Adani Energy Solutions wins ₹2,800 cr Gujarat transmission project

Adani Energy Solutions Limited (AESL) has won a ₹2,800 crore power transmission project in Gujarat that will support green hydrogen and ammonia manufacturing in Mundra, according to a regulatory filing dated March 21, 2025.

The shares of Adani Energy Solutions Limited (AESL) were trading at ₹838.05 up by ₹22.95 or 2.82 per cent on the NSE today at 12.50 pm.

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The company executed a Share Purchase Agreement with PFC Consulting Limited on March 20 to acquire 100 per cent equity shares of Mundra I Transmission Limited (MITL), which will implement the project.

The new infrastructure will involve upgrading the Navinal substation in Mundra by adding two 765/400kV transformers and constructing a 75-kilometre 765kV double-circuit line connecting to the Bhuj substation.

This acquisition, secured through Tariff Based Competitive Bidding, will add 150 circuit kilometres of transmission lines and 3,000 MVA of transformation capacity to AESL’s network. The project is expected to be completed within 36 months.

AESL, India’s largest private transmission and distribution company, stated this is its sixth order win in the current fiscal year, bringing its total orderbook to approximately ₹57,561 crore.

The company currently operates a transmission network of 25,928 circuit kilometres with 87,186 MVA transformation capacity and serves around 13 million consumers in Mumbai and Mundra SEZ through its electricity distribution business.