Adani Energy Solutions Expands Project Pipeline to ₹54,700 Crore in Q3 Update: Boosts Smart Metering with 22.8 Million Meters Under Construction
Adani Energy Solutions has become the new standard in the energy sector with this quarter. During the quarter under review ending December 2024, the company achieved transmission projects valued at ₹28,455 crores.
At present, this has increased the under-construction project pipeline for the company to ₹54,700 crores. This amounts to a good growth from the ₹17,000 crores marked at the beginning of the year, emphasizing its drive toward large-scale infrastructure development.
Adani Wins Vital Projects in Rajasthan and Gujarat
There were two major orders that led the company to such achievements. First, ₹3,455 crores for the Khavda Phase IV Part-D transmission project; then, it comes to ₹25,000 crores for Rajasthan Phase III Part-I for Bhadla – Fatehpur HVDC projects. These updates made it clear why Adani Energy had a superior role among private companies in the Indian market in this category. Leading the way
Leading in Transmission Infrastructure
The company operates an expansive transmission network spanning 26,485 circuit kilometers (ckm) as of December 2024. This includes the longest private High Voltage Direct Current (HVDC) line, cementing its reputation for innovation in power infrastructure.
Strong Growth in Distribution Business
The distribution arm of Adani Energy Mumbai Limited also reported good times. Total units sold increased by 3% over the year earlier to 2,574 million in Q3FY25.
With industrial and commercial demand driving robust growth, Mumbai Urban Limited also saw units sales increase by a whopping 30% year over year. Efficiencies at AEML continue their march upwards too, with loss of distribution narrowing to 4.66%, and reliability crossed 99.9%.
Transformation Digital Momentum Built
Digital adoption also showed a big leap with e-payments now standing at 83.58% of collections. In smart metering, the company is progressing rapidly with 22.8 million smart meters under construction.
Installation rates in Maharashtra have increased due to a higher demand for smart solutions. An untouched market of 101 million meters is still awaiting its share of the solution.
Shares Shoot Through the Roof as Market Reacts Positively
On Wednesday, shares of Adani Energy surged to ₹773 on the NSE, thus increasing by 12.23%. The growth and strategic achievement of the company have been a positive reaction of the market toward its strong hold in the energy sector.