Adani Energy Solutions Clarifies Hybrid Power Contract with Asahi India Glass
Adani Energy Solutions Limited clarified to BSE that its hybrid power supply contract with Asahi India Glass, signed on January 7, 2026, constitutes ordinary business operations requiring no regulatory disclosure. The company emphasized no material operational impact and reaffirmed its commitment to SEBI compliance requirements.
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Adani Energy Solutions Limited has issued a formal clarification to BSE regarding media reports about its hybrid power contract with Asahi India Glass. The clarification, dated January 28, 2026, addresses inquiries from the stock exchange about the nature and significance of this business arrangement.
Contract Details and Timeline
The company confirmed that it signed a hybrid power supply and management contract with Asahi India Glass on January 7, 2026. Asahi India Glass is described as India's leading integrated glass and windows solutions company. The contract involves hybrid power supply and management services, aligning with Adani Energy Solutions' core business operations in energy transmission and distribution.
| Parameter: | Details |
|---|---|
| Contract Date: | January 7, 2026 |
| Client: | Asahi India Glass |
| Service Type: | Hybrid power supply and management |
| Business Classification: | Ordinary course of business |
Regulatory Compliance Position
Adani Energy Solutions clarified that the contract does not fall within the disclosure requirements under SEBI Listing Regulations. Specifically, the company stated that the contract does not require intimation under item 4 of Para B, Part A, Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation typically requires disclosure for contracts that are not in the ordinary course of business.
The company emphasized that the contract is considered part of its ordinary business operations, given its engagement in transmission and distribution of energy services. Management stated that there is no material impact on the company's operations resulting from this contract.
Corporate Governance and Disclosure
The clarification was signed by Jaladhi Shukla, Company Secretary, and submitted in response to BSE's inquiry reference number L/SURV/ONL/RV/SG/ (2025-2026)/ 155 dated January 27, 2026. The company reaffirmed its commitment to regulatory compliance, stating that it will continue to make appropriate disclosures as required under Regulation 30 of the SEBI Listing Regulations.
Adani Energy Solutions confirmed that as of the clarification date, it has no information or events requiring disclosure under the current regulatory framework. The company's response demonstrates its proactive approach to addressing market inquiries and maintaining transparency with stakeholders.
Historical Stock Returns for Adani Energy Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.48% | -1.73% | -14.29% | +6.49% | +15.16% | +87.52% |
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