Net profit of Adani Energy Solutions rose 144.66% to Rs 674.96 crore in the quarter ended September 2024 as against Rs 275.88 crore during the previous quarter ended September 2023. Sales rose 68.32% to Rs 6183.70 crore in the quarter ended September 2024 as against Rs 3673.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales6183.703673.87 68 OPM %27.7436.75 - PBDT1078.30801.92 34 PBT594.23369.87 61 NP674.96275.88 145 Powered by Capital Market - Live News

Adani Energy Solutions will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live News

Adani Energy Solutions has completed acquisition of Khavda Phase IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy (RECPDCL). Khavda IVA Power Transmission, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up transformation capacity of 4,500 MVA.Khavda, the world`s largest renewable energy park, with a planned generation capacity of 30 GW, will immensely contribute to India`s decarbonization journey. The award of this project to AESL boosts the availability of critical transmission infrastructure required for evacuation of clean energy. The Adani Group`s focused approach will also ensure the transformation of Khavda from a barren stretch of land into a landmark in India`s net zero journey. AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and will commission the project in the next 24 months on BOOT (Build, Own Operate, and Transfer) basis and maintain it for the next 35 years. The company will invest ~Rs 4,091 crore to build the ~298 km (596 ckm) transmission project. The project also includes setting up of 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors. Powered by Capital Market - Live News

Adani Energy Solutions (AESL) has executed Share Purchase Agreement (SPA) with REC Power Development and Consultancy (RECPDCL) for acquiring 100% Equity Shares of Khavda IVA Power Transmission (KPTL).KPTL project includes setting up of ~298 km (596 ckm) transmission line, 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors.This acquisition is proposed to further AESL`s strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. KPTL will aim to implement evacuation of 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package.Powered by Capital Market - Live News

Adani Energy Solutions announced the closure of its QIP issue on 02 August 2024. The company has determined and approved issue price of Rs 976.00/- per equity share (including a premium of Rs 966.00 per equity share), which takes into account a discount of 4.98% (i.e. Rs 51.1125 per equity share) to the floor price of Rs 1,027.1125/- per equity share. Powered by Capital Market - Live News