Adani-MetTube JV : Adani Enterprises partners with UK’s MetTube to strengthen India’s copper tube production for HVAC, renewables & smart infrastructure. Details inside.
Adani-MetTube JV: A Strategic Leap for India’s Copper Industry
In a significant move to bolster domestic copper tube manufacturing, Adani Enterprises Ltd (AEL) has entered a 50:50 joint venture with MetTube, a subsidiary of the UK-based Metdist Group. The collaboration aims to produce high-performance copper tubes for:
✔ HVAC (Heating, Ventilation, Air Conditioning)
✔ Renewable Energy Systems
✔ Smart Construction & Infrastructure
This partnership is expected to reduce India’s import dependency while meeting the rising demand for energy-efficient copper products.
Key Details of the Partnership
🔹 Equity Swap Structure:
- Adani will divest 50% stake in its subsidiary Kutch Copper Tubes Ltd (KCTL) to MetTube Mauritius.
- Simultaneously, Adani will acquire 50% stake in MetTube Copper India, which operates a manufacturing plant near Ahmedabad.
🔹 Combining Strengths:
- Adani’s Mundra Copper Refinery (0.5 MTPA capacity) will ensure raw material supply.
- MetTube’s global expertise in copper tube production brings technical know-how.
🔹 Shared Vision:
- Equal ownership & governance for long-term sustainability.
- Supports ‘Make in India’ and green infrastructure goals.
Why This JV Matters for India?
1. Reducing Import Dependence
India currently imports a significant portion of its high-grade copper tubes. This JV will:
✅ Enhance domestic production capacity
✅ Cut reliance on foreign suppliers
✅ Strengthen supply chain resilience
2. Meeting Growing Demand
With rapid urbanization and climate-responsive infrastructure, demand is surging in:
🏗️ Smart Cities & Construction
❄️ HVAC & Refrigeration
⚡ Renewable Energy Projects
3. Boosting Energy Efficiency
Copper tubes play a crucial role in:
🔋 Heat exchangers for solar energy
🌿 Energy-efficient cooling systems
💧 Sustainable plumbing solutions
Leadership Perspectives
Jeet Adani, Director, Adani Group:
“This collaboration marks a major step towards India’s self-reliance in copper manufacturing. By combining Adani’s infrastructure with MetTube’s expertise, we are enhancing India’s industrial capabilities.”
Apurv Bagri, Chairman, Metdist Group:
“The ‘Make in India’ vision aligns perfectly with this JV. We will deliver globally competitive Inner Grooved copper tubes, meeting India’s growing demand.”
Market Impact & Future Outlook
📈 Scaling Production: Faster market delivery & expanded capacity.
🌍 Export Potential: High-quality copper tubes for global markets.
♻️ Sustainability Focus: Supporting India’s green energy transition.
Conclusion:
The Adani-MetTube JV is a strategic leap toward self-reliance in copper tube manufacturing, aligning with India’s industrial growth and sustainability goals. By leveraging Adani’s infrastructure and MetTube’s global expertise, this partnership is set to transform India’s copper supply chain while supporting green energy and smart urbanization.
