Adani Energy Solutions Limited (AESL) reported broad-based operational progress across its transmission, distribution, and smart metering businesses during the fourth quarter of FY26, reflecting continued execution momentum across its core infrastructure verticals.
During the quarter, the company commissioned the Mumbai High-Voltage Direct Current (HVDC) Project, its second HVDC project, which adds 1,000 MW of transmission capacity to Mumbai’s power network.
The project is expected to support growing peak demand while improving grid reliability and climate resilience.
AESL also secured a new transmission project linked to the South Kalamb substation network expansion scheme.
With this, the company’s total transmission network expanded to 27,949 circuit kilometres, while maintaining average system availability of 99.77% during the quarter.
When it comes to its Mumbai distribution business, the company reported improvement in operating efficiency with the total distribution losses declining to 4.20% in Q4 FY26 from 4.31% in the corresponding period last year. Supply reliability remained strong at 99.997%.
Electricity units sold in Mumbai rose 4% year-on-year to 2,508 million units, while collection efficiency stood at 101.70%.
Meanwhile, Mundra utility operations saw stronger growth, with units sold rising 46% year-on-year driven by industrial demand.
AESL crossed the milestone of 1 crore cumulative smart meter installations during the quarter, surpassing its previously stated guidance.
The company’s smart metering order book currently stands at 2.46 crore meters, carrying a revenue potential of ₹29,519 crore.
Management also highlighted a significant untapped domestic opportunity, with the national smart meter market estimated at 103 million units.
For the full year, transmission infrastructure and distribution performance continued to improve. Power transformation capacity increased sharply to 1,23,175 MVA, while average system availability improved marginally to 99.70%.
In Mumbai distribution, consumer complaints declined significantly, the customer base expanded to 3.27 million, and digital collections improved with e-payments accounting for 85.5% of total collections.
Read More: Adani Enterprises Share Price in Focus; Subsidiary Adani Airport City Incorporates 4 New Subsidiaries!
As of 13 April 2026, at 9:27 AM, Adani Energy Solutions share price was closed at ₹1,139.90 per share, reflecting a decline of 1.55% from the previous closing price.
Adani Energy Solutions’ strong operational update reflects continued infrastructure expansion, improved utility performance, and growing traction in smart metering, reinforcing its long-term growth visibility.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 13, 2026, 11:00 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
