Adani Group company to join hands with MetTube Mauritius Pvt Ltd for copper tubes business
DSIJ Intelligence-1 / 25 Jul 2025/ Categories: Multibaggers, Trending
The stock is up by 29 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of over 1,400 per cent in 5 years.
Adani Enterprises Limited (AEL) has announced a strategic partnership with MetTube Mauritius Private Limited (MetTube) to bolster India's self-reliance in the copper tubes business. This collaboration aims to provide next-generation solutions for the heating, ventilation and air conditioning (HVAC) industry and significantly reduce India's reliance on imported copper tubes. The alliance will foster a robust domestic ecosystem for various copper-based applications.
Under the terms of the agreement, Adani Enterprises will divest a 50% stake in its wholly-owned subsidiary, Kutch Copper Tubes Limited, to MetTube. Concurrently, AEL will acquire a 50% stake in MetTube Copper India Private Limited, a wholly-owned subsidiary of MetTube that operates a manufacturing facility near Ahmedabad, Gujarat. This dual investment structure ensures equal ownership and shared governance, allowing both companies to jointly develop a future-ready copper tube business aligned with India's goals for improved energy efficiency and reduced carbon emissions.
The partnership leverages Adani's established copper ecosystem, including its 0.5 MTPA copper refinery project in Mundra and MetTube's extensive global experience in manufacturing and marketing high-performance copper tubes. This synergy is expected to accelerate domestic production and innovation, supplying critical sectors like air conditioning, refrigeration and plumbing, where demand is surging due to urbanisation and the need for climate-responsive infrastructure. The collaboration will also support India's green infrastructure objectives by providing high-performance copper tubes for HVAC, renewable energy and smart construction applications.
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About Adani Enterprises Ltd
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has a long history of developing critical infrastructure businesses in India, subsequently divesting them into independently listed entities. AEL has a strong track record of creating large-scale, successful companies such as Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy and Adani Total Gas, significantly contributing to India's self-reliance and delivering substantial shareholder returns for three decades. Looking ahead, AEL's strategic investments are focused on high-growth sectors with significant value unlocking potential, including the green hydrogen ecosystem, airport management, data centres, roads and primary industries like copper and petrochemicals.
A strong performer with a market cap of Rs 2.96 lakh crore, the company has consistently delivered impressive profit growth of 37 per cent CAGR over the last 5 years. According to the Quarterly Results (Q4FY25) and annual results (FY25), the company posted amazing numbers. The stock is up by 29 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of over 1,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.