Adani Enterprises Subsidiary Kutch Copper Forms Joint Venture for Metal and Cable Manufacturing

Adani Enterprises Ltd announced on Wednesday (March 19, 2025) that its wholly-owned subsidiary, Kutch Copper Limited (KCL), has established a joint venture company, Praneetha Ecocables Limited (PEL), in collaboration with Praneetha Ventures Private Limited.

Joint Venture Details

Kutch Copper Limited will hold a 50% equity stake in Praneetha Ecocables Limited, which will focus on the manufacturing, marketing, and distribution of metal products, cables, and wires. The joint venture was officially incorporated on March 19, 2025.

As per regulatory filings, PEL has an authorised and paid-up capital of ₹10 lakh, divided into 1,00,000 equity shares of ₹10 each. The company has been registered with the Registrar of Companies in Ahmedabad.

Strategic Expansion in Metal and Cable Industry

The formation of Praneetha Ecocables Limited is in line with Kutch Copper Limited’s strategy to expand its presence in the metal and cable manufacturing sector. By leveraging the expertise of both partners, the joint venture aims to cater to the growing demand for high-quality metal-based products and electrical solutions in India.

This move marks another step in Adani Enterprises’ broader industrial expansion strategy, further strengthening its footprint in the manufacturing and infrastructure sectors.

Stock Performance 

On March 20, 2025, Adani Enterprises share price traded 0.43% lower at ₹2,311.10 at 9:55 AM (IST). Adani Enterprises’ share price reached a 52-week high of ₹3,743, and a 52-week low of ₹2,026.90. As per BSE, the total traded volume for the stock stood at 0.21 lakh shares with a turnover of ₹4.98 crores.

At the current price, Adani Enterprises shares are trading at a price-to-earnings (P/E) ratio of 105.07x, based on its trailing 12-month earnings per share (EPS) of ₹22.02, and a price-to-book (P/B) ratio of 15.07, according to exchange data.

Conclusion

Adani’s Kutch Copper Limited and Praneetha Ventures formed Praneetha Ecocables Limited to manufacture and market metal products, cables, and wires. Incorporated on March 19, 2025, with ₹10 lakh capital, the joint venture aligns with Kutch Copper’s expansion strategy, enhancing its presence in the metal and cable industry while strengthening Adani Enterprises’ footprint in manufacturing and infrastructure.

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