Adani Energy Q3 Update: Co wins projects worth Rs 28,455 cr. Under-construction project pipeline at Rs 54,700 cr

Adani Energy Solutions won transmission projects worthy Rs 28,455 crore successful the 4th ended December 31, 2024, bolstering the company's under-construction task pipeline to Rs 54,700 crore from Rs 17,000 crore astatine the commencement of the year.

In its Q3FY25 update filed to the exchanges connected Tuesday, the Adani Group institution said that it won 2 transmission projects — 1 was Khavda Phase IV Part-D with a task outgo of Rs 3,455 crore and the 2nd was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary task outgo of Rs 25,000 crore.

"This is the highest bid publication amongst each backstage assemblage transmission companies," the institution filing claimed.

The institution has a transmission web of 26,485 ckm arsenic of December 31, 2024 and includes operational, under-construction assets. It has built the longest Private HVDC (High voltage nonstop current) line.

Its organisation subsidiary Adani Energy Mumbai Limited (AEML) reported a 3% year-on-year leap successful full units sold successful Q3FY25 astatine 2,574 cardinal units driven by rising demand. The institution maintained proviso reliability (ASAI) of much than 99.9% portion the organisation nonaccomplishment successful AEML improved to 4.66%, the institution filing claimed.

E-payment arsenic a percent of full postulation accrued to 83.58%, signifying higher integer adoption.

With robust concern and commercialized demand, the units sold successful MUL accrued by 30% YoY to 236 cardinal units versus 182 cardinal units past year, the filing said.

In the astute metering business, the under-construction pipeline stands astatine 22.8 cardinal astute meters crossed 9 contracts. "The astute metre installation is progressing good with higher ramp-up expected successful Maharashtra circle. The untapped marketplace accidental is 101 cardinal astute meters," the filing said.

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