Gautam Adani’s BIG move, this company to divest 50% of its business of…, and acquire 50% stake in…

Adani Group’s flagship company will divest 50% of its copper tubes business to MetTube, while also acquiring a 50% stake in MetTube’s Indian subsidiary, the company announced on Thursday.

As part of the partnership, both companies will jointly manufacture copper tubes for applications in air conditioning, renewable energy, and smart construction.

Adani To Partner With MetTube 

“Adani Enterprises Ltd (AEL) has entered into a share purchase and shareholders agreements with MetTube Mauritius Private Limited (MetTube),” the firm said in a statement. 

“Under the agreement, Adani Enterprises will divest a 50 per cent stake in its wholly owned subsidiary, Kutch Copper Tubes Limited, to MetTube. Additionally, Adani Enterprises will invest 50 per cent in MetTube Copper India Private Limited, which is a wholly owned subsidiary of MetTube and operates a plant near Ahmedabad in Gujarat,” the statement added.

MetTube, a part of the diversified Metdist Group, brings decades of global experience in manufacturing high-performance copper tubes. Adani Enterprises, through its wholly owned subsidiaries, has already established advanced copper manufacturing infrastructure in Mundra, Gujarat, including the greenfield copper tube facility under Kutch Copper Tubes Limited (KCTL).

“The dual investment structure ensures equal ownership and shared governance, enabling both entities to co-create a future-ready copper tube business, keeping in mind India’s vision of improving energy efficiency and reducing carbon emissions,” the statement said.

Jeet Adani On Partnership With MetTube

Adani Group director Jeet Adani said the partnership with MetTube is a strategic leap towards making India self-reliant in copper tube manufacturing. “By combining Adani’s infrastructure and operational excellence with MetTube’s global expertise, we are not just building capacity – we are building capability.”

“India’s copper tube demand is growing rapidly, and this alliance strengthens our commitment to the ‘Make in India’ vision with globally benchmarked manufacturing. Together with Adani, we aim to deliver high-quality, locally manufactured Inner Grooved copper tubes that meet international standards. This partnership reflects our shared ambition for sustainable growth and innovation,” Apurv Bagri, Chairman of Metdist Group, said.

The alliance leverages Adani’s forward-integrated copper ecosystem – anchored by its 0.5 million tonnes per annum copper refinery project in Mundra – and MetTube’s global manufacturing and marketing expertise.

“This synergy will enable scale and speed in copper tube production, besides supporting India’s green infrastructure goals by supplying high-performance copper tubes for HVAC, renewable energy, and smart construction applications. The copper tubes produced will cater to critical sectors such as air conditioning, refrigeration, and plumbing, where demand is surging due to urbanisation and climate-responsive infrastructure needs,” the statement added. 

(With Inputs From PTI)

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