Adani Energy Solutions shares in focus after Co wins projects worth Rs 28,455 crore
Adani Energy Solutions shares will remain in focus on Wednesday after the company won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year.
In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore.
«This is the highest order book amongst all private sector transmission companies,» the company filing claimed.
The company has a transmission network of 26,485 ckm as of December 31, 2024 and includes operational, under-construction assets. It has built the longest Private HVDC (High voltage direct current) line.
Its distribution subsidiary Adani Energy Mumbai Limited (AEML) reported a 3% year-on-year jump in total units sold in Q3FY25 at 2,574 million units driven by rising demand. The company maintained supply reliability (ASAI) of more than 99.9% while the distribution loss in AEML improved to 4.66%, the company filing claimed.
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