Adani Energy Solutions Limited, a part of the diversified Adani portfolio, said it has received the letter of intent (LoI) for the acquisition of Halvad Transmission Ltd from PFC Consulting Limited (PFCCL).
According to a press release by Adani, Bimal Dayal the current CEO of the Transmission business, has been appointed as the Chief Executive Officer of Adani Infrastructure India Limited.
According to a press release by Adani Group, in the July-September 2023 quarter, AESL demonstrated substantial improvement across various ESG parameters, positioning itself as a leader in responsible corporate practices.
Q2 FY24 (Year-on-Year) Consolidated revenue increased by 13 percent to reach Rs 3,421 crore, consolidated operational EBITDA grew by 10 per cent to reach Rs 1,368 crore, Profit Before Tax (PBT) rose by 48 percent to Rs 370 crore. PAT saw an impressive 46 per cent growth, reaching Rs 284 cro
According to the AESL, this endeavour strengthens the national grid, facilitating a seamless flow of 4500 MW of power between the Western and Southern regions while also fortifying the Southern region's grid for efficient integration of renewable energy sources.
Kharghar Vikhroli Transmission Limited, which will enable additional power to be brought into Mumbai and thus enable meeting the city’s growing and future electricity demand, is commissioned, said Adani Energy Solutions Limited (AESL) through a release on Monday.
Adani Energy Solutions Limited (AESL) on Monday announced it was successful in the financial closure for its USD 1 billion green HVDC (high-voltage direct current ) link project, which will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city.