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Adani Energy Solutions (AESL) today said that it has achieved the distinction of being the highest ESG-scored company globally in the Utilities sector as assessed by S&P Global, following the completion of S&P Global's latest Media and Stakeholder Analysis (MSA) review.
Following the review, the governance-related assessment that had previously been impacted was corrected thereby, resulting in significant enhancement of the company's ESG standing. As a result, AESL has secured an ESG Score of 90 out of 100, placing it at the top of the global utilities sector, against the industry average of 41. Prior to this review, AESL's score was at 81. The company's disclosure-based Corporate Sustainability Assessment (CSA) score has also increased by 17 points year-on-year to being at 90.
Adani Energy Solutions (AESL) won a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of ~Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR).
The project, called 'Network Expansion Scheme in Western Region to Cater to Pumped Storage Potential near Satara (up to 4500 MW) - Part A', was won through the Tariff Based Competitive Bidding (TBCB) process, where AESL emerged as the lowest bidder.
Housed under Special Purpose Vehicle (SPV) Satara Power Transmission, the project will be delivered to the nation within 36 months. It will add 562 circuit kilometres (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL's portfolio, taking its cumulative transmission network to 29,739 ckm and 1,43,425 MVA transformation capacity
The project, which entails an estimated capital expenditure of Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR).
The project was won through the tariff based competitive bidding (TBCB) process, where AESL emerged as the lowest bidder.
Housed under special purpose vehicle (SPV) Satara Power Transmission, the project would be executed within a period of 36 months.
The project includes establishment of a 765/400 kV substation at Satara, Kolhapur-Satara 765 kV double-circuit transmission line, and augmentation of the Kolhapur pooling station along with associated transmission infrastructure.
The project will add 562 circuit kilometres (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL’s portfolio, taking its cumulative transmission network to 29,739 ckm and 1,43,425 MVA transformation capacity.
Kandarp Patel, CEO, Adani Energy Solutions, said: 'Pumped storage projects are emerging as a critical enabler of India's clean energy transition by providing the flexibility and reliability required to integrate large-scale renewable energy into the grid.
The Satara transmission project will create a vital transmission backbone to supports both renewable energy evacuation and energy storage deployment, strengthening power flows between Southern and Western India.'
Adani Energy Solutions is a key player in India’s power transmission, distribution, and energy infrastructure space, with a growing presence in smart metering and cooling solutions.
The company's consolidated net profit rose 124.22% to Rs 1149.06 crore on a 42.41% increase in revenue to Rs 9,711.08 crore in Q1 FY27 as compared with Q1 FY26.
The scrip rose 0.84% to currently trade at Rs 1603.30 on the BSE.
Adani Energy Solutions Ltd rose for a fifth straight session today. The stock is quoting at Rs 1621.2, up 3.34% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 24444.3. The Sensex is at 78329.41, up 0.73%. Adani Energy Solutions Ltd has added around 3.23% in last one month.
Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has added around 0.53% in last one month and is currently quoting at 39178.6, up 0.76% on the day. The volume in the stock stood at 35.53 lakh shares today, compared to the daily average of 25.22 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1627.8, up 3.05% on the day. Adani Energy Solutions Ltd is up 83.53% in last one year as compared to a 3.99% fall in NIFTY and a 8.05% fall in the Nifty Energy index.
The PE of the stock is 330.37 based on TTM earnings ending March 26.
Adani Energy Solutions Ltd gained for a third straight session today. The stock is quoting at Rs 1541.8, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24129.55. The Sensex is at 77320.29, up 0.52%. Adani Energy Solutions Ltd has gained around 3.26% in last one month.
Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has gained around 1.37% in last one month and is currently quoting at 39764.85, down 0.3% on the day. The volume in the stock stood at 18.94 lakh shares today, compared to the daily average of 27.58 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1544.6, up 0.85% on the day. Adani Energy Solutions Ltd is up 76.16% in last one year as compared to a 5.02% slide in NIFTY and a 9.03% slide in the Nifty Energy index.
The PE of the stock is 320.29 based on TTM earnings ending March 26.