Adani Energy Solutions won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year. In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore."This is the highest order book amongst all private sector transmission companies," the company filing claimed.The company has a transmission network of 26,485 ckm as of December 31, 2024 and includes operational, under-construction assets. It has built the longest Private HVDC (High voltage direct current) line.Its distribution subsidiary Adani Energy Mumbai Limited (AEML) reported a 3% year-on-year jump in total units sold in Q3FY25 at 2,574 million units driven by rising demand. The company maintained supply reliability (ASAI) of more than 99.9% while the distribution loss in AEML improved to 4.66%, the company filing claimed.E-payment as a percentage of total collection increased to 83.58%, signifying higher digital adoption. With robust industrial and commercial demand, the units sold in MUL increased by 30% YoY to 236 million units versus 182 million units last year, the filing said.In the smart metering business, the under-construction pipeline stands at 22.8 million smart meters across nine contracts. "The smart meter installation is progressing well with higher ramp-up expected in Maharashtra circle. The untapped market opportunity is 101 million smart meters," the filing said.Also Read: HDFC AMC Q3 Results: Cons PAT jumps 31% YoY to Rs 641 crore, revenue up 39%The transmission business has presence in 14 states while smart meters business has presence in 5 states. Shares of Adani Energy Solutions today ended at Rs 773 on the NSE, surging by Rs 84.25 or 12.23%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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