🔌 Adani Energy Solutions Delivers Robust Operational Performance in Q1 FY26

**Adani Energy Solutions Ltd. (AESL)** reported a strong operational performance for the first quarter of FY26, reaffirming its leadership in India’s power transmission and distribution space. The company continues to scale both in volume and execution, while maintaining high system availability and regulatory compliance. #### 🔋 Transmission Business: Expansion & Execution on Track AESL commissioned three key transmission projects — **Khavda Phase II Part-A**, **Khavda Pooling Station–1**, and **Sangod Line** — adding **79 circuit kilometers** (ckm) to its network. With the addition of the WRNES Talegaon project (₹1,663 crore, 3,000 MVA), the company’s **under-construction order book now stands at ₹59,304 crore**. System availability remained best-in-class at **99.8%**, signaling strong operational discipline. #### ⚡ Distribution (Mumbai & Mundra): Efficiency and Reliability In Mumbai (AEML), **distribution losses reduced to 4.24%**, one of the lowest in the country. Collection efficiency improved YoY to **98.29%**, despite seasonal demand pressure due to early monsoon. Reliability metrics such as **ASAI (99.997%)**, SAIFI, and CAIDI also showed improvement. Mundra (MUL) saw a **20% YoY jump in units sold**, driven by robust industrial demand. #### 📟 Smart Metering: Aggressive Scaling Continues AESL installed **55.5 lakh smart meters** as of Q1 FY26, with a daily installation run rate of 25,000–27,000. It aims to reach **1 crore meters by FY-end**, tapping into a massive market potential of **\~9.5 crore meters** under upcoming bids. #### ♻️ ESG & Recognition AESL’s ESG performance continues to impress, with inclusion in the **FTSE4Good Index (June 2025)** and a high ESG score of **4.4 vs industry average of 2.9**. The company also won the “Best Security Team of the Year” at the **10th CISO Conclave & Awards 2025**, highlighting its strong cybersecurity framework. **Source:** Company Filing, July 11, 2025