Adani Energy Solutions (AESL), an electricity transmission and distribution company, has secured two significant transmission projects, bringing its total order book to Rs 54,700 crore. This is a substantial increase from Rs 17,000 crore at the beginning of the fiscal year 2024-25.
New Projects and Market Position
In the third quarter of FY25 (October-December 2024), AESL won two transmission projects worth Rs 28,455 crore in Rajasthan, linked to the renewable energy park. The largest of these projects is the Rs 25,000 crore Bhadla-Fatehpur HVDC transmission project, which is now the company’s biggest order win.
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These new orders have increased AESL’s market share in Tariff-Based Competitive Bidding (TBCB) orders to 24%, up from 17% in the second quarter, cementing its position in the transmission sector.
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AESL also made progress in expanding its transmission network. During the quarter, the company commissioned one transmission line, adding over 1,000 circuit kilometers to its infrastructure. This brings its total network to 26,485 circuit kilometers and a transformation capacity of 84,286 MVA, up from 20,422 cKM and 54,661 MVA in December 2023.
On the distribution side, AESL supplies power to over 3 million customers in the Mumbai metropolitan area and the Mundra SEZ. The company reported a 3% increase in power sales in Mumbai, totaling 2.57 billion units, while power sales in Mundra saw a significant 30% increase, reaching 236 million units.
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AESL is also focusing on expanding its smart metering business. The company was the lowest bidder for a cancelled tender for 8.2 million smart meters in Tamil Nadu and plans to participate in future rebidding opportunities. AESL expects to add 4.5 million smart meters by FY25 and a total of 10 million by FY26.
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