Adani Ventures into Cables and Wires Market

• Adani Enterprises announced a joint venture with Praneetha Ventures to enter the cables and wires industry.
• The new entity, Praneetha Ecocables Limited, will be equally owned by Kutch Copper Limited and Praneetha Ventures.
• This move positions Adani as a significant player in a market dominated by Polycab, Havells, and others.
• The joint venture will focus on manufacturing, marketing, and distributing metal products, cables, and wires.
• Adani Enterprises aims to enhance its financial performance through asset monetization and expansion into new sectors.

Source: The Economic Times, Business News India