Adani Energy Solutions Ltd. reported a robust performance in Q2 FY26, highlighting strong cash flow management and operational efficiency across its power infrastructure. The company achieved a year-on-year collection efficiency of 100.59%, reflecting its consistent focus on financial discipline. Operational reliability remained high, with system availability at 99.6%, underscoring the resilience of its energy assets.
Transmission Segment Expands Network and Secures ₹700 Crore Projects
Adani Energy’s transmission business added 190 circuit kilometers (ckm) to its network, taking the total to 26,705 ckm. The company secured four new projects focused on line and substation augmentation, contributing 4,000 MVA in capacity and adding ₹700 crore in project value. The transmission order book now includes 13 projects valued at ₹60,004 crore, reflecting strong growth prospects in the sector.
Distribution Business Posts Strong Demand Growth
The Mumbai distribution segment maintained a distribution loss of just 4.36% and an exceptional Average System Availability Index (ASAI) of 99.999%. Energy sales rose 2% YoY to 2,650 million units, driven by increased consumption in commercial and industrial segments. Additionally, the Mundra Utility Licensee (MUL) experienced a sharp 55% YoY increase in units sold, reaching 364 million units, supported by robust industrial demand.
Smart Metering Operations Expand Rapidly
Adani Energy’s smart metering division achieved a major milestone by securing a contract to install 18.36 lakh meters, with a revenue potential of ₹2,323 crore. The cumulative order book now stands at 2.46 crore meters, representing a total revenue potential of ₹29,519 crore. During the quarter, the company installed 18.2 lakh smart meters, bringing the total installed base to 73.7 lakh meters, on track to reach 1 crore meters by the end of FY26.
Debt Reduction via Strategic Bond Buyback
As part of its deleveraging strategy, Adani Energy repurchased $44.66 million worth of bonds from its $300 million, 3.867% ADANEM 2031 issuance, signaling a strong commitment to reducing debt and strengthening the company’s balance sheet.
Outlook
With continued growth across transmission, distribution, and smart metering, along with disciplined cash flow management and proactive debt reduction, Adani Energy Solutions is well-positioned to maintain operational resilience and strategic expansion in the Indian power sector.
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