Rs 57,561 crore order book: Adani Group-backed power company wins Rs 2,800 crore transmission project in Gujarat for green hydrogen/ammonia manufacturing
From Rs 28.35 to Rs 846.15 per share, the stock gave multibagger returns of 2,885 per cent in a decade.
Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said it has won a power transmission project in Gujarat, which will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra, Gujarat. The project which will cost Rs 2,800 crore, will be delivered to the nation in 36 months.
This project "Transmission System for Green Hydrogen/Ammonia Manufacturing Potential in Mundra, Gujarat” involves upgrading 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.
The project will see the addition of 150 cKM of transmission lines and 3,000 MVA of transformation capacity to AESL’s overall transmission infrastructure, taking them to 25,928 ckm and 87,186 MVA, respectively. AESL won the project under the Tariff Based Competitive Bidding (TBCB) mechanism and PFC Consulting Limited was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025. This is AESL’s 6th order win this fiscal year, taking its order book to Rs 57,561 crore.
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About Adani Energy Solutions Ltd (AESL)
AESL, a key player in the Adani portfolio, is a multifaceted energy company operating in various sectors, including power transmission, distribution, smart metering, and cooling solutions. As India's largest private transmission company, AESL boasts a vast network of 21,783 ckm and a transformation capacity of 61,686 MVA. In its retail electricity distribution business, AESL serves over 13 million consumers in Mumbai and Mundra SEZ. The company is actively expanding its smart metering business, aiming to become a leading integrator in the field. With its integrated offerings, including parallel licenses, competitive retail solutions, and a significant share of green power, AESL is revolutionizing the way energy is delivered to end consumers. AESL is a driving force in transforming the energy landscape towards a more reliable, affordable, and sustainable future.
The company has a market cap of Rs 99,880 crore and DIIs increase stake in December 2024. The stock is up by 44 per cent from its 52-week low of Rs 588.25 per share. From Rs 28.35 to Rs 846.15 per share, the stock gave multibagger returns of 2,885 per cent in a decade. Investors should keep an eye on this power company.
Disclaimer: The article is for informational purposes only and not investment advice.