Adani Energy Solutions Limited has released its provisional operational performance for Q4 FY26. The company reports robust growth, headlined by the commissioning of its second HVDC project in Mumbai, strengthening transmission capacity by 1,000 MW. Additionally, the firm reached a milestone of 1 crore cumulative smart meter installations and maintained high system reliability across its transmission and distribution networks, further cementing its position as a leader in India’s energy infrastructure sector.
Transmission Business Milestones
During the quarter, the company significantly expanded its infrastructure, reaching a transmission network length of 27,949 circuit kilometers (ckm). A key highlight was the commissioning of the Mumbai HVDC Project, which is set to enhance grid reliability and meet the city’s rising peak demand. The company also secured new network expansion projects, including the South Kalamb Substation, maintaining a robust system availability of 99.77%.
Distribution and Consumer Growth
In the Mumbai distribution circle, supply reliability remains high at 99.997%. The consumer base grew to 3.27 million, with a total of 2,508 million units (MUs) sold in Q4 FY26, a 4% increase compared to the same period last year. Distribution losses saw a consistent improvement, reaching 4.20%, well below regulatory norms. Furthermore, the Mundra (MUL) operations saw strong industrial demand, with units sold growing 46% year-on-year to 368 million units.
Smart Metering Expansion
The company demonstrated strong execution in the smart metering space, surpassing its guidance of 1 crore cumulative installations. The current order book stands at 2.46 crore meters, representing a substantial revenue potential of Rs 29,519 crore. With an untapped national market opportunity estimated at 103 million meters, the company is well-positioned for sustained growth in this segment.
Sustainability and Recognition
Adani Energy Solutions continues to prioritize environmental governance, achieving Single-Use Plastic (SUP) free certification across 64 O&M sites. The company has also been recognized among India’s Top 60 Most Sustainable Companies, ranking in the top 30 overall and 3rd within its sector. These achievements underscore a commitment to Zero Waste-to-Landfill and Net Water Positive operations.
Source: BSE
