Adani Energy Solutions shares in focus ahead of Q2 results today

Shares of Adani Energy Solutions will be in focus in today's trade as the company will announce its results for the second quarter ended September 2024.

While there are no estimates for the second quarter results, Adani Energy Solutions in its recent update said the company maintained a robust system availability of 99.7% for the transmission business.

It added 140 ckm to the network during the quarter, with the total transmission network at 23,269 ckm


The company has also won three new transmission projects during Q2FY25 - NES in Jamnagar Gujarat, NES in Navinal (Mundra), Khavda Phase IVA adding 2,059 ckm to under construction network

With three new project wins, the under-construction project pipeline has increased from Rs 17,000 crore in Q1FY25 to Rs 27,300 crore in Q2FY25

For the distribution business, the distribution loss in the Mumbai utility is consistently improving and stands at 4.85% in
Q2FY25

It maintained supply reliability (ASAI) of more than 99.9%. In Q2FY25, total units sold rose by 7% YoY to 2,609 million units, up from 2,446 million units in Q2FY24, mainly driven by rising energy demand

Due to higher digital adoption rate, e-payment as a percentage of total collection increased to 83.27% in Q2FY25 vs 79.19% last year

The units sold in MUL increased by 50% YoY to 234 million units as against 156 million units last year with robust industrial demand

Meanwhile, the total smart metering under-construction pipeline stands at 22.8 million smart meters across nine contracts. The meter deployment activity is pacing up well across various circles

Adani Energy said it concluded divestment of 500 MW of Adani Dahanu Thermal Power Station to a group company, in line with its ESG philosophy.

The company successfully raised Rs 8,373 crore via qualified institutional placement, making it the largest fundraise in the Indian power sector.