Adani Energy Solutions Limited (AESL) has released its provisional operational updates for Q2, showcasing significant growth across its transmission, distribution, and smart metering businesses.

Transmission Business Expansion

AESL continued to strengthen its transmission network, adding 190 circuit kilometers (ckm) during Q2. This expansion brought the company's total transmission network to 26,705 ckm. The system availability remained robust at 99.63%, despite a minor year-on-year decline due to an unscheduled outage in the WKTL line.

In a significant development, AESL secured four additional projects under the line and substation augmentation category during Q2. These projects, awarded on a cost-plus basis, will add 4,000 MVA in capacity and contribute Rs 700.00 crore to the company's project pipeline. As a result, AESL's aggregate order book now stands at Rs 60,004.00 crore across 13 projects.

Distribution Business Performance

AESL's distribution business, comprising Adani Electricity Mumbai Limited (AEML) and MPSEZ Utilities Limited (MUL), showed impressive results:

AEML - Mumbai:

• Distribution loss improved to 4.36% in Q2
• Supply reliability (ASAI) maintained at 99.999% levels
• Total units sold increased by 2% to 2,650 million units (MUs)
• Collection efficiency remained robust at 100.59%

MUL - Mundra:

• Units sold grew by 55% year-on-year to 364 MUs, driven by strong industrial demand

Smart Metering Business Growth

AESL's smart metering business continued its rapid expansion:

• Secured a new smart metering contract with 18.36 lakh meters and a revenue potential of Rs 2,323.00 crore from AEML
• Total order book reached 2.46 crore meters with an overall revenue potential of Rs 29,519.00 crore
• Installed 18.2 lakh new meters in Q2, reaching a total of 73.7 lakh smart meters
• On track to install 1 crore cumulative meters this year

Financial Management and ESG Performance

AESL demonstrated strong financial management and commitment to sustainability:

• The Mumbai utility repurchased US$ 44.66 million worth of bonds from its US$ 300 million ADANEM 3.867% bond due 2031, aligning with its deleveraging plan
• Sustainalytics ESG score improved to 19.9 with "Low Risk" ratings, surpassing the global electric utility industry average of 36.0
• Re-certified as Zero Waste to Landfill by Intertek for 100% of its operational transmission sites
• CSRHUB score improved to 93%, well above the electric & gas utilities industry average of 51%

Awards and Recognition

AESL's commitment to innovation and efficiency was recognized through multiple awards:

• Won Gold Award at the 34th Chapter of Quality Concept Convention for innovative solutions in theft prevention and bird safety
• The Energy Network Operation Center (ENOC) won the Platinum award under "Best LCA in Productivity Improvement" at the 9th CII National Low-Cost Automation Circle

These operational updates highlight AESL's continued growth and efficiency improvements across its diverse business segments, positioning the company as a leader in India's energy solutions sector.

Adani Energy Solutions Ltd. (AESL) has marked a significant milestone in its sustainability journey by securing Zero-Waste-to-Landfill certification from Intertek for all its operational sites and corporate headquarters. This achievement underscores the company's commitment to environmental stewardship and positions it as a leader in sustainable practices within India's energy sector.

Impressive Waste Diversion Rates

AESL has demonstrated consistent excellence in waste management, maintaining impressive diversion rates for three consecutive years:

The company's latest certification confirms a 100% waste diversion rate, with zero waste sent to landfills. This accomplishment makes AESL the first transmission company in India to achieve this environmental milestone.

Extensive Operational Footprint

Adani Energy Solutions Ltd. operates across a vast network, spanning:

• 54 locations in 16 states
• 26,696 circuit kilometers of transmission network
• 93,236 MVA transformation capacity

The company's distribution business serves over 12 million consumers in Mumbai and Mundra SEZ, highlighting its significant role in India's energy infrastructure.

Alignment with ESG Strategy

This zero-waste achievement aligns with AESL's Environmental, Social, and Governance (ESG) strategy, which was launched in FY21. The company aims to rank among the top 10 global electric utility companies in ESG benchmarking, demonstrating its commitment to sustainable business practices.

Industry Leadership

By achieving zero-waste-to-landfill status, Adani Energy Solutions Ltd. sets a new standard for environmental responsibility in the Indian energy sector. This certification not only validates the company's efforts in waste management but also reinforces its position as an industry leader in sustainable operations.

Looking Ahead

As Adani Energy Solutions Ltd. continues to expand its operations and serve millions of consumers, this zero-waste certification serves as a testament to the company's dedication to environmental sustainability. It sets a precedent for other companies in the sector to follow, potentially driving industry-wide improvements in waste management practices.

The achievement of zero-waste-to-landfill status across all operations reflects Adani Energy Solutions' commitment to balancing business growth with environmental responsibility, aligning with global sustainability goals and setting new benchmarks for the Indian energy sector.