Officially incorporated with an authorized and paid-up capital of INR 10 lakh, Praneetha Ecocables Limited (PEL) will manufacture, market, distribute, buy, and sell cables, wires and metal products.

Mar 20, 2025

A wholly-owned subsidiary of Adani Group and leading copper manufacturer, Kutch Copper Limited (KCL), has incorporated a joint venture company ie Praneetha Ecocables Limited (PEL) with Praneetha Ventures Private Limited. The company will focus on the manufacturing, distribution and marketing of cables, wires and metal products.

Also Read: PLDT Boosts International Data Capacity by 33 Percent with 12,000-km Apricot Subsea Cable

Kutch Copper Limited and Praneetha Ventures Private Limited will hold 50 percent equity in Praneetha Ecocables Limited (PEL). The JV was officially incorporated on March 19, 2025, with an authorised and paid-up capital of INR 10 lakh, divided into 1,00,000 equity shares of INR 10 each.