Adani Energy Solutions Ltd (AESL) on Friday, May 30, said it has won a ₹1,660-crore inter-state transmission project in Maharashtra.
The project scope includes the establishment of 3,000 mega volt-amperes (MVA) of sub-station capacity, besides other related transmission infrastructure, taking AESL’s overall transmission network to 26,696 ckm (circuit kilometre) and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028.
The project, housed under the special purpose vehicle (SPV) WRNES Talegaon Power Transmission Ltd, will help evacuate 1.5 GW of green power from upcoming hydro pumped storage projects (PSP) in the region and will help meet demand from Mumbai and surrounding areas. The project SPV was formally transferred to AESL today.
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Adani Energy Solutions won this inter-state transmission system (ISTS) project under the tariff-based competitive bidding (TBCB) mechanism, with REC Power Development and Consultancy Ltd (RECPDCL) the bid process coordinator. With this order win, Adani Energy Solutions’ transmission order book now stands at ₹61,600 crore.
Q4
For the fourth quarter ended March 2025, Adani Energy Solutions’ net profit surged 79% year-on-year (YoY) to ₹647.2 crore, up from ₹361.4 crore a year ago. The company’s revenue also rose sharply by 35.4% to ₹6,374.6 crore.
EBITDA for the quarter stood at ₹2,251.2 crore, reflecting a 43.8% YoY rise. Margins expanded to 35.3% from 33.3% in Q4FY24, indicating improved operational efficiency and cost control.
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The company stated that its full-year (FY25) EBITDA increased 23% to a record ₹7,746 crore, supported by double-digit revenue growth in the transmission segment, a 13% YoY rise in the regulated asset base of its Mumbai utility, and higher treasury income.
Shares of Adani Energy Solutions Ltd ended at ₹867.65, down by ₹13.45, or 1.53%, on the BSE.
(Edited by : Shoma Bhattacharjee)
