Adani Enterprises , a key player in the Adani Group, is set to expand its international footprint with significant investments in Vietnam. This move comes as part of the group's broader strategy to strengthen its presence in Southeast Asia's rapidly growing markets.

Major Infrastructure Investments

Gautam Adani, chairman of the Adani Group, recently met with Vietnam's top leadership to discuss substantial infrastructure investments in the country. The high-level meetings included discussions with Communist Party General Secretary To Lam and Prime Minister Pham Minh Chinh, highlighting the strategic importance of these proposed projects.

The Adani Group has outlined plans for investments totaling approximately $4.80 billion across various sectors in Vietnam:

1. Port Development: Up to $2.00 billion investment in Lien Chieu port in Danang
2. Power Generation: Approximately $2.80 billion in the Vinh Tan 3 Thermal Power project in Binh Thuan

Expansion into Aviation and Logistics

Beyond ports and power, the Adani Group has expressed interest in collaborating on aviation and logistics projects in Vietnam. These include:

• Construction of the second phase of Long Thanh airport
• Development of Chu Lai airport

These initiatives align with the group's expertise in infrastructure development and its growing portfolio of airport operations in India.

Government Support and Next Steps

The Vietnamese government has shown strong support for these proposed investments. Prime Minister Pham Minh Chinh has directed key agencies to facilitate the projects:

• People's Committee of Danang City
• Ministry of Transport
• Ministry of Planning and Investment

These agencies have been instructed to expedite the projects while ensuring compliance with all relevant regulations.

Strengthening Vietnam-India Economic Ties

The discussions took place during the Vietnamese Prime Minister's three-day state visit to India, aimed at bolstering economic partnerships between the two nations. This large-scale investment plan by the Adani Group could significantly contribute to strengthening these bilateral economic ties.

For Adani Enterprises, this move represents a major step in its international expansion strategy, potentially opening up new growth avenues in Southeast Asia's dynamic market. As these projects progress, they could have a substantial impact on the company's future revenue streams and global market position.

Investors and industry observers will be keenly watching how these ambitious plans unfold, given their potential to reshape Adani Enterprises' international portfolio and contribute to Vietnam's infrastructure development.

Adani Enterprises Limited (AEL) has announced a significant move in the copper tube manufacturing sector, entering into a strategic partnership with MetTube Mauritius Private Limited. This collaboration aims to bolster India's self-reliance in copper tube production and cater to the growing demands of the heating, ventilation, and air conditioning (HVAC) industry.

Key Highlights of the Partnership

• Adani Enterprises is divesting a 50% stake in its wholly-owned subsidiary, Kutch Copper Tubes Limited (KCTL), to MetTube.
• Concurrently, AEL will acquire a 50% stake in MetTube Copper India Private Limited (MCIPL), a wholly-owned subsidiary of MetTube.
• The partnership is formalized through Share Purchase and Shareholders Agreements executed on July 24, 2025.
• Both KCTL and MCIPL will be equally owned by Adani Enterprises and MetTube post-transaction.

Strategic Implications

This alliance is set to create a powerhouse in the copper tube manufacturing sector, combining Adani's infrastructure capabilities with MetTube's global expertise. The partnership is expected to:

1. Reduce India's dependence on imported copper tubes significantly.
2. Accelerate domestic production and innovation in the sector.
3. Support India's green infrastructure goals by supplying high-performance copper tubes for HVAC, renewable energy, and smart construction applications.

Synergies and Expansion

The collaboration leverages Adani's forward-integrated copper ecosystem, including its 0.5 MTPA copper refinery project in Mundra, Gujarat. MetTube brings decades of global experience in manufacturing high-performance copper tubes, operating state-of-the-art facilities in Malaysia and India.

Industry Impact

The partnership is poised to address the surging demand for copper tubes in critical sectors such as air conditioning, refrigeration, and plumbing. This demand is driven by rapid urbanization and the need for climate-responsive infrastructure.

Management Perspectives

Jeet Adani, Whole Time Director of Adani Group, stated, "This partnership with MetTube is a strategic leap towards making India self-reliant in copper tube manufacturing. By combining Adani's infrastructure and operational excellence with MetTube's global expertise, we are not just building capacity—we are building capability."

Apurv Bagri, Chairman of Metdist Group, added, "India's copper tube demand is growing rapidly, and this alliance strengthens our commitment to the 'Make in India' vision with globally benchmarked manufacturing. Together with Adani, we aim to deliver high-quality, locally manufactured Inner Grooved copper tubes that meet international standards."

Governance and Structure

The partnership ensures equal ownership and shared governance:

• Both companies will have the right to appoint an equal number of directors on the boards of KCTL and MCIPL.
• They will have equal rights to subscribe to additional issuance of shares by KCTL and MCIPL.
• Any changes in capital structure or geography will require mutual consent.

This strategic alliance between Adani Enterprises and MetTube marks a significant step towards enhancing India's manufacturing capabilities in the copper tube sector, aligning with the country's vision of self-reliance and sustainable growth.