
Adani enters cables, wires biz
Adani Enterprises Limited has announced the successful incorporation of a new joint venture company, Praneetha Ecocables Limited (PEL), through its wholly owned subsidiary, Kutch Copper Limited (KCL).
The venture, which was announced in the late hours of Wednesday afternoon, sent shockwaves through the stock prices of leading industry players like Polycab and R R Kabel in the early trading hours of Thursday.
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