Adani Energy Solutions Limited (AESL) has emerged as the successful bidder for a significant power transmission project in Gujarat worth ₹2,800 crore. The project is paramount in supporting green hydrogen and ammonia manufacturing in Mundra, as per a regulatory filing dated March 21, 2025.
Trading of Adani Energy Solutions Limited (AESL) shares on the NSE saw an uptick, with the shares priced at ₹838.05, up by ₹22.95 or 2.82 per cent at 12.50 pm today.
The company recently finalized a Share Purchase Agreement with PFC Consulting Limited on March 20 to procure 100 per cent equity shares of Mundra I Transmission Limited (MITL), which will oversee the project. The project encompasses upgrading the Navinal substation in Mundra by incorporating two 765/400kV transformers and constructing a 75-kilometre 765kV double-circuit line linking to the Bhuj substation.
This strategic development, secured through Tariff Based Competitive Bidding, will enhance AESL’s network with an additional 150 circuit kilometres of transmission lines and 3,000 MVA of transformation capacity. The project is slated to be completed within a span of 36 months.
AESL, as India’s largest private transmission and distribution company, considers this win as its sixth order in the ongoing fiscal year, boosting its total order book to approximately ₹57,561 crore. Currently, the company operates a transmission network spanning 25,928 circuit kilometres with 87,186 MVA transformation capacity, catering to around 13 million consumers in Mumbai and Mundra SEZ through its electricity distribution business.
