Adani Subsidiary Kutch Copper Completes Formation of JV with Praneetha Ventures

Adani Enterprises' subsidiary, Kutch Copper Limited (KCL), has officially formed a joint venture with Praneetha Ventures Private Limited, named Praneetha Ecocables Limited (PEL).

Registered with the Registrar of Companies in Ahmedabad, the PEL was incorporated on March 19, 2025, and will focus on manufacturing, marketing, and distributing metal products, cables, and wires. Both KCL and Praneetha Ventures hold equal stakes in the venture, with an authorized capital of ₹10 lakh.

The joint venture will specialize in the manufacturing, marketing, and distribution of metal products, cables, and wires.

This move aligns with Kutch Copper's strategy to expand its presence in the metal and cable manufacturing sector. The joint venture is registered with the Registrar of Companies in Ahmedabad.

Both KCL and Praneetha Ventures hold equal stakes in PEL, with an authorized and paid-up capital of ₹10 lakh, divided into 1,00,000 equity shares of ₹10 each.

Earlier in January this year, Kutch Copper joined the International Copper Association (ICA), a not-for-profit trade association representing half the world's copper production, with 33 members across six continents.

Kutch Copper Limited (KCL) is a subsidiary of Adani Enterprises, playing a significant role in India's copper industry. It operates a massive copper complex in Mundra, Gujarat, with an annual capacity of 1 million tonnes, making it the world's largest single-location copper plant. This facility focuses on producing high-quality copper cathodes and rods, along with by-products like gold, silver, and sulfuric acid.

Praneetha Ventures, established in 2020, is a private limited company specializing in consulting services for the trading industry. The company has built a reputation for providing expert guidance and strategic insights to its clients. Recently, it has been diversifying its portfolio by venturing into new business areas, including green manufacturing and sustainable solutions.

This new JV is expected to leverage the strengths of both KCL and Praneetha Ventures, contributing to the growth of the metal and cable industry in India.