Adani Energy Expands Transmission Network by 30% in Q4 FY25 with Major Project Wins

Adani Energy Solutions Ltd (AESL) reported a 30% increase in its transmission network length, reaching 26,696 circuit kilometres (ckm) by the end of the March quarter, driven by new order acquisitions.

In its provisional operational update, AESL stated that the transmission network had stood at 20,509 ckm as of the March quarter in FY24.

The increase to 26,696 ckm reflects strong bidding capabilities and the company’s ability to capitalise on emerging opportunities. In Q4 FY25 alone, AESL added 140 ckm to its network.

New Project Wins Strengthen Portfolio

During the quarter, AESL secured two significant transmission projects—Navinal (Mundra) Phase I Part-B 1 and Mahan Transmission—with respective project costs of ₹2,800 crore and ₹2,200 crore.

These additions have contributed to the robust growth in AESL’s under-construction transmission order book.

The company’s under-construction order book surged 3.5 times to ₹59,936 crore from ₹17,000 crore at the beginning of the financial year.

This sharp increase was fuelled by intensified bidding activities, highlighting AESL’s strategic focus on expanding its infrastructure footprint.

Power Transformation Capacity Witnesses Strong Growth

In Q4 FY25, AESL expanded its power transformation capacity from 57,011 MVA (megavolt ampere) in the same quarter of the previous year to 90,236 MVA.

This increase aligns with the company’s continued efforts to upgrade its capabilities in line with growing demand.

Smart Metering Business Gains Momentum

AESL continues to scale up its smart metering business, installing 31 lakh smart meters during the quarter. The company aims to install an additional 60 to 70 lakh meters in FY26, targeting a cumulative total of 1 crore smart meters by the end of the next financial year.

The current untapped market for smart meters stands at an estimated 97 million, presenting a vast opportunity for growth.

Consumer Base and Distribution Performance

As of Q4 FY25, AESL had a consumer base of 3.18 million. It sold 2,413 million units (MUs) during the quarter, up from 2,226 MUs in the same quarter last year. The increase in energy sales reflects growing demand across segments.

Formerly known as Adani Transmission Limited, AESL demonstrated solid operational performance throughout Q4 and the full fiscal year 2025, driven by a dual focus on transmission expansion and distribution efficiency.

Strong Performance by Adani Electricity Mumbai Ltd

Adani Electricity Mumbai Ltd (AEML), the distribution arm of AESL, delivered robust operational results. It maintained over 99.9% supply reliability in Q4, ensuring uninterrupted power to its 3.18 million customers.

Total units sold by AEML increased by 8% year-on-year, driven primarily by a rise in residential and commercial demand. This offset a minor decline in industrial consumption, showcasing resilient growth in key segments.

Improved Distribution Efficiency and Digital Adoption

AEML recorded significant improvements in operational efficiency. Distribution losses dropped to 4.31%, placing it among the best-performing utilities in the country.

Additionally, e-payment adoption rose to 83.20% of total collections, reflecting a push towards digital enablement and customer convenience.

Renewable Energy Share Rises in Power Mix

AEML’s renewable energy contribution rose to 36% of its total power mix as of March 31, 2025. The company is firmly on track to reach its goal of 60% renewable energy by FY27.

This aligns with AESL’s broader sustainability strategy and its commitment to reducing dependence on non-renewable sources.

Partnerships for Sustainability Initiatives

AESL signed a Memorandum of Understanding (MoU) with MAHAPREIT to implement advanced cooling solutions in Mumbai and surrounding regions.

This initiative supports India’s net-zero carbon ambitions and is a step toward a more sustainable energy ecosystem.

MPSEZ Utilities Posts Sharp Growth in Sales

Adani’s MPSEZ Utilities Limited (MUL) posted a 35% year-on-year increase in energy sales, reaching 253 million units in Q4 FY25.

The surge was attributed to high demand in the industrial and commercial sectors, contributing further to AESL’s overall performance.

Looking Ahead

With a strengthened project pipeline, increased transformation capacity, expanding smart metering operations, and a growing renewable energy mix, AESL is well-positioned for sustained growth.

Its ongoing focus on digital innovation, operational efficiency, and sustainability continues to define its long-term strategic direction.