Why Adani Energy Shares Rose Over 6% Today?

On January 14, 2025, Adani Energy Solution shares soared nearly 6% and touched the day high of ₹735 at 09:45 AM after opening at ₹701.15 on BSE. The gain in Adani Energy share price came after the company released its provisional update for Q3FY25.

Transmission Business

• The company maintained a strong system availability of 99.7% in Q3FY25.
• During Q3FY25, it added 225 circuit kilometers (ckm) to its network, bringing the total transmission network to 26,485 ckm.
• Adani Energy Solutions secured two major projects: Khavda Phase IV Part-D, valued at ₹3,455 crore, and Rajasthan Phase III Part-I (Bhadla-Fatehpur HVDC) with a preliminary cost of approximately ₹25,000 crore.
• The company also received a Letter of Intent (LOI) for Rajasthan Phase III Part-I, marking its largest order win to date.
• The new project wins in FY25 have expanded the under-construction project pipeline to approximately ₹54,700 crore, up from ₹17,000 crore at the beginning of the year.

Distribution Business (AEML and MUL)

AEML (Adani Electricity Mumbai Ltd.)

• Distribution losses in AEML improved to 4.66%.
• The supply reliability (ASAI) was maintained at over 99.9%.
• Total units sold in Q3FY25 rose by 3% YoY to 2,574 million units, driven by increased demand.
• E-payment as a percentage of total collections rose to 83.58%, reflecting higher digital adoption.

MUL (MPSEZ Utilities Limited)

Units sold in MUL surged by 30% YoY to 236 million units, up from 182 million units last year, driven by strong industrial and commercial demand.

Smart Metering Business

• The under-construction smart meter pipeline now stands at 22.8 million meters across nine contracts.
• Installation is progressing well, with a higher ramp-up expected in Maharashtra.
• The untapped market opportunity is estimated at 101 million smart meters.

Other Key Updates

• The MP Package-2 transmission line has been fully commissioned.
• AESL was the lowest bidder in the cancelled smart metering tender for 8.2 million meters in Tamil Nadu. Although the order is not part of its current pipeline, the company plans to participate in the rebidding.
• AESL has joined UNEZA, a global alliance for clean energy and renewable infrastructure development, becoming the first company in India’s power and utilities sector to do so. This alliance focuses on developing grid infrastructure for green energy evacuation.
• As of December 31, 2024, the share of renewable power supplied to the Mumbai circle stood at 36%, with a target of 60% by FY27.

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