Adani Energy Solutions Limited has released its provisional operational updates for Q3FY26, demonstrating strong performance across its diversified energy infrastructure portfolio. The company's comprehensive operational metrics reflect continued growth in transmission network expansion, smart metering deployment, and distribution efficiency improvements.

Transmission Business Achieves Network Expansion

The transmission segment delivered notable achievements during Q3FY26, with the company securing the KPS III (Khavda South Olpad) HVDC project. This strategic win expanded the total order book to ₹77,787.00 crores and increased the transmission network to 27,901 circuit kilometers.

During the quarter, the company fully commissioned the North Karanpura Transmission Line (NKT) and operationalized 299 circuit kilometers. System availability remained robust at 99.69%, maintaining near-optimal performance levels across the transmission network.

Smart Metering Business Accelerates Installation Pace

The smart metering segment achieved significant milestones in Q3FY26, with 18.88 lakh new meter installations during the quarter. This brings the total cumulative smart meter installations to 92.5 lakh meters, positioning the company to likely surpass its guidance of 1 crore cumulative meters by the end of FY26.

Distribution Operations Show Mixed Performance

AEML Mumbai Operations

AEML's Mumbai distribution business maintained strong operational efficiency metrics during Q3FY26. Distribution losses improved significantly to 4.22% in year-to-date FY26 from 4.91% in the corresponding period of FY25. Supply reliability remained exceptional at 99.998% levels, while collection efficiency stayed robust at 101.75%.

System reliability parameters showed improvement with better SAIDI and SAIFI metrics, while CAIDI experienced marginal decline. The consumer base in Mumbai circle increased to 3.26 million due to new customer additions.

MUL Mundra Operations

MUL's Mundra operations delivered exceptional performance with units sold growing 57% year-on-year to 371 million units compared to 236 million units in Q3FY25. This substantial growth was driven by strong industrial demand in the Mundra Special Economic Zone.

Recognition and Awards

The company received multiple recognitions during the quarter, highlighting its operational excellence and innovation initiatives:

• AESL's CSA score from S&P Global improved to 80/100 from 73/100, placing the company among the top 9 percentile of 244 global electric utilities
• Rajnandgaon substation won First Prize and Diamond Rating in the Service Category at the 10th CII National 5S Excellence Awards 2025
• Smart metering business was Runners-Up in the Ramkrishna Bajaj National Quality Award (Services Category)
• AEML secured GOLD award at QCFI's 39th Annual Quality Convention (CCQC-2025)
• Received consolidated ESG Rating of "71" from NSE Sustainability Ratings & Analytics Limited for FY2025

Nine-Month Performance Overview

For the nine-month period ending December 2025, AESL maintained consistent operational performance across all business segments. The transmission network length and transformation capacity remained at the same levels as Q3FY26, while average system availability improved marginally to 99.71% from 99.70% in 9MFY25.

AEML's distribution business showed steady improvement in key metrics, with distribution losses declining to 4.22% in 9MFY26 from 4.91% in 9MFY25. Consumer complaints decreased significantly to 3,32,730 from 4,74,064 in the previous year, reflecting improved operational efficiency and customer service focus.

MUL's strong performance continued in the nine-month period, with total units sold reaching 1,006 million units compared to 696 million units in 9MFY25, representing a 44.5% year-on-year growth driven by sustained industrial demand.

Adani Energy Solutions Limited has announced that its Board of Directors will convene on January 22, 2026, to consider and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will address both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The announcement was made in compliance with Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was issued on January 5, 2026, to both BSE Limited and the National Stock Exchange of India Limited.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, Adani Energy Solutions Limited has implemented a trading window closure for dealing in its securities. The trading window closure became effective from January 1, 2026, and will remain in place until January 26, 2026.

Investor Communication Plans

The company has scheduled investor and analyst calls for January 23, 2026, the day following the board meeting. These calls will focus on discussing the financial results for the quarter and nine months ended December 31, 2025, along with the company's business outlook.

The detailed information regarding these investor calls will be communicated separately and published on the company's official website at www.adanienergysolutions.com . This approach ensures transparency and provides stakeholders with comprehensive access to the company's financial performance and strategic direction.

Corporate Information

The intimation was signed by Jaladhi Shukla, Company Secretary of Adani Energy Solutions Limited, and has been uploaded to the company's website for public access. The company is headquartered at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad, Gujarat, and operates under CIN: L40300GJ2013PLC077803.