Adani Energy Solutions (AESL), part of Adani Group, on Friday said it has won a power transmission project in Gujarat.
AESL won the project under the tariff-based competitive bidding (TBCB) mechanism and PFC Consulting was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025.
This is AESL’s sixth order win this fiscal year, taking its orderbook to Rs 57,561 crore, it said.
As part of the project, the company will supply green electrons for manufacturing green hydrogen and green ammonia in Mundra, Gujarat. The project will cost Rs 2,800 crore and will be delivered in 36 months, it said.
The project involves an upgradation of the Navinal (Mundra) electrical substation by adding two large 765/400kV transformers. Additionally, a 75 km long 765kV double-circuit line will be constructed to connect this substation to the Bhuj substation, it added.
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The company’s transmission Ebitda is likely to double to Rs 7,600 crore by FY27E, driven by India’s renewable energy (RE) target, Elara Capital said recently.
In distribution, Mundra SEZ demand is set to surge from 50MW to 5GW, pushing regulated asset base (RAB) to Rs 1,500-2,000 crore, while Mumbai operations would get an annual capex of Rs 1,200 crore to Rs 1,500 crore, which would increase regulated equity to Rs 6,000 crore by FY27.
Recently, L&T Electrolyser dispatched an indigenously manufactured High-Pressure Alkaline Electrolyser for installation at the upcoming 1 MW green hydrogen plant at Deendayal Port, Kandla.
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