Ahmedabad, June 9 (IANS) India’s leading energy solutions provider, Adani Energy Solutions Limited (AESL), on Tuesday announced that it has signed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent stake in smart metering company IntelliSmart Infrastructure Private Limited in a transaction valued at Rs 3,050 crore.The proposed acquisition will strengthen AESL’s position in the smart metering segment and take its total smart meter portfolio to more than 4….
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Ahmedabad, April 23 (IANS) Adani Energy Solutions Limited (AESL) on Thursday reported a robust 32 per cent adjusted net profit growth (year-on-year) at Rs 2,393 crore in FY26, aided by double-digit EBITDA growth and flat depreciation during the year.EBITDA rose 12.7 per cent YoY to a record Rs 8,726 crore, supported by strong growth in the transmission and smart metering segments and steady performance in the distribution business, the Adani Group company said in an exchange filing.Total income …
Mumbai, April 8 (IANS) In a commitment to operational excellence, Adani Electricity observed National Safety Month across its various divisions in the month of March.Aligning with the national theme, titled “Engage, Educate & Empower People to Enhance Safety,” the company organised specialised training sessions, safety drills, and awareness workshops for its staff and field teams. The initiative underscores Adani Electricity’s “Zero Harm” policy and its dedication to ensuring the safety …
Mumbai, March 21 (IANS) Adani Electricity Mumbai Limited (Adani Electricity), part of the diversified Adani Group, has retained its position as India’s top-ranked distribution utility for the second consecutive year with a score of 92.5, reflecting consistent performance across key parameters, the company said on Saturday.Adani Electricity received an A+ rating among 66 electricity distribution utilities assessed nationwide, driven by supply reliability, billing accuracy and effective grievanc…
Ahmedabad, Feb 9 (IANS) Adani Energy Solutions Ltd (AESL) on Monday said it has secured long-term financing from a consortium of Japanese banks for its flagship high-voltage direct current (HVDC) transmission project.This project will ensure a 6,000 MW green evacuation corridor designed to strengthen the flow of renewable power across northern India — enough to power 60 million households.The 950-kilometre corridor will connect Bhadla in Rajasthan to Fatehpur in Uttar Pradesh. Scheduled for com…
Ahmedabad, Feb 5 (IANS) In a significant development, Adani Energy Solutions Limited (AESL) on Thursday became the first player in India, and perhaps globally, to have successfully delivered 1 crore electricity smart meters across discoms — with the next 1 crore projected to be delivered in the coming financial year (FY27).As India’s leading AMISP (Advanced Metering Infrastructure Service Provider), AESL has a mandate to install 2.5 crore smart meters across five states. At 25,000 per day, i…
Ahmedabad, Jan 22 (IANS) Adani Energy Solutions Limited (AESL) on Thursday reported a 30 per cent year-on-year (YoY) rise in its adjusted profit after tax (PAT) for the third quarter of the current financial year (Q3 FY26), supported by robust execution across its key business segments despite a challenging operating environment.EBITDA for the quarter touched an all-time high of Rs 2,210 crore — marking a 21 per cent increase compared to the same period last financial year, according to its sto…