Ahmedabad, July 24 -- In a move that will strengthen India's self-reliance, Adani Enterprises Limited (AEL) has entered into a Share Purchase and Shareholders Agreements with MetTube Mauritius Private Limited (MetTube).

This is aimed at delivering next generation solutions to the heating, ventilation, and air conditioning (HVAC) industry through their state-of-the-art facilities.

This alliance is aimed at reducing India's dependence on imported copper tubes and building a robust domestic ecosystem for copper-based applications.

Under the agreement, Adani Enterprises will divest a 50 per cent stake in its wholly owned subsidiary, Kutch Copper Tubes Limited, to MetTube. Additionally, Adani Enterprises will invest 50 per cent in MetTube C...