Adani, Mettube in Copper Tube JV for HVAC Sector
Adani Enterprises has entered into a share purchase and shareholders’ agreement with Mettube Mauritius, part of the Metdist Group, to manufacture copper tubes in India for the heating, ventilation, and air conditioning (HVAC) industry.As part of the arrangement, Adani Enterprises will divest a 50 per cent stake in its wholly owned subsidiary, Kutch Copper Tubes, to Mettube. Simultaneously, Adani will acquire a 50 per cent stake in Mettube Copper India, a wholly owned subsidiary of Mettube, which operates a copper tube manufacturing plant near Ahmedabad. Financial terms of the transaction wer..
India May Regulate Private Pipelines, Curb Russian Fuel Trade
India’s oil and gas sector may soon undergo a major regulatory overhaul, as the Ministry of Petroleum and Natural Gas prepares to bring privately operated or “captive” pipelines under the purview of the Petroleum and Natural Gas Regulatory Board (PNGRB). This move will be facilitated through amendments to the PNGRB Act.Currently, such infrastructure is classified as “dedicated” pipelines, used exclusively for internal company operations. While the term “captive” is frequently used by oil firms, it is not legally recognised in the Act. Under the existing framework, PNGRB has the a..
TN Plans Power Deals for 6.5 GW by FY30, 7 GW More by FY35
Tamil Nadu is set to secure 6,486 MW of thermal power supply through procurement contracts by FY 2029–30, with an additional 7,000 MW planned by FY 2034–35, according to the Union Ministry of Power, referencing the Central Electricity Authority’s (CEA) Resource Adequacy Plan.The initial 6,486 MW includes key projects under Tamil Nadu Power Generation Corporation Ltd (TNGCPL), such as:North Chennai Thermal Power Plant Stage III (800 MW)Udangudi Thermal Power Project Stage I (2×660 MW)Ennore SEZ Supercritical Thermal Project (2×660 MW)However, projects still under construction, including..
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