Adani Energy Solutions Limited (AESL) has achieved a historic milestone by becoming the first company in India and potentially globally to successfully deliver 1 crore electricity smart meters across distribution companies. The achievement was announced through an official media release dated February 5th, marking a significant breakthrough in India's smart grid infrastructure development.

Record-Breaking Achievement and Timeline

The company completed this landmark delivery well ahead of its original guidance of reaching the 1 crore mark by March 31st. AESL accomplished this milestone in approximately 24 months since beginning its smart metering journey, representing the quickest installation pace in the country.

Strategic Market Position and Execution Excellence

As India's leading Advanced Metering Infrastructure Service Provider (AMISP), AESL maintains the highest installation rate in the industry at approximately 25,000 meters per day. The company has a comprehensive mandate to install around 2.5 crore smart meters across five states, positioning it as a key player in India's digital energy transformation.

Kandarp Patel, Chief Executive Officer of Adani Energy Solutions, emphasized the significance of this achievement: "Reaching an installed base of 1 crore smart meters is a testament to our benchmarked execution excellence and deep engagement with distribution utilities and consumers. These smart meters are not just devices — these are catalysts for empowering consumers with real-time usage data, improving grid reliability, reducing losses, and enabling efficient energy management."

Integrated Ecosystem Approach

AESL's success stems from its integrated ecosystem strategy, providing greater control and visibility across the entire value chain. The company has strategically partnered with sister firms including Adani Esysoft Smart Solutions for smart metering and IoT solutions, and AdaniConneX for local data hosting. Additionally, AESL has established partnerships with tier I meter brands to ensure delivery timelines and maintain platform relevance throughout contract periods.

Future Growth and National Impact

Building on this historic achievement, AESL targets delivering another 1 crore smart meters in the coming financial year, effectively doubling its current milestone. This ambitious plan supports India's broader goal under the Revamped Distribution Sector Scheme (RDSS) to replace 25 crore conventional meters with advanced smart meters.

The smart meter network delivers real-time consumer insights, enhances billing transparency, strengthens utility operations, and supports the integration of renewable energy resources. These devices are designed to improve billing accuracy, reduce Aggregate Technical & Commercial losses, and provide valuable data for grid modernization and demand forecasting.

Adani Energy Solutions Limited has issued a formal clarification to BSE Limited regarding recent media reports about potential fundraising activities in Japanese markets. The company's response, dated February 2, 2026, addresses BSE's inquiry concerning specific media coverage that suggested fundraising plans involving multiple Adani group entities.

BSE Inquiry and Media Report Details

The clarification was prompted by BSE's email dated February 01, 2026, seeking information about a media report titled "Three Adani group companies plan to raise $2 billion from Japanese markets" published on The Hindu Business Line website on February 01, 2026. The stock exchange sought clarification under regulation 30(11) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Official Response

Adani Energy Solutions clarified that the media report does not relate to any impending or specific action, decision, or proposal by the company. The organization emphasized that the reported fundraising activities have no material impact on the company, its operations, financials, or any other business matters.

The company explained that exploring and evaluating various financing, re-financing, and fundraising opportunities is part of its normal capital management plan to meet future growth capital requirements. Such financial facility arrangements by the company and its subsidiaries represent routine business activities conducted in the normal course of operations.

Regulatory Compliance Commitment

The company reaffirmed its commitment to regulatory transparency, stating it will make appropriate public disclosures in accordance with SEBI Listing Regulations and other applicable laws when disclosable events occur. This response demonstrates the company's adherence to regulatory requirements for addressing market speculation and maintaining investor transparency.

The clarification was signed by Jaladhi Shukla, Company Secretary, and submitted to BSE Limited as part of the company's ongoing compliance with listing obligations and disclosure requirements.