# ADANIENSOL (ADANIENSOL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/adaniensol

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,436.1
- Change: +3.55%
- As of: 2026-09-18
- 1D return: +3.55%
- 5D return: +3.18%
- 1M return: -7.26%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ADANIENSOL is exhibiting a mixed technical stance across different timeframes. The daily timeframe indicates a bearish trend, with the current price of ₹1436.1 below key moving averages like the 20-day EMA (₹1441.83), 50-day SMA (₹1569.23), and the Supertrend indicator (₹1499.27). This suggests short-term weakness. In contrast, the weekly and monthly timeframes show a bullish trend, with prices above their respective 20-day EMAs and Supertrend indicators. This divergence indicates that while the longer-term picture remains positive, the stock is experiencing short-term pressure. The nearest support is observed around ₹1420.33 (1.1% below current price), with further support at ₹1403.57. Resistance is noted at ₹1453.87 (1.24% above current price) and ₹1455.2. The stock has experienced a recent downward gap on September 11, 2026, with a return of -1%, and shows a current drawdown of -18%. The annualized volatility stands at 39%.

- Daily trend is bearish, with price below key moving averages and Supertrend.
- Weekly and monthly trends remain bullish, showing price above EMAs and Supertrend.
- Nearest support levels are ₹1420.33 and ₹1403.57.
- Nearest resistance levels are ₹1453.87 and ₹1455.2.
- Watch for a sustained move above ₹1455.2 to challenge the daily bearish setup, or a break below ₹1403.57 to confirm further downside.

- Doji
- Harami
- Morning Star
- Outside Bar
- Inside Bar

### News Context

On September 18, 2026, Adani Energy Solutions saw a 4% increase in its stock price, following positive commentary from Jefferies. The brokerage firm expressed a bullish outlook on the company's prospects in transmission and smart meter segments, anticipating double-digit growth over the medium term. This positive sentiment was echoed in broader market analysis, with PL Capital suggesting that Adani Energy, alongside other power sector companies like NTPC and Power Grid, is positioned to benefit from upcoming power transmission projects. However, PL Capital's analysis indicated CESC as potentially delivering the highest return among the compared stocks.

- On September 18, 2026, Adani Energy Solutions' stock price rose 4%.
- Jefferies expressed a bullish view on Adani Energy's transmission and smart meter businesses, projecting double-digit medium-term growth.
- PL Capital noted that Adani Energy is among several power companies expected to benefit from upcoming transmission projects.
- PL Capital's analysis highlighted CESC as potentially offering a higher return (54%) compared to other power sector stocks, including Adani Energy.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Adani Energy gains 4% as Jefferies bullish on transmission, smart meters
- Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices

### What Changed

Recent news indicates external analysts hold a positive view on Adani Energy Solutions, with Jefferies expecting double-digit growth over the medium term and noting bullishness on transmission and smart meters. This comes as the company is mentioned alongside peers like Tata Power, NTPC, and Power Grid in discussions about upcoming power transmission projects. The company's stock price saw a modest increase of 4.55% from ₹1386.8 on the observation date of 2026-09-18, closing at ₹1436.1 on the same date. No new filings were reported in the recent development period.

- On 2026-09-18, Adani Energy Solutions' stock closed at ₹1436.1, up from its previous price of ₹1386.8.
- Jefferies has expressed a bullish outlook on Adani Energy Solutions, anticipating double-digit growth and highlighting potential in transmission and smart meters.
- Adani Energy Solutions was mentioned in news alongside other power sector companies regarding upcoming power transmission projects.
- No new company filings were reported as of the 2026-09-18 observation date.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Adani Energy gains 4% as Jefferies bullish on transmission, smart meters
- Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices

### Official Filings

Adani Energy Solutions Limited (AESL) has secured a significant power purchase agreement (PPA) through its subsidiary, Powerpulse Trading Solutions Limited (PTSL), for the supply of 2,500 MW of Round-the-Clock (RTC) power to Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a term of 25 years. This agreement stems from a Letter of Award (LOA) originally issued to Adani Power Limited (APL) on April 2, 2026, and was finalized with the execution of the PPA on September 8, 2026. Separately, on August 26, 2026, AESL announced winning a Rs 4,700 crore transmission project in Maharashtra, aimed at evacuating up to 4,500 MW of renewable and pumped storage power. This project, to be executed by Satara Power Transmission Ltd., involves constructing 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity over 36 months, contributing to AESL's cumulative transmission orderbook of approximately Rs 85,000 crore. The company also completed the acquisition of 100% control in Vizag Power Transmission Limited (VPTL) on August 14, 2026, for INR 500,000. VPTL is intended to support power supply for Green Hydrogen and Green Ammonia projects in the Vizag area. In terms of financial standing, on August 19, 2026, India Ratings and Research Private Limited affirmed credit ratings for AESL's debt instruments, assigning an INR AA+/Stable rating to bank loan facilities totaling Rs 111,500 million (reduced from Rs 128,000 million) and an IND A1+ rating to Non-convertible debentures amounting to Rs 14,000 million (reduced from Rs 15,000 million). Furthermore, AESL announced on September 1, 2026, that it achieved the highest ESG score globally in the Utilities sector from S&P Global, with a score of 90 out of 100, an increase from 81.

- On September 8, 2026, Adani Energy Solutions Limited's subsidiary executed a 25-year Power Purchase Agreement with MSEDCL for 2,500 MW of Round-the-Clock power.
- On August 26, 2026, Adani Energy Solutions Limited won a Rs 4,700 crore transmission project in Maharashtra for evacuating 4,500 MW of power, increasing its orderbook to approximately Rs 85,000 crore.
- On August 14, 2026, Adani Energy Solutions Limited completed the acquisition of 100% control in Vizag Power Transmission Limited for INR 500,000.
- On August 19, 2026, India Ratings and Research affirmed an INR AA+/Stable rating for Rs 111,500 million in bank loan facilities and an IND A1+ rating for Rs 14,000 million in Non-convertible debentures.
- On September 1, 2026, Adani Energy Solutions Limited reported achieving the highest ESG score globally in the Utilities sector from S&P Global, with a score of 90 out of 100.

- Adani Energy Solutions Limited has informed the Exchange about Letter of Award for supply of 2,500 MW Round-the-Clock (RTC) Power and Execution of Power Purchase Agreement |SUBJECT: General Updates
- GQG Partners LLC has submitted the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- Adani Energy Solutions Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Adani Energy Solutions is World #1 ESG-Scored Utility". |SUBJECT: Press Release
- Adani Energy Solutions Limited has informed the Exchange regarding a press release dated August 26, 2026, titled "AESL Wins Rs 4,700 crore transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power". |SUBJECT: Press Release
- Adani Energy Solutions Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Adani Energy Solutions Limited has informed the Exchange about Credit Rating- New |SUBJECT: Credit Rating- New
- Adani Energy Solutions Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Adani Energy Solutions Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Adani Energy Solutions Limited has informed the Exchange about Execution of Share Purchase Agreement for acquiring 100% Equity Shares of Vizag Power Transmission Limited |SUBJECT: General Updates

### Fundamentals

Adani Energy Solutions Limited (AEL) reported a notable increase in revenue from operations for the first quarter of fiscal year 2027 (Q1 FY2027), reaching ₹9,711.08 crore. This represents a significant sequential rise from ₹7,443.27 crore in the fourth quarter of fiscal year 2026 (Q4 FY2026) and ₹6,729.65 crore in the third quarter of fiscal year 2026 (Q3 FY2026).

Profit after tax for Q1 FY2027 stood at ₹1,236.56 crore, an improvement from ₹722.65 crore in Q4 FY2026 and ₹574.06 crore in Q3 FY2026. This growth in profit outpaced the revenue increase, suggesting potential operating leverage. The company's segment revenue from operations also followed a similar upward trend, reaching ₹9,265.53 crore in Q1 FY2027.

Key monitoring areas for investors include the continued trend of revenue growth and its translation into profitability, as well as the management of expenses. The company's tax expense has shown variability across the reported periods.

- Revenue from operations for Q1 FY2027 was ₹9,711.08 crore.
- Profit Loss For Period in Q1 FY2027 was ₹1,236.56 crore.
- Segment Revenue From Operations in Q1 FY2027 reached ₹9,265.53 crore.
- Profit Before Tax in Q1 FY2027 was ₹1,441.04 crore.
- Tax Expense in Q1 FY2027 was ₹155.91 crore.

### Bull Case

Adani Energy Solutions has shown positive performance over longer timeframes, with a notable return of 71% over the past year and 78% since its inception. The company's monthly technical trend indicates a bullish signal, supported by a positive Supertrend direction and a higher plus DI (28.58) compared to minus DI (9.67). This suggests potential for upward momentum over a longer period. Additionally, external research notes from Jefferies indicate a bullish outlook on the company's transmission and smart meter segments, with expectations of double-digit growth in the medium term.

- The stock has delivered a return of 71% in the last year and 78% since its inception.
- The monthly technical trend shows a bullish Supertrend direction.
- Jefferies has expressed a bullish view on Adani Energy Solutions, anticipating double-digit growth over the medium term due to strengths in transmission and smart meters.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Adani Energy gains 4% as Jefferies bullish on transmission, smart meters
- Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices

### Bear Case

The company's daily technical indicators suggest a weakening trend. The Exponential Moving Average (EMA) of 20 periods is above the closing price, and its slope over 5 days is negative. Similarly, the Simple Moving Average (SMA) of 20 periods is also above the closing price with a negative slope over 5 days. The Supertrend indicator is showing a bearish direction. The company has experienced a drawdown of 18% from its recent peak, with a maximum drawdown recorded at 23%.

- Daily technical indicators show a bearish Supertrend direction as of 2026-09-18.
- The 20-day EMA is above the closing price, with a negative slope over 5 days.
- The 20-day SMA is above the closing price, with a negative slope over 5 days.
- The current drawdown is 18%, with a maximum drawdown of 23%.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Adani Energy gains 4% as Jefferies bullish on transmission, smart meters
- Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices

### FAQs

**What recent large project awards has Adani Energy Solutions secured, and what is their value?**

Adani Energy Solutions Limited (AESL) secured a Rs 4,700 crore transmission project in Maharashtra on August 26, 2026, for the evacuation of up to 4,500 MW of renewable and pumped storage power. This project involves constructing 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity over 36 months. Additionally, on September 8, 2026, AESL's subsidiary, Powerpulse Trading Solutions Limited (PTSL), entered into an agreement to supply 2,500 MW of Round-the-Clock (RTC) power for 25 years to Maharashtra State Electricity Distribution Company Limited (MSEDCL), executing a Power Purchase Agreement (PPA) on the same date. The Letter of Award for this RTC power supply was originally announced by Adani Power Limited on April 2, 2026.

**What is Adani Energy Solutions' current technical trend, and what are the nearest support and resistance levels?**

As of September 18, 2026, the daily trend for Adani Energy Solutions shows a bearish Supertrend direction with the closing price at ₹1436.1, below the 20-day Exponential Moving Average (EMA) of ₹1441.83 and the 20-day Simple Moving Average (SMA) of ₹1447.88. The monthly trend, however, indicates a bullish Supertrend direction. Nearest observed resistance levels are at ₹1453.87 and ₹1455.2, while support levels are identified at ₹1420.33 and ₹1403.57.

**What recent external analyst views have been reported for Adani Energy Solutions?**

Jefferies has expressed a bullish outlook on Adani Energy Solutions, expecting double-digit growth over the medium term, according to news on September 3, 2026. Another report on September 8, 2026, mentions PL Capital suggesting that while CESC is expected to deliver the highest return of 54% among a group of power stocks including Adani Energy, NTPC, and Tata Power, these companies are also expected to benefit from upcoming power transmission projects.

**What ESG recognition has Adani Energy Solutions recently received?**

On September 1, 2026, Adani Energy Solutions announced it achieved the highest ESG score globally in the Utilities sector from S&P Global, with a score of 90 out of 100. This score represents an increase from 81 in the previous period, compared to an industry average of 41. The company's Corporate Sustainability Assessment score rose by 17 points year-on-year to 90, with specific scores of 93 for Environmental, 89 for Social, and 84 for Governance & Economic.

- Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
- Adani Energy gains 4% as Jefferies bullish on transmission, smart meters
- Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices
- Adani Energy Solutions Limited has informed the Exchange about Letter of Award for supply of 2,500 MW Round-the-Clock (RTC) Power and Execution of Power Purchase Agreement |SUBJECT: General Updates
- GQG Partners LLC has submitted the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
- Adani Energy Solutions Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Adani Energy Solutions is World #1 ESG-Scored Utility". |SUBJECT: Press Release
- Adani Energy Solutions Limited has informed the Exchange regarding a press release dated August 26, 2026, titled "AESL Wins Rs 4,700 crore transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power". |SUBJECT: Press Release
- Adani Energy Solutions Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,370.03
- Risk regime: Price Risk Requires Attention

### Support levels
- 1308
- 1236.6
- 965.75

### Resistance levels
- 1455.1953125
- 1551
- 1574.35

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.55% |
| return_10 | +3.64% |
| return_1m | -10.41% |
| return_1y | +71.45% |
| return_20 | -7.26% |
| return_3m | -5.72% |
| return_5 | +3.18% |
| return_6m | +38.53% |
| return_since_start | +78.30% |
| return_ytd | +37.24% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -23.18% |
| annualized_volatility | +39.39% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Climbs 42% as Attribution Shift More Than Doubles Net Profit

Adani Energy Solutions reported a 42% year-on-year increase in revenue from operations to ₹9,711.08 crore for the quarter ended 30 June 2026. While profit before tax grew 24%, net profit attributable to the company jumped 129% to ₹1,236.56 crore. The sharper rise in attributable profit stemmed largely from a dramatic reduction in the gap between consolidated profit after tax and the profit allocated to shareholders. Operating profitability at the EBIT level contracted, and finance costs continued to climb, but the balance sheet remained conservatively leveraged.

## Revenue and Expense Growth

Revenue from operations reached ₹9,711.08 crore, up from ₹6,819.28 crore in the same quarter last year and a 30% sequential increase from the preceding quarter. Total expenses rose 44% year on year to ₹8,439.71 crore, outpacing the revenue growth. As a result, profit before tax increased at a slower 24% to ₹1,441.04 crore. The faster expense growth constrained the flow‑through from the top‑line expansion.

## Profitability, Margins, and Attribution

EBIT (profit before tax plus finance costs) stood at ₹2,592.77 crore, yielding an EBIT margin of 26.7%, down from 30.2% in the year‑ago quarter. Finance costs grew 29% year on year to ₹1,151.73 crore, further compressing profit before tax.

Net profit attributable to the company rose to ₹1,236.56 crore from ₹538.94 crore, pushing the net margin to 12.7% from 7.9%. The net profit growth far outpaced the 24% rise in profit before tax because the difference between consolidated profit after tax and attributable profit shrank sharply. After deducting tax expense of ₹155.91 crore, total profit for the period was ₹1,285.13 crore. Attributable profit of ₹1,236.56 crore was just ₹48.57 crore lower, compared with a gap of ₹503.89 crore last year. This narrowing of the allocation gap, rather than a proportional improvement in overall profitability, was the main driver of the reported earnings increase.

## Finance Costs and Leverage

Finance costs reached ₹1,151.73 crore, up 29% from the prior‑year quarter and 21% sequentially. The interest coverage ratio (EBIT divided by finance costs) was 2.25 times. The debt‑to‑equity ratio remained at 0.0184, unchanged from the previous quarter and broadly in line with recent periods, indicating very low leverage.

## Segment Revenue and Profit Reconciliation

Segment revenue from operations was ₹9,265.53 crore, which was ₹445.55 crore lower than total revenue from operations. This gap narrowed from ₹676.69 crore in the prior quarter. Segment profit before tax of ₹1,444.40 crore was nearly identical to the total profit before tax of ₹1,441.04 crore, suggesting that unallocated corporate costs or income were minimal during the quarter.

## Key Takeaway

Revenue expanded 42% year on year, but the EBIT margin declined from 30.2% to 26.7%, showing that operating expenses grew faster than revenue. The standout increase in attributable net profit was heavily influenced by a collapse in the gap between consolidated profit after tax and the profit allocated to the company—from over ₹500 crore to under ₹50 crore. This shift in profit allocation, not solely operational expansion, drove the more-than‑doubling of attributable earnings. The balance sheet remained lightly leveraged, with a debt‑to‑equity ratio of just 0.0184 and interest coverage at 2.25 times.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_18092026181849_AESL_Investor_Meet.pdf)
- 2026-09-08 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_08092026231922_AESLMSEDCLLoA.pdf)
- 2026-09-03 — Shareholding Disclosure: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_03092026170222_02092026183742_ADANIENSOL.pdf)
- 2026-09-01 — Press Release: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_01092026165258_AESL_Press_Release.pdf)
- 2026-08-26 — Press Release: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_26082026090003_AESL_Press_Release_Satara_Transmission_Proj_win_.pdf)
- 2026-08-21 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_21082026143727_AESL_Investor_Meet.pdf)
- 2026-08-19 — Credit Rating Update: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_19082026133848_AESL_SEIntimation_Creditrating_19082026.pdf)
- 2026-08-18 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_18082026213757_AESL_Investor_Meet.pdf)
- 2026-08-14 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_12931_WebXMLFile_20260814_151538537.xml)
- 2026-08-14 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_12931_WebXMLFile_20260814_151945357.xml)
- 2026-08-14 — Generic Announcement: Adani Energy Solutions Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_14082026145822_AESL_Vizag_Power_Acquisition.pdf)
- 2026-08-07 — Generic Announcement: Adani Energy Solutions Limited will interact with investors and analysts on August 12, 2026, at the Emkay Confluence 2026 in Mumbai, and on August 17-18, 2026, at the Motilal Oswal 22nd Annual Global Investor Conference, also in Mumbai. Presentations for these meetings are available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_07082026124705_AESL_Investor_Meet.pdf)
- 2026-08-01 — Credit Rating Update: Adani Energy Solutions Limited received an updated ESG rating from SES ESG Research Private Limited, with scores of 74.2/100 for 2025 and 75.7/100 for 2026. This rating reflects the company's commitment to sustainable practices and operational transparency. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_01082026123630_AESL_ESG_Rating_-_SES_ESG.pdf)
- 2026-07-30 — Generic Announcement: Adani Energy Solutions Limited's QIP Committee approved the closure of its qualified institutions placement on July 30, 2026. The company allocated 2,16,71,826 equity shares at ₹1,615.00 per share, representing a 4.90% discount to the floor price of ₹1,698.15. The placement document dated July 30, 2026, will be filed with the stock exchanges and posted on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_30072026221324_SE_Intimation_-_PD.pdf)
- 2026-07-30 — Generic Announcement: Adani Energy Solutions Limited approved the allotment of 2,16,71,826 equity shares at ₹1,615.00 per share on July 30, 2026, raising approximately ₹3,500.00 Crores through a Qualified Institutions Placement. The issue opened on July 27, 2026, and closed on July 30, 2026. This placement increases the company's paid-up equity share capital. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_30072026230108_SE_-_Allotment_Intimation.pdf)
- 2026-07-28 — Generic Announcement: Adani Energy Solutions Limited held an Extra-Ordinary General Meeting on July 25, 2026, where a special resolution to approve raising capital through the issuance of equity shares and/or other securities was passed. The voting results, including remote e-voting and in-meeting e-voting, showed that the resolution was approved with a significant majority. Out of 1,142,659,641 total votes polled, 1,142,654,198 votes were in favor, representing 99.9995% of the votes cast on this resolution. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_28072026154457_AESL_-_EGM_Voting_Results.pdf)
- 2026-07-28 — Generic Announcement: Adani Energy Solutions Limited will interact with sell-side analysts in a group meeting on Monday, August 03, 2026, conducted physically. This intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will be uploaded to the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_28072026201823_AESL_Investor_Meet.pdf)
- 2026-07-28 — Generic Announcement: Adani Energy Solutions Limited (AESL) has transitioned into a full-scale utility with its Energy Solutions business now operational. The company reported a quarterly capex of approximately INR 3,500 crores in Q1 FY27. AESL has completed the installation of 13.4 million smart meters, with an order book of 24.6 million, and is acquiring IntelliSmart, which will bring the combined portfolio to 47 million meters. The Energy Solutions platform has tied up 5,000 megawatts of green energy supply and is securing C&I customers, with 350 megawatts already contracted. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_28072026200812_AESL_Intimation_of_Transcript.pdf)
- 2026-07-27 — Generic Announcement: Adani Energy Solutions Limited's QIP committee approved the opening of a qualified institutions placement (QIP) on July 27, 2026, with a floor price of ₹1,698.15 per equity share. The company also approved the preliminary placement document and appointed SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited, and Jefferies India Private Limited as book running lead managers. The issue price will be determined in consultation with the lead managers. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_27072026175315_SE_Intimation.pdf)
- 2026-07-25 — Generic Announcement: Adani Energy Solutions Ltd held an Extra-Ordinary General Meeting (EGM) on July 25, 2026, where members approved raising funds up to ₹10,000 crore through the issuance of equity shares or other securities via Qualified Institutional Placement (QIP) or other permissible modes. The EGM, conducted via Video Conferencing (VC) / Other Audio Video Means (OAVM), began at 11:05 a.m. and concluded at 11:25 a.m. Remote e-voting was available from July 21 to July 24, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_25072026154715_AESL_EGM_Outcome.pdf)
- 2026-07-24 — Press Release: Adani Energy Solutions Ltd. (AESL) has won a ~Rs 8,500 crore inter-state transmission project in Andhra Pradesh, awarded through the Tariff-Based Competitive Bidding (TBCB) framework. The project, named "Transmission System for Proposed Green Hydrogen / Green Ammonia Projects in Vizag Area, Andhra Pradesh (Phase-I)", is designed to support power supply for Green Hydrogen/Green Ammonia projects and cater to an estimated demand of 4,500 MW. The project will add 1,582 ckm of transmission lines and 10,500 MVA of transformation capacity to AESL's portfolio and is contracted for delivery in 30 months. This win increases AESL's transmission orderbook to over Rs 80,000 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_24072026142251_AESL_MEDIA_RELEASE.pdf)
- 2026-07-22 — Generic Announcement: Adani Energy Solutions Limited submitted audio recordings of an analyst and investor call concerning the company's unaudited financial results for the quarter ended June 30, 2026. The call took place on July 22, 2026, and the recordings are available via a provided web link. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_22072026200110_AESL_-_Audio.pdf)
- 2026-07-21 — Generic Announcement: Adani Energy Solutions Ltd. announced its unaudited financial results for the quarter ended June 30, 2026, on July 21, 2026. The company also disclosed its binding agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for ₹3,050 crore, subject to regulatory approvals. This acquisition is expected to make Adani Energy Solutions India's largest smart metering platform with over 4.7 crore meters. The company also noted that legal proceedings in the US against a non-executive director do not impact the company. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_21072026135501_Outcome_results_21072026.pdf)
- 2026-07-21 — Press Release: Adani Energy Solutions Limited reported unaudited financial results for the quarter ended June 30, 2026, with total income growing 40% year-over-year to Rs 9,852 crore and Profit After Tax (PAT) increasing 130% to Rs 1,237 crore. EBITDA reached a record Rs 3,178 crore, up 58% year-over-year. The company also announced the proposed acquisition of IntelliSmart, aiming to become India's largest smart metering platform with over 47 million meters. Capital expenditure for Q1 FY27 was Rs 3,498 crore, an increase from Rs 2,224 crore in Q1 FY26. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_21072026185122_Press_release.pdf)
- 2026-07-21 — Generic Announcement: Adani Energy Solutions Limited (AESL) reported its unaudited financial results for the quarter ended June 30, 2026, with operational revenue up 54% year-on-year to ₹7,117 crore and EBITDA up 58% year-on-year to ₹3,178 crore. The company also announced a binding agreement to acquire IntelliSmart Infrastructure Private Limited for ₹3,050 crore, which will significantly expand its smart metering platform. AESL's transmission business saw system availability at 99.63%, and its distribution business (AEML Mumbai) sold 3,260 MUs, with distribution loss at 5.16%. — [Official attachment](https://nsearchives.nseindia.com/corporate/ADANITRANS_21072026215005_Outcome_presentation2026.pdf)

## News and market events

- 2026-09-18 — Economic Times: **Adani stocks soar up to 12% after Jefferies sees up to 53% upside in Adani Energy and others** — Adani group stocks rallied on Friday after Jefferies highlighted growth prospects across energy, ports and power businesses. Adani Total Gas gained over 12%, while Adani Energy Solutions, Adani Green, Adani Power and Adani Ports advanced following positive brokerage commentary and targets. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/adani-stocks-soar-up-to-12-after-jefferies-sees-up-to-53-upside-in-adani-energy-and-others/articleshow/134332474.cms)
- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)
- 2026-09-18 — BUSINESS: **Adani Energy gains 4% as Jefferies bullish on transmission, smart meters** — Jefferies expects Adani Energy Solutions to deliver double-digit growth over the medium term. — [Source](https://www.business-standard.com/markets/news/adani-energy-gains-4-as-jefferies-bullish-on-transmission-smart-meters-126091800606_1.html)
- 2026-09-18 — BUSINESSTODAY: **Adani Power, Adani Green, Adani Ports, Adani Energy: Jefferies shares target prices** — Adani stocks, Adani Power share price, Adani Green share price, Adani Ports share price, Adani Energy share price — [Source](https://www.businesstoday.in/markets/stocks/story/adani-power-adani-green-adani-ports-adani-energy-jefferies-shares-target-prices-556323-2026-09-18)
- 2026-09-10 — BUSINESSTODAY: **Jefferies sees 46% upside potential in this Adani stock; shares targets for AGEL, Adani Power** — Adani Energy Solutions, Jefferies, Adani Green Energy, AGEL, Adani Power, MSEDCL, RTC power, trading segment, Adani stocks, stock target price — [Source](https://www.businesstoday.in/markets/stocks/story/jefferies-sees-46-upside-potential-in-this-adani-stock-shares-targets-for-agel-adani-power-554523-2026-09-10)
- 2026-09-09 — REDIFF.COM: **Gains for power stocks depend on execution, valuations** — India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth. — [Source](https://www.rediff.com/business/report/india-power-sector-growth-renewables-capacity-expansion-and-investment-outlook/20260909.htm)
- 2026-09-09 — BUSINESSTODAY: **AEL, Adani Power, Adani Ports, Adani Energy: Why Adani stocks are rising today** — Adani Enterprises share, AEL share price, Adani Power share price, Adani Ports share price, Adani Energy Solutions share price, Adani stocks — [Source](https://www.businesstoday.in/markets/stocks/story/ael-adani-power-adani-ports-adani-energy-why-adani-stocks-are-rising-today-554299-2026-09-09)
- 2026-09-09 — BUSINESSTODAY: **Adani Energy shares in focus as arm signs 2,500 MW power deal with MSEDCL** — Adani Energy shares, Adani Energy share price, Adani Energy share, Adani Energy news, Adani stocks, Adani news — [Source](https://www.businesstoday.in/markets/stocks/story/adani-energy-shares-in-focus-as-arm-signs-2500-mw-power-deal-with-msedcl-554125-2026-09-09)
- 2026-09-08 — CNBC-TV18: **Adani Power shifts 2,500 MW Maharashtra power deal to group company** — Adani Power will transfer a 25-year contract to supply 2,500 MW of round-the-clock renewable power to Maharashtra to a group company, allowing it to focus on long-term baseload power generation. — [Source](https://www.cnbctv18.com/market/adani-power-shifts-2500-mw-maharashtra-power-deal-to-group-company-19987033.htm)
- 2026-09-07 — BUSINESSTODAY: **Adani stocks: GQG searching for buyers for stake sale? What you need to know** — Adani stocks, Rajiv Jain, GQG Partners, GQG, GQG Adani stake, GQG stake in Adani firms, Adani news — [Source](https://www.businesstoday.in/markets/stocks/story/adani-stocks-gqg-searching-for-buyers-for-stake-sale-what-you-need-to-know-553658-2026-09-07)
- 2026-09-04 — CNBC-TV18: **Why Adani Energy fell 10% despite expected MSCI inflows: GQG sold nearly 20 million shares** — GQG sold nearly 20 million Adani Energy shares as investors positioned for an MSCI index reshuffle, adding unexpected supply that helped send the stock down 10%. — [Source](https://www.cnbctv18.com/market/stocks/why-adani-energy-fell-10-despite-expected-msci-inflows-gqg-sold-nearly-20-million-shares-19984392.htm)
- 2026-09-03 — BUSINESSTODAY: **GQG further cuts stake in Adani Energy to 3.46%; Adani stocks where it trimmed holdings** — Adani Energy share price, Adani stocks, Adani Power share price, Adani Enterprises share price, GQG Partners — [Source](https://www.businesstoday.in/markets/stocks/story/gqg-further-cuts-stake-in-adani-energy-to-3-46-adani-stocks-where-it-trimmed-holdings-553042-2026-09-03)
- 2026-09-01 — BUSINESS: **Adani Energy Solutions achieves highest ESG-score in utility sector globally** — Adani Energy Solutions (AESL) today said that it has achieved the distinction of being the highest ESG-scored company globally in the Utilities sector as assessed by S&P Global, following the completion of S&P Global's latest Media and Stakeholder Analysis (MSA) review. — [Source](https://www.business-standard.com/markets/capital-market-news/adani-energy-solutions-achieves-highest-esg-score-in-utility-sector-globally-126090101372_1.html)
- 2026-08-31 — BUSINESS: **Lenskart up 3% ahead of MSCI rejig; Nomura calls it a generational stock** — The changes are closely watched by investors as MSCI indices are tracked by global institutional and passive funds, potentially triggering portfolio rebalancing and changes in stock-specific flows. — [Source](https://www.business-standard.com/markets/news/lenskart-up-3-ahead-of-msci-rejig-nomura-calls-it-a-generational-stock-126083100223_1.html)
- 2026-08-27 — CNBC-TV18: **This Adani Group stock can surge another 22%, says Morgan Stanley** — Morgan Stanley reaffirmed its 'Overweight' rating on Adani Energy Solutions with a target price of ₹1,943, citing a strong order pipeline after a ₹4,700-crore Maharashtra project win. — [Source](https://www.cnbctv18.com/market/stocks/this-adani-group-stock-can-surge-another-22-says-morgan-stanley-19978013.htm)
- 2026-08-26 — The Hindu: **Adani Energy Solutions wins ₹4,700-crore Maharashtra transmission project** — Adani Energy Solutions wins a ₹4,700-crore Maharashtra transmission project to transmit up to 4,500 MW of renewable and storage power within 36 months. — [Source](https://www.thehindubusinessline.com/companies/adani-energy-solutions-wins-4700-crore-maharashtra-transmission-project/article71391381.ece)
- 2026-08-26 — Economic Times: **Adani Energy Solutions wins Rs 4,700 crore Maharashtra transmission project** — Adani Energy Solutions secured a Maharashtra transmission project valued at Rs 4,700 crore. This project will support renewable energy evacuation and pumped storage facilities. It involves building new transmission lines and substations to enhance grid capacity. The project is scheduled for completion within thirty-six months. This development strengthens Adani Energy Solutions' transmission order book significantly. — [Source](https://economictimes.indiatimes.com/industry/renewables/adani-energy-solutions-secures-4700-crore-maharashtra-transmission-project-to-power-renewable-energy-growth/articleshow/133528716.cms)
- 2026-08-24 — Economic Times: **Sebi Turns Down Adani-linked FPIs’ Settlement Applications** — Indias capital markets regulator has rejected settlement applications by foreign portfolio investors (FPIs) that held significant stakes in listed Adani Group companies, people familiar with the matter said. — [Source](https://economictimes.indiatimes.com/et-front/sebi-turns-down-adani-linked-fpis-settlement-applications/articleshow/133446730.cms)
- 2026-08-14 — Economic Times: **Adani Energy Solution shares end 2% higher after acquiring Vizag Power Transmission** — Adani Energy Solutions shares gained 2% after the company acquired Vizag Power Transmission from REC Power Development and Consultancy. The acquisition is aimed at facilitating power integration for proposed green hydrogen and green ammonia projects in Vizag. The development follows AESLs win of an approximately Rs 8,500 crore transmission project in Andhra Pradesh. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/adani-energy-solution-shares-end-2-higher-after-acquiring-vizag-power-transmission/articleshow/133238587.cms)
- 2026-08-12 — Times of India: **UPERC seeks public views on Noida data centre parallel power licence** — UPERC begins public consultation on Adani Energy’s parallel power distribution licence for Noida data centre park, limiting scope to plots with approvals and LoCs. — [Source](https://timesofindia.indiatimes.com/city/lucknow/uperc-seeks-public-views-on-noida-data-centre-parallel-power-licence/articleshow/133192782.cms)
- 2026-07-31 — The Hindu: **Adani Energy plans another share sale by early next fiscal, sources say** — Adani Energy Solutions plans a new share sale by early next fiscal, following a significant recent capital raise amid recovery. — [Source](https://www.thehindu.com/business/industry/adani-energy-plans-another-share-sale-by-early-next-fiscal-sources-say/article71291989.ece)
- 2026-07-31 — The Hindu: **Adani Energy plans another share sale by early next fiscal year** — The group's flagship, Adani Enterprises, raised ₹158 crore ($1.58 ‌billion) ⁠via a QIP earlier this month and ₹280 crore ($2.8 ⁠billion) through a rights issue — [Source](https://www.thehindubusinessline.com/markets/adani-energy-plans-another-share-sale-by-early-next-fiscal-year/article71288983.ece)
- 2026-07-29 — Mint: **Goldman Sachs to Motilal Oswal: Institutions buys stake in multibagger stock that has surged 3,18,900% in 5 years** — Diamond Power and Infrastructure share price turned green after falling over 2% during the intraday session on Wednesday. — [Source](https://www.livemint.com/market/stock-market-news/goldman-sachs-to-motilal-oswal-institutions-buys-stake-in-multibagger-stock-diamond-power-infrastructure-11785306006645.html)
- 2026-07-28 — Economic Times: **Adani Energy’s Rs 3,500 crore QIP oversubscribed 3.1 times as FIIs, MFs and Azim Premji firm make bids** — Adani Energy Solutions' Rs 3,500 crore QIP was oversubscribed 3.1 times, attracting bids worth over Rs 10,800 crore from domestic mutual funds, insurers, foreign investors and Premji Invest. The issue was priced at Rs 1,615 per share, a discount to the SEBI floor price. The proceeds will fund capital expenditure, debt repayment, acquisitions and general corporate purposes. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/adani-energys-rs-3500-crore-qip-oversubscribed-3-1-times-as-fiis-mfs-and-azim-premji-firm-make-bids/articleshow/132679389.cms)
- 2026-07-28 — Economic Times: **Stocks in news: HDFC Bank, BEL, Coal India, Adani Energy, Tata Power** — Indian stock markets rebounded strongly on Monday, driven by easing global tensions. HDFC Bank concluded an internal review, while Bank of Baroda reported a data breach incident. Bharat Electronics and Coal India announced their quarterly financial results. Adani Energy Solutions launched a qualified institutional placement to raise funds. Tata Power also reported its first-quarter financial performance for FY27. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-hdfc-bank-bel-coal-india-adani-energy-tata-power/articleshow/132666658.cms)

## Business profile

**Strategic vision:** Electric power transmission and distribution company facilitating energy security.

### Business segments
- **Power Transmission:** Adani Energy Solutions operates a significant network for power transmission.
- **Power Distribution:** The company is involved in distributing power to a large customer base.
- **Smart Metering:** This segment focuses on smart metering solutions.
- **Commercial & Industrial:** Adani Energy Solutions provides energy solutions tailored for commercial and industrial clients.
- **Cooling Solutions:** The company also offers cooling solutions as part of its energy offerings.
- **Tech & Innovation:** A focus on technology and innovation underpins its various business segments.

### Competitive strengths
- Facilitating India's energy security through extensive power transmission and distribution networks.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/adaniensol
Markdown representation: https://faxioms.com/stocks/adaniensol?render=md