Adani Energy Solutions Ltd

Adani Energy Solutions will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Adani Energy Solutions has executed share purchase agreement with REC Power Development and Consultancy for acquiring 100% equity shares of Mahan Transmission (MTL). MTL will evacuate 1,230 MW of power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district and feed into the state grid. Powered by Capital Market - Live

The key domestic indices traded with strong gains in the mid-afternoon trade. The Nifty traded above the 23,350 mark. Oil & gas shares jumped for the fourth consecutive trading session. At 14:25 IST, the barometer index, the S&P BSE Sensex, surged 546.15 points or 0.71% to 76,902.45. The Nifty 50 index rallied 174.75 points or 0.75% to 23,365.40. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.03% and the S&P BSE Small-Cap index jumped 1.71%. The market breadth was strong. On the BSE, 2,768 shares rose and 1,201 shares fell. A total of 138 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index added 2.24% to 10,586.10. The index jumped 5.69% for the four consecutive trading sessions. Oil & Natural Gas Corporation (up 4.46%), GAIL (India) (up 4.39%), Hindustan Petroleum Corporation (up 3.92%), Bharat Petroleum Corporation (up 3.7%), Indian Oil Corporation (up 2.24%), Petronet LNG (up 1.68%), Oil India (up 1.47%), Gujarat Gas (up 1.32%), Adani Total Gas (up 1.3%) and Aegis Logistics (up 0.83%) advanced. Numbes to Track: The yield on India's 10-year benchmark federal paper advanced 1.46% to 6.737 as compared with the previous close of 6.747. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.0500, compared with its close of 86.3600 during the previous trading session. MCX Gold futures for the 4 April 2025 settlement shed 0.52% to Rs 88,189. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.20% to 104.03. The United States 10-year bond yield shed 0.09% to 4.229. In the commodities market, Brent crude for May 2025 settlement advanced 15 cents or 0.21% to $72.15 a barrel. Stocks in Spotlight: Adani Energy Solutions advanced 2.66% after the company said that it has won a power transmission project worth Rs 2,800 crore in Gujarat. Axiscades Technologies hit a upper circuit of 5% after the company's subsidiary Mistral Solutions unveiled DCP1000 Module, a compact radar data capture and playback device for mmWave radar applications.Powered by Capital Market - Live

Adani Energy Solutions (AESL) has won a power transmission project in Gujarat, which will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra, Gujarat. The project which will cost ~Rs 2,800 crore, will be delivered to the nation in 36 months. This project Transmission System for Green Hydrogen/Ammonia Manufacturing Potential in Mundra, Gujarat' involves upgrading the Navinal (Mundra) electrical substation by adding two large 765/400kV transformers. Additionally, a 75 km long 765kV double-circuit line will be constructed to connect this substation to the Bhuj substation. The project will see the addition of 150 cKM of transmission lines and 3,000 MVA of transformation capacity to AESL's overall transmission infrastructure, taking them to 25,928 cKM and 87,186 MVA, respectively. AESL won the project under the Tariff Based Competitive Bidding (TBCB) mechanism and PFC Consulting Limited was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025. This is AESL's 6th order win this fiscal year, taking its orderbook to ~Rs 57,561 Cr. Powered by Capital Market - Live

This project will supply green electrons for the production of Green Hydrogen and Green Ammonia in Mundra. Scheduled for completion within 36 months, the project involves upgrading the Navinal (Mundra) electrical substation with two large 765/400kV transformers. Additionally, a 75 km long 765kV double-circuit line will be constructed to connect this substation to the Bhuj substation. The project will see the addition of 150 circuit kilometers (cKM) of transmission lines and 3,000 MVA of transformation capacity to AESL's overall transmission infrastructure, taking them to 25,928 cKM and 87,186 MVA, respectively. AESL won the project under the Tariff Based Competitive Bidding (TBCB) mechanism. The project SPV was formally transferred to AESL on 20 March 2025. This is AESL's 6th order win this fiscal year, taking its orderbook to approximately Rs 57,561 crore,' the company said. Adani Energy Solutions (AESL), part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. The company reported 72.9% jump in consolidated net profit to Rs 561.78 crore in Q3 FY25 as compared with Rs 324.90 crore in Q3 FY24. Revenue from operations jumped 27.78% YoY to Rs 5,830.26 crore in Q3 FY25. Powered by Capital Market - Live

Adani Energy Solutions has received the following ratings action from Fitch Ratings: a. Affirms Adani Energy Solutions' (AESL) Long Term Foreign- and Local-Currency Issuer at 'BBB-' and removed from Rating Watch Negative (RWN) and assigned a Negative Outlook; b. The 'BBB-' ratings on the US dollar senior secured notes issued by Adani Electricity Mumbai have been affirmed and removed from Rating Watch Negative (RWN); and c. The 'BBB-' ratings on the notes issued by AESL's subsidiary, Adani Transmission Step One, have also been affirmed with a removal of RWN status. Powered by Capital Market - Live

Adani Energy Solutions Ltd fell for a fifth straight session today. The stock is quoting at Rs 670.75, down 0.95% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 22936.25. The Sensex is at 75951.67, down 0.02%.Adani Energy Solutions Ltd has eased around 17.78% in last one month.Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has eased around 11.11% in last one month and is currently quoting at 30849.05, up 0.76% on the day. The volume in the stock stood at 13.46 lakh shares today, compared to the daily average of 19.44 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 672.6, down 0.99% on the day. Adani Energy Solutions Ltd tumbled 37.3% in last one year as compared to a 3.33% rally in NIFTY and a 22.2% fall in the Nifty Energy index.The PE of the stock is 164.14 based on TTM earnings ending December 24.Powered by Capital Market - Live

Net profit of Adani Energy Solutions rose 72.91% to Rs 561.78 crore in the quarter ended December 2024 as against Rs 324.90 crore during the previous quarter ended December 2023. Sales rose 27.78% to Rs 5830.26 crore in the quarter ended December 2024 as against Rs 4562.73 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5830.264562.73 28 OPM %28.4832.23 - PBDT1021.75972.29 5 PBT559.37514.65 9 NP561.78324.90 73 Powered by Capital Market - Live

Revenue from operations jumped 27.78% YoY to Rs 5,830.26 crore in Q3 FY25. The company's net profit was higher by 79.55% YoY due to reversal of net deferred tax liability of Rs 185 crore mainly due to divestment of Dahanu plant in AEML Profit before tax (PBT) increased 8.69% YoY to Rs 559.37 crore during the quarter. Operating EBITDA rose 8.6% to Rs 1,579 crore during the quarter as compared with Rs 1,454 crore in corresponding quarter last year. On the segmental front, the operational revenue from transmission business stood at Rs 1,189 crore, (up 12.6%YoY) and the revenue from distribution business was at Rs 2,973 crore (up 16.2%YoY) during the period under review. Under transmission business, on operational parameters, it was a strong quarter, with an average system availability of over 99.7%. Robust line availability resulted in an incentive income of Rs 33 crore in Q3FY25. Energy demand (units sold) in Adani Electricity Mumbai in Q3FY25 ended 3% higher YoY to 2,574 million units. Kandarp Patel, CEO, Adani Energy Solutions, said, 'The key highlight of this quarter is the new project wins in AESL, which not only helps in gaining market share but also strengthens AESL's pole position as the largest private transmission player in India. The power demand trends in both utilities are encouraging and we are making progress with the installation of smart meters in all our contracts with daily average installation consistently improving. We are confident that despite a large order book of Rs 54,761 crore in transmission and approximately Rs 13,600 crore in smart metering, the company will continue to deliver strong operating and financial performance, thanks to unparallel project and operating excellence coupled with robust capital management program.' Adani Energy Solutions (AESL), part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions.Powered by Capital Market - Live

Adani Energy Solutions (AESL) has won the prestigious ~Rs 25,000 crore Bhadla (Rajasthan)- Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order. It is AESL's largest order win till date, taking its under execution order book to Rs 54,761 crore and transmission network to 25,778 ckm and 84,186 MVA transformation capacity. AESL won the project under Tariff Based Competitive Bidding (TBCB) mechanism and REC Power Development & Consultancy (RECPDCL) was the bid process coordinator. The project SPV got formally transferred to AESL on 20 January  2025. Called 'Transmission system for evacuation of power from REZ in Rajasthan (20 GW) under Phase-III Part I', the project includes establishment of 6,000 MW HVDC (High Voltage Direct Current) system between Bhadla to Fatehpur (~2400 ckm) along with 7500 MVA transmission capacity. The project will help evacuate 6 GW renewable energy from various REZs in Rajasthan beyond Bhadla-III to demand centers of North India and to the national grid. AESL will deliver the project in 4.5 yearsPowered by Capital Market - Live