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Adani Energy Solutions has executed a binding securities purchase and subscription agreement (“SPSA”) to acquire a 100% equity stake in IntelliSmart Infrastructure, a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters.
The proposed Rs 3,050 crore transaction includes acquisition of the 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The transaction closing is subject to regulatory and other customary approvals.
IntelliSmart is one of India's leading owners and operators of smart meter assets, with a total portfolio of 2.2+ crore meters across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar and Assam. IntelliSmart's presence across high-growth consumer markets provides a strong runway for future expansion.
The acquisition is in line with AESL's strategy to pursue value-accretive growth through both organic and inorganic opportunities. The acquisition is expected to deliver synergies through economies of scale, optimisation of operations and maintenance costs, and integration with AESL's broader energy and infrastructure platform.
Adani Energy Solutions Ltd is up for a third straight session today. The stock is quoting at Rs 1607.9, up 1.83% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.52% on the day, quoting at 23245.3. The Sensex is at 73920.49, down 0.43%. Adani Energy Solutions Ltd has gained around 19.96% in last one month.
Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has gained around 0.31% in last one month and is currently quoting at 40346.1, down 0.44% on the day. The volume in the stock stood at 43.01 lakh shares today, compared to the daily average of 40.71 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1613.9, up 1.51% on the day. Adani Energy Solutions Ltd is up 78.38% in last one year as compared to a 7.4% slide in NIFTY and a 10.49% slide in the Nifty Energy index.
The PE of the stock is 332.52 based on TTM earnings ending March 26.
In a separate transaction, SBI Mutual Fund bought 1.64 crore shares, equivalent to a 1.27% stake, in Adani Enterprises at Rs 2,913.40 per share from the same seller.
The latest acquisition follows another transaction on 14 May 2026, when SBI Mutual Fund purchased 58.92 lakh shares, or a 0.45% stake, in Adani Enterprises from GQG Partners Emerging Markets Equity Fund at Rs 2,435.60 per share.
Shareholding data for the quarter ended March 2026 showed GQG Partners Emerging Markets Equity Fund held a 1.59% stake in Adani Enterprises and a 1.91% stake in Adani Energy Solutions. Following the May transaction, GQG's holding in Adani Enterprises declined to 1.14%.
As of March 2026, SBI Equity Hybrid Fund held a 3.67% stake in Adani Energy Solutions.
Shares of Adani Enterprises closed at Rs 3,047.85 on 05 June 2026, up 2.52%, while Adani Energy Solutions gained 3.92% to settle at Rs 1,579.45.
Adani Energy Solutions Ltd is up for a fifth straight session today. The stock is quoting at Rs 1541.5, up 0.09% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 23849.9. The Sensex is at 75777.13, down 0.12%. Adani Energy Solutions Ltd has gained around 14.84% in last one month.
Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has gained around 1.32% in last one month and is currently quoting at 41535.75, down 0.54% on the day. The volume in the stock stood at 21.45 lakh shares today, compared to the daily average of 42.4 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 1552.2, up 0.13% on the day. Adani Energy Solutions Ltd is up 77.76% in last one year as compared to a 3.64% slide in NIFTY and a 15.14% slide in the Nifty Energy index.
The PE of the stock is 324.19 based on TTM earnings ending March 26.
Adani Energy Solutions Ltd, Honasa Consumer Ltd, Phoenix Mills Ltd, Rashtriya Chemicals & Fertilizers Ltd are among the other stocks to see a surge in volumes on BSE today, 22 May 2026.
One 97 Communications Ltd notched up volume of 87.67 lakh shares by 10:46 IST on BSE, a 68.05 fold spurt over two-week average daily volume of 1.29 lakh shares. The stock slipped 3.74% to Rs.1,112.10. Volumes stood at 1.09 lakh shares in the last session.
Adani Energy Solutions Ltd registered volume of 49.77 lakh shares by 10:46 IST on BSE, a 30.96 fold spurt over two-week average daily volume of 1.61 lakh shares. The stock rose 2.65% to Rs.1,375.40. Volumes stood at 1.87 lakh shares in the last session.
Honasa Consumer Ltd saw volume of 13.21 lakh shares by 10:46 IST on BSE, a 17.11 fold spurt over two-week average daily volume of 77182 shares. The stock increased 6.72% to Rs.384.20. Volumes stood at 4.35 lakh shares in the last session.
Phoenix Mills Ltd witnessed volume of 1.02 lakh shares by 10:46 IST on BSE, a 12.51 times surge over two-week average daily volume of 8115 shares. The stock dropped 1.01% to Rs.1,777.80. Volumes stood at 9193 shares in the last session.
Rashtriya Chemicals & Fertilizers Ltd witnessed volume of 7.56 lakh shares by 10:46 IST on BSE, a 11.81 times surge over two-week average daily volume of 63993 shares. The stock increased 5.35% to Rs.131.90. Volumes stood at 88094 shares in the last session.
Adani Energy Solutions Ltd fell for a fifth straight session today. The stock is quoting at Rs 1262.8, down 5.79% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.15% on the day, quoting at 23542.8. The Sensex is at 75030.71, down 1.3%.Adani Energy Solutions Ltd has gained around 7.44% in last one month.Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has increased around 7.3% in last one month and is currently quoting at 40043.3, down 0.33% on the day. The volume in the stock stood at 30.86 lakh shares today, compared to the daily average of 40.51 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 1283.6, down 4.73% on the day. Adani Energy Solutions Ltd jumped 39.66% in last one year as compared to a 4.21% slide in NIFTY and a 15.52% spurt in the Nifty Energy index.
The PE of the stock is 282.07 based on TTM earnings ending March 26.
For the full year,net profit rose 115.34% to Rs 2282.54 crore in the year ended March 2026 as against Rs 1059.97 crore during the previous year ended March 2025. Sales rose 16.08% to Rs 27588.03 crore in the year ended March 2026 as against Rs 23767.09 crore during the previous year ended March 2025.
Revenue from operations stood at Rs 4,400 crore in Q4 FY26, up 6.9% YoY from Rs 4,116 crore in the year-ago period.
Total income came in at Rs 7,588 crore in Q4 FY26, registering a 15.0% YoY growth, supported by stable performance across business segments and higher income from service concession arrangements.
EBITDA stood at Rs 2,372 crore in Q4 FY26, up 4.9% YoY. Operating EBITDA rose 12.7% YoY to Rs 1,981 crore, indicating steady performance across transmission, distribution, and smart metering segments.
Operationally, the company benefited from contributions of newly commissioned transmission assets including Khavda Ph-II-A, KPS-1, Sangod, NKTL, and the Mumbai HVDC project, along with continued traction in the smart metering business.
In the transmission segment, system availability remained robust at over 99.7%, with incentive income of Rs 136 crore in FY26. The company also commissioned its second HVDC project in Mumbai, enhancing transmission capacity by 1,000 MW.
The distribution business delivered stable performance, with Mumbai unit sales rising 4% YoY to 2,508 MUs in Q4 FY26, while distribution losses remained among the lowest at 4.20%.
For the full year, net profit surged 159.6% to Rs 2,393 crore in FY26 from Rs 922 crore in FY25. On a like-for-like basis, adjusted PAT increased 32.3% YoY, with FY25 adjusted for a one-time impact related to the Dahanu power plant carve-out.
Revenue from operations rose 7.3% to Rs 18,296 crore in FY26, while total income increased 15.9% to Rs 28,325 crore.
EBITDA for FY26 stood at Rs 8,726 crore, up 12.7% YoY, while operating EBITDA rose 12.7% YoY to Rs 7,407 crore, driven by strong growth in transmission and smart metering and stable performance in distribution and EPC segments.
Looking ahead, the company has a strong transmission pipeline of 13 projects worth Rs 71,779 crore, with a broader tendering opportunity of around Rs 1.5 lakh crore. In distribution, the regulated asset base stood at Rs 10,521 crore, up 10.2% YoY.
In the smart metering segment, the company has installed 113.6 lakh meters so far, with an under-implementation pipeline of 24.6 million meters, representing a revenue opportunity of over Rs 29,519 crore.
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.
Shares of Adani Energy Solutions were down 3.68% at Rs 1311.45 on the BSE.