Adani Group plans $500-700 million entry into cables and wires segment via acquisition

Adani Group, through its subsidiary Kutch Copper, plans to enter the cables and wires segment via an acquisition worth $500-700 million. It has incorporated a joint venture company, Praneetha Ecocables, with Praneetha Ventures, as a downstream expansion of its copper smelter project in Mundra.

“We do not plan to build it from scratch. Inorganic acquisition is preferred for faster scaling.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comAdani Group eyes $500-700 m cables & wires segment foray - The HinduBusinessLineJanaki KrishnanMar 20, 2025

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