This Adani Group stock engaged in providing transmission, distribution, and sustainable energy solutions supporting India’s energy infrastructure growth, jumped 4 percent after securing an order worth Rs. 2,800 crore for a transmission project in Gujarat for the manufacturing of Green Hydrogen and Green Ammonia.
Stock Price Movement:
With a market capitalization of Rs. 1,00,781.61 crores, the share of Adani Energy Solutions Limited has reached an intraday high of Rs. 846.15 per equity share, rising nearly around 3.78 percent from its previous day’s close price of Rs. 815.30. Since then, the stock has retreated and is currently trading at Rs. 838.95 per equity share.
What Happened:
Adani Energy Solutions Ltd. (AESL) has won a Rs. 2,800 crore power transmission project in Gujarat. This project will support the manufacturing of Green Hydrogen and Green Ammonia in Mundra. It involves upgrading the Navinal (Mundra) substation with two large transformers and constructing a 75 km long transmission line to connect to the Bhuj substation.
The project will add 150 cKM of transmission lines and 3,000 MVA of transformation capacity to AESL’s infrastructure. AESL won the project through the Tariff-Based Competitive Bidding (TBCB) mechanism. This marks AESL’s 6th order this fiscal year, bringing its total order book to Rs. 57,561 crore.
Capex Plans:
In Q3 FY25, the company deployed about Rs. 3,000 crores in capital expenditure (capex), nearly three times more than the same period last year. By the end of the first nine months of FY25, total capex reached Rs. 7,500 crores, double the amount spent in the previous year. The company plans to finish FY25 with a total capex of around Rs. 12,000 crores and targets Rs. 18,000 crores for FY26.
Smart Metering Initiatives:
The company has deployed 1.8 million smart meters so far, with a goal of reaching 4 million by the end of this year and 7 million by next year. In the final quarter of the fiscal year, they plan to increase deployment to an average of 20,000 meters per day.
Project Developments:
The company has secured major projects, including the HVDC Bhadla-Fatehpur transmission project worth Rs. 25,000 crores and the Khavda Phase IV Part-D (Pune-Boisar project). The company has won five new projects this year, causing its under-construction transmission pipeline to surge to approximately Rs. 54,761 crore in Q3 FY25, up from Rs. 17,000 crore.
Recent quarter results:
Adani Energy Solutions Limited’s revenue has increased from Rs. 4,563 crore in Q3 FY24 to Rs. 5,830 crore in Q3 FY25, which has grown by 27.77 percent. The net profit has also grown by 79.60 percent from Rs. 348 crore in Q3 FY24 to Rs. 625 crore in Q3 FY25.
Written By – Nikhil Naik
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