The new orders boosted AESL’s order book to INR 547 billion which is more than three times at the start of the current fiscal year in April 2024.

Jan 20, 2025

Adani Energy Solutions (AESL), India’s largest electricity transmission and distribution company, secured two new transmission projects, boosting its order book to INR 547 billion.

During the third quarter of the fiscal year 2024-25 (October-December 2024), AESL won two transmission projects in Rajasthan, valued at INR 284.55 billion, which are linked to the renewable energy park. The new orders also include the INR 250 billion Bhadla-Fatehpur HVDC project, the company’s largest order win to date, as per a report by Jefferies.

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These project wins have increased AESL’s market share in tariff-based competitive bidding (TBCB) orders to 24 percent, up from 17 percent in the second quarter.

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Due to these orders, the company’s order book is more than three times at the start of the current fiscal year in April 2024. The company’s current order book stands at INR 547 billion, compared to INR 170 billion at the beginning of the financial year, marking the highest order book among private sector transmission companies.