Adani Energy Solutions gains on bagging LoI from PFC Consulting
Adani Energy Solutions is currently trading at Rs. 1030.75, up by 3.70 points or 0.36% from its previous closing of Rs. 1027.05 on the BSE.
The scrip opened at Rs. 1028.10 and has touched a high and low of Rs. 1044.15 and Rs. 1024.40 respectively. So far 20934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 14-Nov-2025 and a 52 week low of Rs. 588.25 on 27-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1050.00 and Rs. 997.80 respectively. The current market cap of the company is Rs. 123852.24 crore.
The promoters holding in the company stood at 71.19%, while Institutions and Non-Institutions held 23.01% and 5.79% respectively.
Adani Energy Solutions has received a Letter of Intent (LoI) from PFC Consulting for establishment of ‘Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C’ through Tariff Based Competitive Bidding Process (TBCB). The LoI is subject to customary conditions and execution of binding agreements between the parties.
The project includes establishment of 2500 MW HVDC (High Voltage Direct Current) system between KPS III to South Olpad (around 1200 ckm) taking the company’s overall transmission network to 27,905 ckm and 97,236 MVA of transformation capacity. The project is designed to facilitate the evacuation of 2.5 GW of renewable energy, comprising of Phase-V scheme which has been planned to enable evacuation of an additional 8 GW RE power from Khavda RE park.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
