In a strategic move to enhance India’s self-reliance in copper tube manufacturing, Adani Enterprises (AEL) has entered into share purchase and shareholders agreements with MetTube Mauritius.

The partnership aims to deliver next-generation solutions for the HVAC industry and reduce India’s dependence on imported copper tubes by building a robust domestic ecosystem. As part of the agreement, Adani Enterprises will divest a 50 percent stake in its wholly-owned subsidiary, Kutch Copper Tubes (KCTL), to MetTube.

In return, AEL will acquire a 50 percent stake in MetTube Copper India, which operates a copper tube plant near Ahmedabad, Gujarat. The partnership ensures equal ownership and governance, combining Adani’s infrastructure and operational capabilities with MetTube’s decades of global manufacturing experience.

“This partnership with MetTube is a strategic leap towards making India self-reliant in copper tube manufacturing," said Jeet Adani, Whole Time Director, Adani Group. Apurv Bagri, Chairman, Metdist Group, added, "Together with Adani, we aim to deliver high-quality, locally manufactured Inner Grooved copper tubes that meet international standards.” The alliance supports India’s sustainability and energy-efficiency goals by supplying high-performance copper tubes for HVAC, renewable energy, and smart infrastructure applications.