Adani Energy Solutions Share Price in Focus; Crosses 1 Crore Smart Meter Installations in FY26

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. 

Transmission Network Expansion Continues 

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. 

Distribution Business Shows Operational Improvement 

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. 

Smart Metering Business Scales Up Rapidly 

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. 

FY26 Operational Metrics Strengthen 

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! 

Adani Energy Solutions Share Price Performance 

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. 

Conclusion 

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. 

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