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.

Adani Energy Solutions subsidiary, Adani Electricity Mumbai Limited (AEML), has successfully executed a strategic debt reduction move by repurchasing $44.7 million of its senior secured notes. This buyback is part of the company's ongoing efforts to strengthen its financial position and optimize its capital structure.

Debt Reduction Details

AEML has repurchased and cancelled $44.66 million of its $300 million 3.867% Senior Secured Notes due 2031. This transaction has reduced the outstanding principal amount of these notes to $255.34 million. The buyback was funded through the company's internal cash flows, demonstrating AEML's strong cash generation capabilities and financial flexibility.

Part of a Larger Strategy

This recent buyback is not an isolated event but part of AEML's broader capital management plan. The company has been actively managing its liabilities:

• In November 2023, AEML completed a $120 million tender offer.
• In June 2025, it executed a $49.5 million open market repurchase under its $1,000 million 3.949% Senior Secured Notes due 2030.

Financial Implications

The series of debt reduction moves highlights AEML's commitment to maintaining a robust balance sheet. By reducing its outstanding debt, the company is likely aiming to:

1. Lower its interest expenses
2. Improve its debt-to-equity ratio
3. Enhance its financial flexibility for future growth opportunities

Future Outlook

AEML has indicated that it may consider further liability management exercises, subject to market conditions. These potential actions could lead to a material reduction in outstanding debt across various maturities, further strengthening the company's financial position.

About Adani Electricity Mumbai Limited

AEML is an integrated business focusing on power transmission and retail electricity distribution. As a subsidiary of Adani Energy Solutions Ltd, it operates the largest and most efficient power distribution network in India. The company serves over 3 million consumers across 400 sq. km. in Mumbai and its suburbs, meeting a power demand of close to 2,000 MW with a 99.99% reliability rate.

This debt repurchase move by AEML underscores the Adani Group's focus on financial prudence and strategic capital management in its energy business segment.