Adani Energy Solutions Limited (AESL) will increase its capital expenditure by 47 per cent to about ₹22,000 crore in FY27, with the bulk of the spending directed toward its transmission business as the company scales up core infrastructure.
“The consolidated capex for AESL — transmission, distribution, smart metering — has increased significantly over a period of time. We have now reached close to ₹15,000 crore capex. We will continue to improve the capex,” said Kandarp Patel. Detailing the FY27 pipeline, Patel told investors on Friday, “We will have about ₹22,000 crore of capex, of which transmission will be ₹15,500 crore, distribution about ₹2,350 crore, smart metering about ₹3,900 crore,” underscoring the transmission-led nature of the investment cycle.
The upward trajectory is set to continue into FY28. “In FY28, the company will be spending an estimated ₹25,000 crore of which ₹20,000 crore will be spent on transmission, ₹2,000 crore on distribution and ₹1,500 crore on smart metering,” he added.
Alongside network expansion, AESL is accelerating its smart metering rollout. “We will be doing a minimum of one crore smart meters during the current year,” Patel said.
The company installed 82 lakh smart meters during the year, taking cumulative installations to over one crore, as it deepens its push into digital and efficient power distribution systems.
Operationally, the fourth quarter of FY26 saw the commissioning of the Mumbai HVDC project, strengthening AESL’s presence in Mumbai, Maharashtra, and making it the only private sector player in India to have executed two such high-voltage direct current projects. During the year, the company commissioned five transmission projects, including North Karanpura Transmission and Khavda-linked assets, as it continued to scale up its network and reinforce its position in India’s power transmission sector.