Adani Energy Solutions Ltd (AESL) announced on Friday that it has secured a power transmission project worth ₹2,800 crore in Gujarat. The project is set to be completed within 36 months and will play a crucial role in supplying green electricity to support the manufacturing of Green Hydrogen and Green Ammonia at Mundra. AESL, India’s largest private transmission and distribution company, is part of the globally diversified Adani Portfolio.
Sixth Project Win This Fiscal Year
This win marks AESL’s sixth project award in the current fiscal year, boosting the company’s total order book to ₹57,561 crore.
Project Details
The new project involves upgrading the Navinal (Mundra) electrical substation by adding two high-capacity 765/400 kV transformers. Additionally, AESL will construct a 75-kilometer-long, 765 kV double-circuit transmission line to connect the Navinal substation to the Bhuj substation. This will enhance the efficiency and capacity of Gujarat’s power infrastructure.
As part of the project, AESL will add 150 circuit kilometers (cKM) of transmission lines and increase its transformation capacity by 3,000 MVA. With this expansion, AESL’s cumulative transmission network will reach 25,928 cKM and 87,186 MVA of transformation capacity.
Project Awarded Through Competitive Bidding
AESL secured the project under the Tariff-Based Competitive Bidding (TBCB) mechanism, with PFC Consulting Limited acting as the bid process coordinator. The Special Purpose Vehicle (SPV) for the project was officially transferred to AESL on March 20, 2025.
India’s Largest Private Transmission Company
With its existing transmission network of 25,928 cKM and transformation capacity of 87,186 MVA, AESL continues to lead the private transmission sector in India. The company also provides retail electricity distribution to around 13 million consumers in Mumbai and the Mundra SEZ industrial hub.
Expanding Smart Metering Business
AESL is actively expanding its smart metering business and aims to become India’s leading smart metering integrator. This aligns with the company’s broader growth strategy, driven by India’s renewable energy goals and increasing demand for efficient electricity distribution.
Strong Financial Outlook
AESL’s financial performance is expected to remain robust. According to a recent report by Elara Capital, the company’s transmission EBITDA is projected to double to ₹76 billion by FY27, fueled by India’s push for renewable energy, AESL’s 20-25% market share in upcoming transmission projects worth ₹840 billion, and a strong project pipeline of ₹548 billion.
