Adani Energy Solutions: Capital expenditure up 57 per cent in Q1FY27
- July 22, 2026
Adani Energy Solutions Ltd (AESL) witnessed a 57 per cent year-on-year growth in capital expenditure incurred during the first quarter (Q1: April to June) of FY27.
In a release, AESL said that its capital expenditure during Q1FY27 was Rs.3498 crore, 57 per cent higher than the comparable Rs.2224 crore in Q1FY26.
Here are some operational highlights with respect to the company’s power transmission and distribution business:
- AESL’s aggregate under-construction power transmission pipeline stands at Rs 71,779 crore, covering 13 projects (See table)
- The company’s smart meter order book remains at 24.6 million meters with a revenue potential of Rs 29,519 crore (See table)
- AESL announced to acquire IntelliSmart, one of India’s largest smart meter players – on track to become India’s largest smart metering platform with a total portfolio of 47+ million meters (Read full story)
- The near-term tendering pipeline in the power transmission sector remains robust at around Rs 1.1 lakh crore, while the nationwide market opportunity for smart metering continues at 103 million meters
- Total electricity units sold in the Mumbai circle by Adani Electricity Mumbai Ltd (AEML) increased by 11 per cent from 2,939 MU in Q1FY26 to 3,260 MU in Q1FY27
- However, distribution loss in AEML network was at 5.16 per cent in Q1FY27, impacted by extreme heatwave conditions resulting to higher energy consumption and increase in distribution loss
Continued operational excellence
According to Kandarp Patel, CEO, Adani Energy Solutions Ltd, “AESL has delivered robust start to FY27, driven by strong financial performance and continued operational excellence across our core businesses. During the quarter, we further strengthened our growth platform through the proposed acquisition of IntelliSmart, a strategic step towards building India’s leading smart metering platform. Our Energy Solutions Platform has now gathered momentum, supported by significant renewable energy tie-ups and growing consumer stack across utilities, Commercial & Industrial and data centre segments. Backed by a strong project pipeline, disciplined execution and credit discipline, we remain well positioned to drive sustainable growth and create long-term stakeholder value.”
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Featured photograph (source: AESL) is for representation only