Adani Energy Solutions Limited has received its inaugural Environmental, Social, and Governance (ESG) rating from CARE ESG Ratings Limited (CareEdge), marking a significant milestone in the company's sustainability journey. The rating was assigned on April 14, 2026, and disclosed to the stock exchanges on April 15, 2026, under Regulation 30 of the SEBI Listing Regulations.

ESG Rating Details

The company received a comprehensive ESG assessment that reflects its commitment to sustainable business practices. The rating evaluation covered various aspects of the company's environmental impact, social responsibility initiatives, and governance framework.

Significance of the Rating

The ESG rating of 86.8/100 with the CareEdge-ESG 1+ symbol represents a strong performance across environmental, social, and governance parameters. According to the company's disclosure, this rating reflects Adani Energy Solutions' ongoing commitment to sustainable practices and operational transparency.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development. The information is also available on the company's official website at www.adanienergysolutions.com .

Corporate Communication

The formal communication to the stock exchanges was signed by Jaladhi Shukla, Company Secretary of Adani Energy Solutions Limited, on April 15, 2026. The disclosure ensures transparency and keeps stakeholders informed about the company's ESG performance and sustainability initiatives.

Adani Energy Solutions Limited has achieved a major milestone in urban power infrastructure development with the commissioning of a 1,000 megawatt (MW) high-voltage direct current (HVDC) transmission link between Kudus and Aarey. This strategic infrastructure project aims to strengthen power supply reliability across the Mumbai Metropolitan Region (MMR) while enabling greater integration of renewable energy sources.

Project Specifications and Infrastructure

The transmission project, executed by Adani Electricity Mumbai Infrastructure Limited (AEMIL), a subsidiary of Adani Energy Solutions Limited, represents a sophisticated engineering solution designed for dense urban environments. The infrastructure combines both overhead and underground transmission corridors to navigate Mumbai's complex urban landscape.

The project incorporates Voltage Source Converter (VSC)-based HVDC technology, which enables faster and more precise control of power flows while improving voltage stability and enhancing grid reliability in space-constrained urban environments.

Strategic Response to Grid Vulnerabilities

The HVDC link was conceived following the October 2020 Mumbai blackout, which exposed critical vulnerabilities in the city's power supply infrastructure. This project reflects a comprehensive approach to strengthening grid resilience and reliability across one of India's most energy-intensive urban clusters.

The transmission link enables Mumbai and the MMR to draw more electricity from outside the city, including renewable energy generated in other regions. While Mumbai maintains existing connections to the national grid, the HVDC link enhances connectivity by enabling more controlled, efficient, and higher-capacity power flows, particularly for renewable energy integration.

Operational Benefits and Technology Advantages

The VSC-based HVDC technology deployed in this project offers several key operational benefits that enhance the overall power infrastructure performance:

• Dynamic voltage support for improved grid stability
• Reduced transmission losses over long distances
• Black-start capability enabling power restoration without external sources
• Faster recovery in the event of outages
• Enhanced control of power flows for renewable energy integration

The Kudus–Aarey link ranks among the largest urban HVDC infeeds globally and is expected to significantly increase the share of power sourced from outside Mumbai, reducing pressure on in-city generation facilities.

Leadership Perspective

Kandarp Patel, CEO of Adani Energy Solutions Limited, emphasized the project's significance: "With the commissioning of the Aarey–Kudus transmission line, Mumbai now has a modern power corridor capable of integrating large-scale renewable energy with high reliability. It is one of the fastest HVDC project ever commissioned which is powered by advanced VSC-based HVDC technology. The project enhances grid stability, decongests existing networks and strengthens the city's energy security."

Company Profile and Market Position

Adani Energy Solutions Limited operates as a multidimensional organization with presence across various energy domain facets, including power transmission, distribution, smart metering, and cooling solutions. The company maintains its position as India's largest private transmission company with a cumulative transmission network of 27,949 circuit kilometres and 123,175 MVA transformation capacity.

The company serves approximately 13 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ through its retail electricity distribution business, while expanding its smart metering capabilities to become India's leading smart metering integrator.