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Indian energy firm Adani Energy Solutions has been awarded a 4,700 crore rupee transmission project in Maharashtra, prompting a rise in its share price. The contract will support regional power grid development and expand the company’s infrastructure portfolio.
Adani Energy Solutions anticipates a 32% profit growth by fiscal year 2026, driven by recent project wins and a substantial transmission pipeline under construction.
Adani Energy Solutions has secured an ₹8,500 crore power transmission project in Andhra Pradesh, which will support the growing load requirements from the Pendurthi-Vizag region, including data center and digital infrastructure investments.
Adani Energy Solutions Limited (AESL) has signed an agreement to acquire the entire equity share capital of IntelliSmart, a smart meter firm, for ₹3,050 crore, which also includes the redemption of optionally convertible debentures held by NIIF.