Rs 54,761 crore order book: Adani Group-backed power company wins largest-ever order worth Rs 25,000 crore for Bhadla-Fatehpur HVDC Project

The stock is up by 40 per cent from its 52-week low of Rs 826 per share.

Adani Energy Solutions Ltd (AESL), a prominent player in India's energy sector, has achieved a significant milestone with the acquisition of a prestigious Rs 25,000 crore order for the Bhadla-Fatehpur High Voltage Direct Current (HVDC) transmission project. This marks the largest order win in AESL's history, solidifying its position as a leader in the transmission and distribution domain. The project, awarded through a competitive bidding process overseen by REC Power Development & Consultancy Ltd (RECPDCL), involves the establishment of a 6,000 MW HVDC system spanning approximately 2,400 kilometres between Bhadla in Rajasthan and Fatehpur in Uttar Pradesh.

This strategic move will play a crucial role in facilitating the evacuation of 6 GW of renewable energy generated from various Renewable Energy Zones (REZs) in Rajasthan, addressing the growing demand for clean energy in North India. By efficiently transmitting power over long distances, the HVDC technology minimizes energy losses and enhances grid stability. This project aligns with India's ambitious renewable energy targets and will contribute significantly to the country's transition towards a sustainable energy future.

AESL's order book has now surged to an impressive Rs 54,761 crore, reflecting its growing dominance in the sector. With this addition, AESL's transmission network will expand to an extensive 25,778 kilometres, further strengthening its grid connectivity capabilities. Notably, AESL is the sole private sector entity in India to possess an operational HVDC asset, highlighting its expertise and technological prowess in this specialized field. The company's commitment to timely project execution is evident in its plan to commission the Bhadla-Fatehpur project within 4.5 years, adhering to a Build, Own, Operate, and Transfer (BOOT) model.

This landmark achievement underscores AESL's strategic vision and its commitment to contributing to India's energy infrastructure development. The company's expanding order book and its foray into cutting-edge technologies like HVDC position it for sustained growth and a significant role in shaping the future of India's energy landscape. This project not only reinforces AESL's position as a key player in the energy sector but also signifies a crucial step towards India's goal of achieving energy independence and a cleaner, greener energy future.

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 98,000 crore and DIIs increase stake in December 2024. The stock is up by 40 per cent from its 52-week low of Rs 826 per share. From Rs 28.35 to Rs 826 per share, the stock gave multibagger returns of 2,800 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.