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ADANIENT

' subsidiary, Kutch Copper Limited, has formed a joint venture with Praneetha Ventures, named Praneetha Ecocables Limited. This new entity will operate with a 50% equity stake from Kutch Copper, marking Adani's entry into the cable industry. Joint Venture Details: The incorporation of Praneetha Ecocables signifies a strategic partnership aimed at expanding Adani's business portfolio. Equity Structure: Kutch Copper's 50% equity share indicates a balanced partnership, which may facilitate shared decision-making and resource allocation. Industry Impact: This venture is expected to enhance Adani's presence in the cable manufacturing sector, potentially leading to increased market competitiveness. Future Prospects: The collaboration may open avenues for innovation in eco-friendly cable solutions, aligning with global sustainability trends.