Adani Enterprises and MetTube Join Forces for Copper Tubes Venture

25 Jul 2025 CW Team

Adani Enterprises (AEL) has signed a Share Purchase and Shareholders Agreement with MetTube Mauritius, marking a strategic collaboration to strengthen India’s domestic copper tube manufacturing capacity. This partnership is set to reduce import dependence and support the country’s growing HVAC and renewable infrastructure needs.

Under the agreement, Adani will divest a 50 per cent stake in its wholly owned subsidiary, Kutch Copper Tubes (KCTL), to MetTube. In parallel, Adani will invest in MetTube Copper India, which operates a copper tube manufacturing plant near Ahmedabad, Gujarat.

MetTube, part of the global Metdist Group, brings extensive expertise in producing high-performance copper tubes. The partnership complements Adani’s advanced copper infrastructure in Mundra, Gujarat, which includes a greenfield copper tube facility under KCTL.

Jeet Adani, Whole Time Director, Adani Group, said:

“This 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.”

Apurv Bagri, Chairman, Metdist Group, added:

“Together with Adani, we aim to deliver high-quality, locally manufactured copper tubes that meet global standards. This alliance supports the 'Make in India' vision and our shared ambition for sustainable innovation.”

The partnership leverages Adani’s forward-integrated copper ecosystem—anchored by a 0.5 MTPA copper refinery—and MetTube’s international manufacturing capabilities. The copper tubes will serve critical applications in HVAC, refrigeration, plumbing, and green construction sectors, addressing surging demand driven by rapid urbanisation and climate-focused infrastructure development.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..