Adani Group Makes Big Strides: Cement Stake Up, Copper Debut & Smart Meter Push

  • The Adani family solidified their control over Ambuja Cement by infusing ₹6,661 crore, raising their stake to 66.7%. This follows their acquisition of a controlling stake in September 2022.

  • Marking a major diversification, the Adani Group commenced operations at their first copper unit, Kutch Copper, venturing into the metals industry.

  • Adani Energy, another group company, is reportedly seeking a $600 million loan to fund a smart meter project. Smart meters provide real-time energy consumption data, enabling better grid management and potentially reducing costs for consumers.

These developments highlight the Adani Group's aggressive expansion plans across sectors and their commitment to infrastructure development.

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