Adani Energy Solutions share: Adani Energy Solutions Limited (AESL), India’s largest electricity transmission and distribution company, has won two new transmission projects. With this the order book of the company has increased to Rs 54700 crore. This is more than three times the orders received at the beginning of the current financial year 2024-25. Last Friday, a rise of 1.69 percent was seen in the company’s shares and the stock closed at Rs 805.65 on BSE. The market cap of the company is Rs 96781 crore.
Adani Energy Solutions gets two new transmission projects worth Rs 28455 crore
Investment banking company Jefferies said in a report that Adani Energy won two new transmission projects worth Rs 28,455 crore related to renewable energy parks in Rajasthan in the October-December quarter. These include the Rs 25,000 crore Bhadla-Fatehpur HVDC project, which is AESL’s largest order till date. These orders have increased the company’s market share in TBCB (Tariff-Based Competitive Bidding) to 24 percent from 17 percent in the second quarter.
Adani Energy Solutions now has order book worth Rs 54700 crore
AESL’s current order book now stands at Rs 54700 crore, compared to Rs 17000 crore at the beginning of the current financial year. This is the highest order book among all private sector transmission companies. During the quarter the company commissioned one transmission line, adding more than 1000 circuit kilometers to its network, with a transformation capacity of 26485 cKM and 84286 MVA. By December 2023, these were 20422 cKM and 54661 MVA.
In distribution, the company supplies electricity to more than 30 lakh customers in Mumbai Metropolitan and Mundra SEZ areas. During the quarter, the Mumbai market saw a 3 per cent year-on-year growth in power sales to 2.57 billion units, while the Mundra market saw a 30 per cent growth to 236 million units. The company has applied for parallel distribution license in Navi Mumbai, Kutch and Ghaziabad-Jewar-Bulandshahr region.
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