Adani Energy Solutions Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

 Adani Energy Solutions has incorporated a wholly owned subsidiary company in the name of “Adani Energy Solutions Step-Ten on 18 December 2024. This new company will be engaged in transmission, distribution and supply of power and other infrastructure services relating thereto.

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Adani Energy Solutions has incorporated wholly owned subsidiary company in the name of “Adani Energy Solutions Step-Eleven” on 17 December 2024. The new company will be engaged in transmission, distribution and supply of power and other infrastructure services relating thereto.

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The Letter of Intent was received under Phase-III Part-I through the Tariff-Based Competitive Bidding Process. The LoI is contingent upon the company's unconditional acceptance and meeting certain conditions within 10 days of issuance and is subject to the execution of binding agreements between the parties.

Adani Energy Solutions (formerly known as Adani Transmission (ATL)) is the transmission and distribution business arm of the Adani Group, one of India's largest business conglomerates. It is the country's largest private transmission company, holding an operational portfolio of 28 projects and an under-implementation portfolio of nine transmission and nine smart meter projects with a cumulative transmission network of more than 20,509 circuit km (ckm).

REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans, apart from foreign borrowings.

Shares of Adani Energy Solutions fell 0.83% to Rs 809.45, while those shares of REC shed 0.36% to Rs 541.70 on the BSE.

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Adani Energy Solutions Ltd rose 7.41% today to trade at Rs 710.25. The BSE Utilities index is up 1.11% to quote at 5733.35. The index is down 6.91 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd increased 6.99% and Adani Power Ltd added 4.62% on the day. The BSE Utilities index went up 43.41 % over last one year compared to the 19.93% surge in benchmark SENSEX.

Adani Energy Solutions Ltd has lost 23.67% over last one month compared to 6.91% fall in BSE Utilities index and 0.17% drop in the SENSEX. On the BSE, 1.65 lakh shares were traded in the counter so far compared with average daily volumes of 4.25 lakh shares in the past one month. The stock hit a record high of Rs 1347.9 on 01 Aug 2024. The stock hit a 52-week low of Rs 588.25 on 27 Nov 2024.

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