# 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.

- Type: Acquisition
- Announced: 2025-03-20
- Where: Mundra, Gujarat, India
- Value: $500.0M
- Status: announced
- Products: cables, wires, copper tubes
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Kutch Copper Limited](https://endata.com/companies/10923.md)
- [Adani Group](https://endata.com/companies/15392.md)
- [Praneetha Ventures](https://endata.com/companies/83627.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/adani-group-eyes-500-700-m-cables-wires-segment-foray/article69354311.ece), 2025-03-20: "We do not plan to build it from scratch. Inorganic acquisition is preferred for faster scaling."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.