Adani Energy Solutions Ltd (AESL), part of the Adani Group and India’s largest private sector transmission and distribution company, has secured a new inter-state transmission project in Maharashtra valued at ₹1,660 crore.
The project will involve the development of 3,000 Mega Volt-Amperes (MVA) of substation capacity and associated transmission infrastructure. Once completed, this will expand AESL’s total transmission network to 26,696 circuit kilometers (ckm) and its transformation capacity to 93,236 MVA.
The project is being implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd. It aims to support the evacuation of 1.5 gigawatts (GW) of renewable energy from upcoming hydro pumped storage projects in the region. The electricity will serve growing demand from Mumbai and its surrounding areas.
The project was awarded through the Tariff Based Competitive Bidding (TBCB) process. REC Power Development and Consultancy Ltd (RECPDCL) acted as the bid process coordinator. The SPV was formally transferred to AESL on the announcement day.
AESL is scheduled to commission the project by January 2028. With this addition, the company’s transmission order book has reached approximately ₹61,600 crore.
In the meantime, Adani Energy shares ended the trading session today at ₹867.80, down from the opening price of ₹881.05. During the day, the stock touched a high of ₹889.45 and a low of ₹862.00. Despite recent volatility, the stock remains well above its 52-week low of ₹588.00 but significantly below its 52-week high of ₹1,348.00.
