he stated.
Diverse Product Range and Market Applications
Gopalan Metals will manufacture a variety of copper products, including rods, flats, and wires, catering to a broad spectrum of industries such as cable, transformer, automobile, electronics, solar energy, and railways. By the end of 2024, the facility will also commence the production of domestic cables.
Striving for Self-Sufficiency
One of the key goals of Gopalan Metals is to reduce India’s dependence on copper imports and enhance the nation’s self-sufficiency in this critical material. “Currently, India imports nearly 30 percent of its copper requirements. At Gopalan Metals, we are determined to reduce the country’s reliance on copper imports and become more self-sufficient,” Prabhakar added.
The company’s outlook for the copper market remains optimistic despite geopolitical factors contributing to price volatility. Copper continues to be the most cost-effective conductor of electricity and heat, thanks to its malleability and ductility, making it a preferred choice across various industries.
Contributing to Clean Energy Transition
Gopalan Metals aims to play a crucial role in India’s clean energy transition by addressing supply challenges and supporting the renewable energy sector. Copper’s recyclability and efficiency in electrical applications make it an indispensable material in this transition.
In a statement, Gopalan Enterprises highlighted the strategic significance of this new venture. “With the launch of our copper manufacturing unit, we are not only entering a new industry but also contributing to the nation’s industrial growth and sustainability goals.”
This initiative by Gopalan Enterprises marks a significant step towards enhancing the domestic copper supply chain and supporting India’s burgeoning industrial and technological sectors.
