Adani Energy Solutions Secures Intent Letter for Major Renewable Energy Transmission Project

Adani Energy Solutions Limited (AESL) has received a significant boost to its renewable energy infrastructure portfolio. The company announced that it has been awarded a Letter of Intent (LOI) for a substantial power transmission system project, marking a potential expansion in its renewable energy transmission capabilities.

Project Details

The LOI, issued by PFC Consulting Limited, is for the establishment of a "Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C". This project is part of a larger initiative to enhance India's renewable energy infrastructure.

Key aspects of the project include:

Establishment of a 2500 MW HVDC (High Voltage Direct Current) system
Connection between KPS III to South Olpad, spanning approximately 1200 circuit kilometers (ckm)
Designed to facilitate the evacuation of 2.5 GW of renewable energy
Part of Phase-V scheme, planned to enable evacuation of an additional 8 GW RE power from Khavda RE park

Impact on Adani Energy Solutions

The successful completion of this project would significantly expand AESL's transmission network:

Metric	Current	Post-Project
Transmission Network	N/A	27,905.00
Transformation Capacity	N/A	97,236.00

It's important to note that the LOI is subject to customary conditions and the execution of binding agreements between the parties involved.

Looking Ahead

This development aligns with India's push towards increasing its renewable energy capacity and improving the associated infrastructure. For Adani Energy Solutions, it represents a potential opportunity to strengthen its position in the renewable energy transmission sector.

As the project moves forward, investors and industry observers will likely keep a close eye on how this impacts AESL's market position and financial performance in the coming quarters.

Investor Interaction

In related news, AESL has also announced upcoming investor interactions:

Conference/Event	Meeting Type	Mode	Date
Adani Annual Conference, Singapore	Group	In-person interaction in Singapore	24th - 25th November 2025

The company has made its investor presentation available on its official website for those interested in more details about its operations and strategy.

As the renewable energy sector continues to evolve, Adani Energy Solutions' latest developments suggest it is positioning itself to play a significant role in India's green energy future.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.50%	+3.78%	+9.56%	+15.50%	+18.48%	+14.69%

Adani Energy Solutions Limited (AESL) has issued a postal ballot notice seeking shareholder approval for incremental amounts in material related party transactions. The company aims to enhance transaction limits for its wholly-owned subsidiary, Powerpulse Trading Solutions Limited (PTSL), with related parties Adani Power Limited (APL) and Mahan Energen Limited (MEL) for the fiscal year 2025-26.

Proposed Transaction Limits

The company is seeking approval for the following incremental amounts:

Related Party	Current Approved Limit	Proposed Increment	New Total Limit
Adani Power Limited	Rs. 8,220.00 crore	Rs. 4,500.00 crore	Rs. 12,720.00 crore
Mahan Energen Limited	Rs. 1,775.00 crore	Rs. 2,000.00 crore	Rs. 3,775.00 crore

Nature of Transactions

These transactions involve power trading activities where PTSL, holding a power trading license from the Central Electricity Regulatory Commission (CERC), will facilitate power sales on a merchant basis at market-discovered prices. The power trading activity aligns with the provisions of the Electricity Act, 2003, and prevailing CERC regulations.

Justification for Enhanced Limits

The company states that the approval for incremental amounts is being sought due to increased volume for supply of power in the merchant market through PTSL to APL and MEL. AESL asserts that the margin charged by PTSL is within the range provided under CERC regulations, ensuring that the transactions are on an arm's length basis and in the ordinary course of business.

Financial Implications

For the fiscal year 2024-25, PTSL's transactions with APL and MEL for power trading amounted to Rs. 2,265.28 crore and Rs. 632.95 crore, respectively. In the current fiscal year, up to September 30, 2025, these transactions have already reached Rs. 5,167.98 crore with APL and Rs. 1,625.06 crore with MEL.

Voting Details

The voting period for this postal ballot runs from November 8, 2025, to December 7, 2025, with voting restricted to electronic mode only. The results will be announced within two working days from the conclusion of the e-voting period.

Corporate Governance Measures

The Audit Committee has reviewed and approved the proposed incremental amounts, noting that the transactions shall be on an arm's length basis and in the ordinary course of business. The company has also affirmed that all necessary information for informed decision-making has been provided to shareholders, with only commercially sensitive information being redacted.

Shareholders of Adani Energy Solutions Limited are advised to review the detailed information provided in the postal ballot notice before casting their votes on these material related party transactions.