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Market Updates by ScanX @mupdatesbyscanx on x XXX followers
Created: 2025-07-24 14:17:21 UTC
Adani Enterprises (ADANIENT) on NSE: 2608.40 (-0.23%)
Adani Enterprises Forms Strategic Partnership with MetTube, Reshaping Copper Tube Industry
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Adani Enterprises Limited (AEL) has partnered with MetTube Mauritius Private Limited to boost India's copper tube production. AEL is divesting XX% stake in Kutch Copper Tubes Limited to MetTube and acquiring XX% stake in MetTube Copper India Private Limited. This collaboration aims to reduce India's dependence on imported copper tubes, support green infrastructure goals, and cater to growing HVAC industry demands. The partnership leverages Adani's infrastructure and MetTube's global expertise, with both companies having equal ownership and governance rights in the joint ventures.
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