M&A

M&A

Adani enters into equal JV with Metdist Group for copper tube making

BSE Announcement  

Publicly listed Adani Enterprises Ltd will divest a 50% stake in its wholly-owned subsidiary, Kutch Copper Tubes Ltd , to MetTube Mauritius Private Limited (MetTube), a part of the London-based Metdist Group. Simultaneously, Adani Enterprises will invest 50% in MetTube Copper India Pvt Ltd , which is a wholly owned subsidiary of MetTube and operates a plant near Ahmedabad in Gujarat.The alliance leverages Adani’s forward-integrated copper ecosystem - anchored by its 0.5 MTPA copper refinery project in Mundra - and MetTube’s global manufacturing and marketing expertise. The new JV will supply high performance copper tubes for HVAC, renewable energy, and smart construction applications.