After cement, billionaire Gautam Adani's group and Kumar Mangalam Birla's Aditya Birla Group are set for a face-off in the wires and cable business with both conglomerates announcing forays into the high double-digit growth sector. In less than a month, both groups -- who have been fiercely competing in the cement sector leaving smaller players way behind -- announced their entry into the wires and cables segment, which is dominated largely by unorganised players and some smaller companies. Entry of the two big players will intensify competition in the wires and cables industry, which posted 13 per cent compound annual growth rate (CAGR) in revenue between FY19 and FY24 and is migrating towards an organised branded market. This was evident as sensing disruption from these deep pockets, share prices of listed players in the wires and cable segments slumped a day after March 19, when Adani Enterprises informed bourses of entering the segment. Share price of Polycab India, a leader in

Adani Enterprises Ltd. is trading above its 100 day SMA of 2344.9

Adani Enterprises Ltd.

30 Mar 2025

2418.10

0.10%

SAST

Adani Enterprises Ltd - 512599 - Closure of Trading Window

BSE India

Intimation for Closure of Trading Window

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Adani Enterprises Ltd.

28 Mar 2025

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Company Update

Adani Enterprises Ltd - 512599 - Announcement under Regulation 30 (LODR)-Credit Rating

BSE India

Assignment of Credit Rating

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Adani Enterprises Ltd.

24 Mar 2025

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Company Update

Adani Enterprises Ltd - 512599 - Announcement under Regulation 30 (LODR)-Acquisition

BSE India

Intimation for Incorporation of Company

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Adani Enterprises Ltd.

21 Mar 2025

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Company Update

Adani Enterprises Ltd - 512599 - Announcement under Regulation 30 (LODR)-Acquisition

BSE India

Intimation for Incorporation of a Step-Down Subsidiary Company

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Adani Enterprises Ltd.

21 Mar 2025

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Another shock for cable makers, Adani enters fray

Economic Times

Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, has formed a joint venture with Praneetha Ventures to manufacture and sell metal products, wires and cables.