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Adani Energy Solutions shines on receiving LoI for acquisition of Halvad Transmission from PFC Consulting

27 Dec 2023 Evaluate

Adani Energy Solutions is currently trading at Rs. 1057.20, up by 16.00 points or 1.54% from its previous closing of Rs. 1041.20 on the BSE.

The scrip opened at Rs. 1068.05 and has touched a high and low of Rs. 1082.40 and Rs. 1055.00 respectively. So far 19118 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2798.60 on 23-Jan-2023 and a 52 week low of Rs. 630.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1082.40 and Rs. 979.30 respectively. The current market cap of the company is Rs. 118152.98 crore.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 21.60% and 5.17% respectively.

Adani Energy Solutions (AESL) has received the Letter of Intent (LoI) for the acquisition of Halvad Transmission from PFC Consulting (PFCCL). The Halvad Transmission, a special purpose vehicle (SPV), has been set up by PFCCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase III Part A package. AESL won the project through the Tariff-Based Competitive Bidding (TBCB) process and will commission the project in the next 24 months on BOOM (Build, Own Operate, and Maintain) basis.

The world’s largest RE park, with a generation capacity of 30,000 MW of green energy, is coming up at Khavda, Gujarat. The Halvad transmission line, part of National Grid, will help evacuate 7GW of RE by connecting Khavda to Halvad (also in Gujarat).

AESL would be investing Rs 3,000 crore to build, own, operate and maintain the 301 km (656 ckm) transmission project for a period of 35 years. The project includes setting up of 765 kV Halvad switching station with 2x330 MVAr bus reactors and Line-In Line-Out of Lakadia – Ahmedabad 765 kV D/c line at Halvad.

Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.


Adani Energy Solut. Share Price

1259.20 36.90 (3.02%)
17-Apr-2026 16:59 View Price Chart
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