Mumbai: Adani Energy Solutions Ltd (AESL) is planning to spend ₹16,000 to ₹18,000 crore in capital expenditure in FY26, a sharp increase from last year's ₹11,444 crore.
Of this, it will invest ₹12,000 to ₹13,000 crore in transmission, ₹4,000 crore in smart meters, and ₹1,600 crore in distribution, Kandarp Patel, CEO, AESL, told investors in a post-earnings call on Friday.
AESL's profit after tax surged 87% year-on-year to ₹714 crore in the March quarter, while total income rose 36% to ₹6,596 crore. For the fiscal year ended March 31, profit after tax soared 103% to Rs 2,427 crore and total income grew 42% to ₹24,447 crore. Total orderbook stood at ₹60,000 crore as of March-end.
Patel said the company's transmission project pipeline remains strong with ₹54,000 crore worth of ISTS (inter-state transmission system) projects in the bid-out stage.
"Going forward, we expect the states to also augment their transmission capacity to absorb the renewable power which the ISTS projects will bring," said Patel. He noted that Maharashtra will need to invest Rs 1.5 lakh crore over the next decade in transmission, "and many such projects are expected to come under TBCB (Tariff-Based Competitive Bidding) route, which we will bid."
Last fiscal year saw ₹161,540 crore worth of transmission tenders, in which AESL secured a market share of 28% by winning seven projects worth ₹44,000 crore. During the year, the company commissioned one project and acquired another.
Patel said its under-implementation projects, totalling 15, would add ₹8,260 crore to annual revenue once delivered over the next 2-4 years. In FY26, the company is looking at delivering seven projects-including the crucial Mumbai HVDC project-entailing a total capex of ₹15,000 crore.
In distribution, where the company serves the Mumbai and Mundra markets, Patel said AESL would participate in Uttar Pradesh's discom privatisation drive, and the bidding process is expected to open shortly.
UP is looking to privatise two of its four state-owned discoms. The entire process is being closely watched by several other states. AESL had earlier said that it is also looking at a parallel licensing opportunity in the Navi Mumbai area.
Of this, it will invest ₹12,000 to ₹13,000 crore in transmission, ₹4,000 crore in smart meters, and ₹1,600 crore in distribution, Kandarp Patel, CEO, AESL, told investors in a post-earnings call on Friday.
AESL's profit after tax surged 87% year-on-year to ₹714 crore in the March quarter, while total income rose 36% to ₹6,596 crore. For the fiscal year ended March 31, profit after tax soared 103% to Rs 2,427 crore and total income grew 42% to ₹24,447 crore. Total orderbook stood at ₹60,000 crore as of March-end.
Patel said the company's transmission project pipeline remains strong with ₹54,000 crore worth of ISTS (inter-state transmission system) projects in the bid-out stage.
"Going forward, we expect the states to also augment their transmission capacity to absorb the renewable power which the ISTS projects will bring," said Patel. He noted that Maharashtra will need to invest Rs 1.5 lakh crore over the next decade in transmission, "and many such projects are expected to come under TBCB (Tariff-Based Competitive Bidding) route, which we will bid."
Last fiscal year saw ₹161,540 crore worth of transmission tenders, in which AESL secured a market share of 28% by winning seven projects worth ₹44,000 crore. During the year, the company commissioned one project and acquired another.
Patel said its under-implementation projects, totalling 15, would add ₹8,260 crore to annual revenue once delivered over the next 2-4 years. In FY26, the company is looking at delivering seven projects-including the crucial Mumbai HVDC project-entailing a total capex of ₹15,000 crore.
In distribution, where the company serves the Mumbai and Mundra markets, Patel said AESL would participate in Uttar Pradesh's discom privatisation drive, and the bidding process is expected to open shortly.
UP is looking to privatise two of its four state-owned discoms. The entire process is being closely watched by several other states. AESL had earlier said that it is also looking at a parallel licensing opportunity in the Navi Mumbai area.
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