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Adani Enterprises’ arm incorporates JV with Praneetha Ventures

20 Mar 2025 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Kutch Copper (KCL) has completed the incorporation process of a joint venture (JV) company namely ‘Praneetha Ecocables’ (PEL) on March 19, 2025 with Praneetha Ventures, KCL shall hold 50% Equity Share Capital of PEL.

The objective of incorporation of joint venture company is to manufacture, market, distribute, buy and sell metal products, cables and wires.

Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.

Peers
Company Name CMP
Redington 356.95
Adani Enterprises 2749.20
Amrapali Industries 34.60
Maxgrow India 177.85
Rashi Peripheral 864.60
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