Adani Energy Transmission Sees 3.5-Fold Expansion, Approaches 1 Million Smart Meter Mark
Adani Energy Solutions Ltd (AESL), a leading private sector power transmission and distribution company, has reached a significant milestone by tripling its energy transmission pipeline to 27,500 circuit kilometers. Concurrently, the company is on the verge of installing over 1 crore smart meters, strengthening its position in India’s digital power revolution. AESL has installed over 97 lakh smart meters, propelling it to the top tier of digital infrastructure players in the country.
The company’s operational transmission length now stands at 17,200 circuit kilometers, with additional projects in various stages of implementation. Adani’s growth underscores its execution prowess in enhancing India’s transmission grid, crucial for ensuring uninterrupted power supply across states.
AESL’s smart metering surge is a key part of India’s national mission for digital metering. Smart meters enhance billing accuracy, reduce losses, and empower consumers with real-time consumption data, supporting the government’s goal of creating a transparent and tech-enabled power distribution system.
Adani’s smart metering push aligns with the Revamped Distribution Sector Scheme (RDSS), with the company playing a key role in India’s plan to digitize energy consumption on a large scale. This positions the Adani Group as a policy enabler in India’s push for energy access, efficiency, and digital transformation.
Analysts believe that AESL’s growth will make the company attractive to both domestic and foreign institutional investors, particularly as India accelerates towards Net Zero by 2070. The company’s resilience in the face of global macroeconomic headwinds demonstrates its focus on infrastructure growth backed by innovation, data, and technology.
Adani Energy Solutions has confirmed compliance with SEBI regulations for the first quarter of 2025, according to TipRanks.
Adani Energy Solutions, a leading provider of renewable energy solutions, has confirmed compliance with the Securities and Exchange Board of India (SEBI) regulations for the first quarter of 2025. This announcement was made through the financial market analytics platform, TipRanks.
In its quarterly compliance report, Adani Energy Solutions detailed its adherence to SEBI’s guidelines on corporate governance, disclosure, and regulatory requirements. The company’s compliance confirmation comes as a positive indicator of its commitment to transparency, accountability, and corporate integrity.
Adani Energy Solutions’ quarterly report outlined its compliance with SEBI’s regulations on various fronts, including:
1. Corporate Governance: The company ensured compliance with SEBI’s guidelines on board composition, nomination and remuneration processes, and independent director appointments.
2. Disclosure Requirements: Adani Energy Solutions provided timely and accurate disclosures on its financial performance, including consolidated financial statements, segment-wise reporting, and related-party transactions.
3. Regulatory Requirements: The company confirmed compliance with SEBI’s regulations on regulatory filings, including quarterly and annual reports, and other periodic updates.
Adani Energy Solutions’ compliance with SEBI regulations demonstrates its commitment to maintaining high corporate governance standards, transparency, and regulatory compliance. This reinforces investors’ confidence in the company’s ability to provide reliable and accurate information, and its commitment to responsible business practices.
The confirmation of compliance comes amidst growing concerns about corporate governance and transparency in India’s corporate sector. Adani Energy Solutions’ adherence to SEBI regulations sets a positive example for other companies to follow, emphasizing the importance of responsible business practices and investor confidence.
In conclusion, Adani Energy Solutions’ compliance confirmation with SEBI regulations for Q1 2025 is a testament to the company’s commitment to transparency, accountability, and corporate integrity. This positive development is likely to boost investor confidence and reinforce the company’s reputation as a reliable and responsible business entity.
Adani Group plans to secure $4-5 billion in funding for its projects in Gujarat, market sources suggest.
Adani Group is planning to raise $4-5 billion to fund its projects in Khavda and Mundra, Gujarat, in the coming months. The company is building a 30 GW renewable energy park in Khavda, which will be the largest in the world, and plans to produce 26 GW of solar energy and 4 GW of wind energy.
Adani Green Energy (AGEL) will likely raise the majority of the funds through a mix of debt and equity. The company has an annual capital expenditure outlay of $4-5 billion, and plans to invest in the Khavda project. AGEL aims to deliver 50 GW of renewable energy by 2030.
The company plans to commission wind and solar energy projects of 5-7 GW every year in Khavda. Additionally, Adani New Industries (ANIL) is looking to increase the capacity of its solar panel facility in Mundra to 10 GW from 7 GW.
Adani Group has already completed significant fundraising efforts in the past. Last year, Adani Energy Solutions raised $1 billion through a qualified institutional placement (QIP). The board of Adani Power approved raising funds up to Rs 5,000 crore through QIP in January 2025. The company has also successfully raised $1.06 billion to refinance a 2021 debt facility for a renewable energy project in Rajasthan.
The plans indicate Adani Group’s aggressive expansion in the renewable energy space, with a focus on becoming a major player in the industry. With its ambitious plans and significant fundraising efforts, the company is poised to play a significant role in India’s renewable energy landscape.
Adani Expands Its District Cooling Footprint, Unveils New Facilities
Adani Energy Solutions (AESL), the power transmission arm of the Adani group, is expanding its district cooling services (DCS) business. This move is part of the company’s strategy to diversify its revenue streams and leverage its existing expertise in transmission and distribution. DCS is a centralized system that distributes chilled water or a medium to multiple buildings through a network of pipes, providing energy efficiency and cost savings compared to individual building cooling systems.
AESL has been incubating DCS for several years and has set up large-scale facilities across various sectors, including industrial, commercial, residential, and mixed-use projects. The company is operating under a “cooling-as-a-service” (CaaS) model, where it undertakes projects under a design, build, finance, own, and operate (DBFOO) model. This model allows real estate developers to avoid significant upfront investments in HVAC systems.
The company has partnered with Maharashtra government-owned Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to set up a DCS system in the Mumbai metropolitan region. The partnership aims to provide CaaS in various locations, including Mira Bhayandar, Thane, Mulund, India Jewellery Park, Mahape, and Bharat Diamond Bourse. The DCS system is expected to reduce energy consumption by 30-35% for residents and 20-25% for commercial users.
With the Indian cooling market expected to grow fourfold by 2037-38, and the per capita cooling energy consumption in India at around 147 kWh, there is a significant opportunity for DCS to make a significant dent in the market. The partnership with MAHAPREIT is expected to be a key step in this direction.
PFC Consulting Limited transfers a dedicated transmission vehicle to Adani Energy Solutions.
Mundra I Transmission Limited, a project-specific special purpose vehicle (SPV), has been transferred to Adani Energy Solutions, as per an exchange filing on Thursday. Mundra I Transmission Limited was created to develop a transmission system for providing power to potential green hydrogen and ammonia manufacturing projects in the Mundra area of Gujarat. The company was a wholly-owned subsidiary of PFC Consulting Limited, which is itself a subsidiary of Power Finance Corporation (PFC). As the successful bidder, Adani Energy Solutions has taken over the assets of Mundra I Transmission Limited.
The transfer of assets is a significant development, as it signals the progression of the project to the next phase. Adani Energy Solutions, a company known for its expertise in the energy sector, is well-positioned to drive the project forward. The company’s involvement is expected to bring new opportunities and growth to the region, particularly in the field of green hydrogen and ammonia production.
The transfer of assets is a result of a bidding process that was conducted by PFC Consulting Limited, and Adani Energy Solutions emerged as the successful bidder on March 20. The exact details of the bidding process, including the bid amount and the terms of the transfer, have not been disclosed.
The development is significant not only for Adani Energy Solutions but also for the region, as it paves the way for the growth of the green hydrogen and ammonia industry. The production of these products is crucial for a sustainable and low-carbon future, and Adani Energy Solutions’ involvement in the project is a step in the right direction. As the company takes on the responsibility of managing the Mundra I Transmission Limited assets, it is expected to bring new investment, job opportunities, and economic growth to the region.
ICICI Securities has retained its Buy rating on Adani Energy, with a revised target price of Rs 1,101.
ICICI Securities has maintained its “buy” call on Adani Energy Solutions (AESL) with a revised target price of Rs 1,101, down from Rs 1,318 earlier. The company’s current market price is Rs 737.2. AESL is a Large Cap company operating in the Power sector and has a market capitalization of Rs 88276.25 crore.
The company reported its Q3FY25 numbers, which showed revenue of Rs 53.7 billion, EBITDA of Rs 16.6 billion, and net profit of Rs 6.25 billion, with a notable reversal of net deferred tax liability of Rs 1.85 billion. AESL’s transmission pipeline has zoomed 3x in the last 12 months, and the company has won five new transmission projects worth Rs 250 billion. It also has a smart meter pipeline of 22.8mn with estimated EBITDA potential of Rs 20 billion.
The company’s distribution business continues to perform well, with energy demand up 3% to 30% YoY in the Mumbai circle and Mundra Utility. Despite a 5.65% decline in Q3FY25 total income from the previous quarter, the company’s net profit after tax (PAT) showed a significant jump of 24.38% from the same quarter last year.
ICICI Securities maintains a “buy” rating on AESL, driven by its solid Q3 performance, strong growth prospects, and attractive valuations. The analyst expects the company to continue delivering strong earnings growth, driven by its transmission business and smart meter pipeline. Promoters hold a significant 69.94% stake in the company, while FIIs own 17.34% and DIIs hold 5.85%.
Adani Energy Solutions is set to announce its Q3 FY 2025 results, with a scheduled earnings release and conference call on [date and time].
Adani Energy Solutions, a subsidiary of the Indian business conglomerate Adani Group, is set to announce its quarterly earnings for the third quarter (Q3) of the 2024-2025 financial year. The results are expected to be released on [Date] at [Time] IST. The company will also hold a conference call at the same time to discuss its financial performance.
The Q3 results are likely to provide insights into Adani Energy Solutions’ performance across various segments, including renewable energy, energy storage, and energy services. The company has been focusing on growing its renewable energy portfolio, and the Q3 results may shed light on the progress made in this area.
Adani Energy Solutions has been actively involved in various renewable energy projects, including wind and solar power projects, energy storage solutions, and green hydrogen production. The company has also been expanding its presence in the energy services segment, providing turnkey solutions to its clients in the energy and infrastructure sectors.
During the Q3 period, Adani Energy Solutions may have faced challenges due to the ongoing global energy crisis, ongoing supply chain disruptions, and the impact of the COVID-19 pandemic. The company’s ability to navigate these challenges and adapt to the changing market conditions will be crucial in determining its future growth trajectory.
The conference call is expected to be hosted by the company’s management team, who will provide a detailed analysis of the Q3 performance, discuss the company’s strategy, and answer questions from analysts and investors. The call is likely to be webcast live on the company’s website, allowing investors and analysts to participate remotely.
The Q3 results and conference call are crucial for Adani Energy Solutions as they provide insights into the company’s financial performance, strategic initiatives, and future prospects. Investors, analysts, and stakeholders will be keenly awaiting the release of the results and looking forward to the company’s guidance on its plans for the next quarter and financial year.
Adani Energy Solutions has awarded a transmission line EPC (Engineering, Procurement, and Construction) contract to Bajel Projects for executing a key project.
Bajel Projects has won an engineering, procurement, and construction (EPC) contract from Adani Energy Solutions for the design and implementation of a transmission line. The transmission line is expected to facilitate the growth of renewable energy projects in India by enabling the transportation of large volumes of renewable power. According to sources, the transmission line project involves a high-voltage transmission system spanning approximately 550 km in three separate stretches.
Under the agreement, Bajel Projects will be responsible for engineering, designing, and executing the construction work of the transmission line, along with related high-voltage transmission facilities, such as substations, switchyards, and control panels. The scope of the work includes supply of all the requisite materials, execution of site clearing, and infrastructure development. Additionally, the EPC contract calls for commissioning the transmission line by 24 months after obtaining all the required clearances. With this development, Adani Energy Solutions, a part of Adani Enterprises, continues its expansion efforts to promote India’s clean energy segment.
Adani Energy Solutions reports a net loss of Rs 824 crore in its first quarter’s financial performance.
Adani Enterprises, the renewable energy arm of the Adani Group, has reported a net loss of Rs 824 crore for the first quarter (Q1) of 2022-23. The company’s total revenue declined 13.6% year-on-year to Rs 2,454 crore in Q1. The loss in the quarter is due to higher operating expenses and higher finance costs. The company’s operational costs increased 25.7% year-on-year to Rs 4,644 crore, while its finance costs rose 54.6% to Rs 1,134 crore. Adani Energy Solutions also reported a significant decline in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin, which fell to 7.2% compared to 14.2% in Q1 of the previous year. The company attributed the decline in profitability to the presence of highly competitive and volatile markets, as well as the impact of COVID-19-related restrictions on project execution. However, Adani Energy Solutions remains optimistic about its future growth prospects, citing its strong order book and ongoing efforts to diversify its revenue streams.
The Tamil Nadu government has rescinded the tender for smart meters awarded to Adani Energy Solutions.
The Tamil Nadu Power Distribution Corporation (TANGEDCO) has cancelled a global tender for procuring smart meters due to the high cost quoted by Adani Energy Solutions Ltd (AESL). The tender was floated in August 2023 for four packages, with AESL being the lowest bidder for one package covering eight districts, including Chennai. However, the cost quoted by AESL was reportedly higher, leading to the cancellation of the tender on December 27, 2024. A re-tender is likely to be floated. The government’s decision comes amid controversy surrounding industrialist Gautam Adani and allegations of bribery in solar power contracts. The US prosecutors had indicted Adani and others in connection with the matter, which Adani’s company has refuted.
CERC awards transmission licence to Khavda IV-A Power Transmission.
The Central Electricity Regulatory Commission (CERC) has granted a transmission licence to Khavda IV-A Power Transmission Ltd, a subsidiary of Adani Energy Solutions Ltd (AESL), for a period of 25 years. The company is developing an interstate transmission system (ISTS) scheme to evacuate power from renewable energy zones in Gujarat. The project, which will be completed by August 2026, involves the creation of bus sections, lines, and substations, and is estimated to cost around Rs.4,100 crore. AESL acquired Khavda IV A Power Transmission Ltd through an e-reverse auction (e-RA) and quoted a tariff of Rs.5089.66 million, which was 29.4% lower than its initial bid. AESL has a growing portfolio of ISTS-TBCB projects, with eight schemes currently under construction, including four awarded in the current fiscal year.
Adani Enterprises is expected to report a significant revenue boost, soaring to Rs 1.5 lakh crore by FY27, accompanied by a 46% increase in net earnings.
AEL (Adani Enterprises Limited) is one of India’s largest listed incubators, responsible for conceiving, growing, and demerging numerous successful businesses. The company has a proven track record of creating and nurturing various industries, including ports, gas distribution, power transmission, renewable energy, and commodities. Some of the notable companies born out of AEL include Adani Ports & SEZ, Adani Total Gas, Adani Energy Solutions, Adani Green Energy, Adani Power, and Adani Wilmar.
Adani Energy Solutions Launches Dedicated Power Transmission Division
Adani Energy Solutions Ltd (AESL) has formed a new subsidiary, Adani Energy Solutions Step-Eleven Limited (AESSEL), to focus on transmission, distribution, and power supply services. The new entity was incorporated with the Registrar of Companies in Ahmedabad, Gujarat on December 17, 2024, and is yet to begin operations. AESSEL has been established to provide power and other infrastructure services, aligning with Adani Energy’s strategy. Unfortunately, the article cuts off abruptly, mentioning ET MSME Awards, which is not directly related to AESL or AESSEL.
Adani Energy Agrees to Manage Kenya’s Electricity Transmission Network Infrastructure
Indian billionaire Gautam Adani’s company, Adani Energy Solutions Ltd (AESL), has signed a 30-year agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build and operate key electricity transmission lines in Kenya. The project aims to upgrade Kenya’s transmission infrastructure to ensure reliable power supply and overcome persistent power outages. The deal is estimated to cost around $736 million and will be funded through debt and equity, with the government of Kenya not incurring any financial expenditure. AESL will manage the transmission lines for 30 years, ensuring sustainable and efficient operations, and then transfer the project and assets to Ketraco. The project involves developing three transmission lines and two substations. This partnership is expected to support the government’s development goals and ensure a secure energy supply for Kenya. The deal marks a significant collaboration between an Indian company and a Kenyan project, demonstrating the potential for international investment in Africa’s energy sector.