The shares of one of the energy companies specializing in power transmission, distribution, and smart metering solutions in focus, upon securing significant project worth ~Rs.25,000 crores for the Bhadla-Fatehpur HVDC transmission system
Price action
With a market capitalization of 97,706 Crores on Wednesday, the shares of Adani Energy Solutions Ltd, trading at Rs. 791 down by 4 percent after making a low of Rs 785.10 compared to its previous closing price of Rs 813.35.
What happened
Adani Energy Solutions Ltd secured a significant project worth approximately Rs. 25,000 crores for the Bhadla-Fatehpur HVDC (High Voltage Direct Current) transmission system. This project aims to evacuate 6 GW of renewable energy from Rajasthan to the North Indian grid and aims to deliver this project in 4.5 years on BOOT basis.
Furthermore, this is AESL’s largest order win to date, bringing its current order book to Rs. 54,761 crore, with transmission lines spanning 25,778 ckm and a transformation capacity of 84,186 MVA.
Additionally, Adani Energy Solutions Ltd, also has executed a Share Purchase Agreement (SPA) under Tariff Based Competitive Bidding on January 20, 2025, to acquire 100 percent equity shares of Rajasthan Part I Power Transmission Limited (RPIPTL) from REC Power Development & Consultancy Limited.
This project aims to evacuate 6 GW of renewable energy from Rajasthan to the North Indian grid. AESL will establish a 6,000 MW HVDC system between Bhadla (Rajasthan) and Fatehpur (Uttar Pradesh), contributing to the country’s renewable energy transmission, with plans to deliver the project in 4.5 years.
Management Commentary
Kandarp Patel, CEO, AESL said “By enabling efficient evacuation of renewable energy from some of the most inhospitable regions of the country and connecting them to the national grid, AESL is playing its role in India’s decarbonization journey. We will be deploying the latest technology and practices to deliver the project in time and with minimal environmental impact”.
About the Company
Adani Energy Solutions Ltd (AESL), a part of the Adani Group, is a leading player in India’s energy sector, operates the largest private transmission network in India, with a presence in key sectors such as power generation, renewable energy, and energy distribution.
Financials
The company’s revenue rose by 65.8 percent from Rs 3,766.46 crore to Rs 6,359.8 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 275.88 crores to Rs 674.96 crore during the same period.
Written by Sridhar J
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