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Adani Energy Solutions – At a glance

Strengthening India’s energy sector

We are India’s largest integrated energy player with a pole position in the transmission and distribution business focussed on delivering reliable, affordable, and sustainable energy solutions.
Our integrated portfolio is spanned across power transmission, distribution, smart metering, and energy solutions catering to various facets of the energy domain.

With the accelerated growth phase, powered by the triple engines of transmission, distribution and smart metering businesses, the company will further consolidate its position in the industry. On the basis of a strategic roadmap, we continue to expand our capacity in collaboration with trusted partners, including our leading development partner – Adani Infra. Such initiatives propels our ambition to connect the people of the country, and the energy sector, and drive progress across the nation grid by grid.

Vision

To be a world-class leader in businesses that enrich lives, create sustainable value and contribute to nation-building.

Mission

Transmission

To set up 30,000 circuit km of transmission lines by 2030.

Distribution

To serve our customers with affordable, reliable and sustainable power with highest service quality and consumer centricity.

Smart Meter

Empower consumers by providing insights for optimised electricity usage and allow distribution companies to better understand the grid management and consumption pattern for enhanced grid performance and service quality.

Values

Courage

We shall embrace new ideas and businesses

Trust

We shall believe in our employees and other stakeholders

Commitment

We shall stand by our promises and adhere to the highest standards of business

Our Customers

We cater to customers in both B2B and B2C segments, offering diverse solutions:

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Transmission

Serving B2B customers such as power generation companies and state DISCOMs

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Distribution

Addressing the needs of B2B industrial consumers through MPSEZ Utilities Limited (MUL) and both retail and C&I consumers through Adani Electricity Mumbai Limited (AEML); customise energy solutions to C&I consumers

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Smart Metering

Catering B2B distribution companies (DISCOMs)

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Cooling Solutions

Providing B2B cooling solutions for commercial real estate, industrial zones, data centers and airports under Cooling as a Service (CaaS) model

Strength in Scale, Resilience in Execution

Expanding with Strength

As India’s largest private integrated energy solutions provider, we are scaling new heights by building on our strong foundation. With a 26,696 ckm transmission network, a strategic presence across 16 states, and integrated distribution utilities in Mumbai and Mundra, we are driving the next phase of energy transformation.

  • Industry-leading operating efficiency with a 99.7% network availability and low distribution losses ensures uninterrupted energy supply
  • Largest private transmission player with an expanding footprint and sustained 8% CAGR growth in RAB in Mumbai DISCOM
  • Investments in HVDC transmission, smart metering, and renewable energy reinforce Adani Energy Solutions’ commitment to strengthening India’s energy infrastructure

Resilient Growth

Resilience defines our approach as we scale our business with innovation and sustainability. We are consolidating our leadership in a dynamic industry through integrating cutting-edge technology and future-ready energy solutions.

  • Triple growth engines – Transmission, Distribution, and Smart Metering – driving accelerated business expansion
  • Consumer-centric approach, catering to 12 million+ consumer and unlocking a 91-million potential smart metering consumer base
  • ESG-driven growth, with 35.2% renewable share in AEML’s power mix, on track to reach 60% by FY 2026-27, and investments in solar capacity for substations

Future-ready Investments

Scaling our business requires resilient capital management and strategic partnerships to drive long-term value creation.

  • Successfully raised ₹8,373 crore via QIP, marking the largest fundraise in the Indian power sector
  • Robust capital management framework, ensuring access to long-tenor, low-cost capital (BBB- / Baa3 rating)
  • Strengthen presence in the areas of parallel licence, DISCOM privatisation, smart metering and energy solutions with a special focus on the bulk consumers and renewable & industrial zones
Shareholding and Operating Structure

Notes:

(1) Shareholding as of March 31, 2025

(2) Primary Equity - QIA’s Investment in AEML: USD 452 million (₹32 billion) total investment (USD 170 million of Equity and USD 282 million of shareholder sub-debt) for 25.1% stake in AEML

RAB: Regulated Asset Base; AEML: Adani Electricity Mumbai Limited; MUL: MPSEZ Utilities Limited; Sq. Km: Square Kilometre; BOT: Build Own Transfer