Adani Energy's Ambitious Capex Plans to Revolutionize Transmission and Distribution

Adani Energy Solutions plans a massive Rs 18,000 crore capital expenditure in the current fiscal, focusing on transmission, distribution, and smart metering. CEO Kandarp Patel confirms Rs 6,000 crore already invested, with significant projects aiming to boost revenue and EBITDA in the coming years.

Adani Energy Solutions Limited (AESL) is set to invest up to Rs 18,000 crore in the current fiscal year, a senior company official disclosed during an earnings call. This ambitious plan includes funds already committed to various projects.

AESL CEO Kandarp Patel elaborated on the capital expenditure, revealing plans for Rs 11,400 crore in transmission, Rs 1,600 crore in distribution, and Rs 4,000 crore in smart metering. Patel highlighted substantial contributions to the Navi Mumbai area, spanning a significant five-year period.

The company anticipates capitalising Rs 17,000-18,000 crore of capex, aiming for an annual EBITDA of Rs 2,800 crore. Patel underscored their strong order pipeline as a catalyst for growth over the next 3-4 years.

(With inputs from agencies.)