CosmicTaco

Adani Ventures into Cables and Wires Market

CosmicTaco · 2025-03-20T10:49:22.183973+05:30

- Adani Enterprises announced a joint venture with Praneetha Ventures to enter the cables and wires industry. - The new entity, Praneetha Ecocables Limited, will be equally owned by Kutch Copper Limited and Praneetha Ventures. - This move positions Adani as a significant player in a market dominated by Polycab, Havells, and others. - The joint venture will focus on manufacturing, marketing, and distributing metal products, cables, and wires. - Adani Enterprises aims to enhance its financial performance through asset monetization and expansion into new sectors. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/polycab-havells-shares-in-focus-on-adani-groups-foray-into-cables-wires/articleshow/119237145.cms), [Business News India](https://www.businesstoday.in/markets/stocks/story/adani-enterprises-shares-in-focus-as-copper-arm-mulls-wc-entry-468566-2025-03-20)

Adani Enterprises announced a joint venture with Praneetha Ventures to enter the cables and wires industry.
The new entity, Praneetha Ecocables Limited, will be equally owned by Kutch Copper Limited and Praneetha Ventures.
This move positions Adani as a significant player in a market dominated by Polycab, Havells, and others.
The joint venture will focus on manufacturing, marketing, and distributing metal products, cables, and wires.
Adani Enterprises aims to enhance its financial performance through asset monetization and expansion into new sectors.

Source: The Economic Times, Business News India

2mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

Personal Finance16mo

by FloatingPenguinGrowth Manager

5 trn economy, which sectors will benefit in startups and stock markets

Curious to learn about what sectors will see more action in the run up to 2030 where we are slated to become a $5trn economy and lots of companies have done Capex investments across sectors. What specific sectors, companies (listed or st...

News Discussion9mo

by CosmicTacoGrapevine

Adani Energy Solutions Raises $1bn in Equity Placement Amidst Recovery Efforts

Adani Energy Solutions, the power transmission and distribution arm of Adani Group, raised $1bn in an equity sale, marking its first since halting a previous share placement due to corporate fraud allegations.
The Rs83.7bn qualified ...

News Discussion8mo

by CosmicTacoGrapevine

Adani Wilmar's Aggressive Expansion Plans in the FMCG Sector

Adani Wilmar Ltd is in talks to acquire three food companies in south and east India, marking its most aggressive capex plan yet.
The Adani group has built a $1 billion war chest for acquisitions to boost its food and FMCG business,...

News Discussion5mo

by CosmicTacoGrapevine

Adani Group's Rs 7.5 Lakh Crore Investment in Rajasthan

Adani Group pledges Rs 7.5 lakh crore investment in Rajasthan over five years, announced at 'Risin Rajasthan' Investor Summit 2024.
Plans include four new cement plants, a green energy ecosystem with 100 GW renewable energy, and Jaip...

9 minute ⏱
AI Interviews

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help

Adani Ventures into Cables and Wires Market

Talking product sense with Ridhi

You're early. There are no comments yet.

5 trn economy, which sectors will benefit in startups and stock markets

Adani Energy Solutions Raises $1bn in Equity Placement Amidst Recovery Efforts

Adani Wilmar's Aggressive Expansion Plans in the FMCG Sector

Adani Group's Rs 7.5 Lakh Crore Investment in Rajasthan

9 minute ⏱AI Interviews

9 minute ⏱
AI Interviews