The Letter of Intent was received under Phase-III Part-I through the Tariff-Based Competitive Bidding Process. The LoI is contingent upon the company's unconditional acceptance and meeting certain conditions within 10 days of issuance and is subject to the execution of binding agreements between the parties. Adani Energy Solutions (formerly known as Adani Transmission (ATL)) is the transmission and distribution business arm of the Adani Group, one of India's largest business conglomerates. It is the country's largest private transmission company, holding an operational portfolio of 28 projects and an under-implementation portfolio of nine transmission and nine smart meter projects with a cumulative transmission network of more than 20,509 circuit km (ckm). REC, a Navratna company under the Ministry of Power, provides financial assistance to the power sector in all segments. It funds its business with market borrowings of various maturities, including bonds and term loans, apart from foreign borrowings. Shares of Adani Energy Solutions fell 0.83% to Rs 809.45, while those shares of REC shed 0.36% to Rs 541.70 on the BSE.Powered by Capital Market - Live

Adani Energy Solutions Ltd rose 7.41% today to trade at Rs 710.25. The BSE Utilities index is up 1.11% to quote at 5733.35. The index is down 6.91 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd increased 6.99% and Adani Power Ltd added 4.62% on the day. The BSE Utilities index went up 43.41 % over last one year compared to the 19.93% surge in benchmark SENSEX. Adani Energy Solutions Ltd has lost 23.67% over last one month compared to 6.91% fall in BSE Utilities index and 0.17% drop in the SENSEX. On the BSE, 1.65 lakh shares were traded in the counter so far compared with average daily volumes of 4.25 lakh shares in the past one month. The stock hit a record high of Rs 1347.9 on 01 Aug 2024. The stock hit a 52-week low of Rs 588.25 on 27 Nov 2024.Powered by Capital Market - Live

Adani Energy Solutions has received credit ratings as under: 1 ICRA  - Reaffirmed the credit rating of Commercial Papers as ICRA A1+. 2 India Ratings outlook changed to negative from stable. - Adani Transmission Restricted Group 1 (AESL RG1), which comprises Barmer Power Transmission Service; Raipur-Rajnandgaon-Warora Transmission; Sipat Transmission ; Thar Power Transmission Service ; Hadoti Power Transmission Service ; Chhattisgarh-WR Transmission - Baa3 ratings affirmed; outlook changed to negative from stable. - Adani Electricity Mumbai (AEML) - Baa3 ratings affirmed; outlook changed to negative from stable. 4. Fitch Ratings  - Placed Adani Energy Solutions' (AESL) LongTerm Foreign- and Local-Currency Issuer Default Ratings of 'BBB-' and the 'BBB-' ratings on Adani Electricity Mumbai's (AEML) senior secured notes on Rating Watch Negative (RWN). The 'BBB-' ratings on the notes issued by AESL's subsidiary, Adani Transmission Step-One, have also been placed on RWN. Powered by Capital Market - Live

Adani Energy Solutions announced that S&P Global Ratings have reaffirmed the ratings of the Adani Electricity Mumbai, a material Subsidiary of the Company at 'BBB-' and changed the outlook from 'Stable' to 'Negative. Powered by Capital Market - Live

Adani Energy Solutions Ltd lost 20% today to trade at Rs 697.7. The BSE Utilities index is down 3.6% to quote at 5528.53. The index is down 11.2 % over last one month. Among the other constituents of the index, Adani Green Energy Ltd decreased 17.88% and Adani Power Ltd lost 13.41% on the day. The BSE Utilities index went up 44.7 % over last one year compared to the 17.14% surge in benchmark SENSEX. Adani Energy Solutions Ltd has lost 31.09% over last one month compared to 11.2% fall in BSE Utilities index and 3.59% drop in the SENSEX. On the BSE, 59087 shares were traded in the counter so far compared with average daily volumes of 1.86 lakh shares in the past one month. The stock hit a record high of Rs 1347.9 on 01 Aug 2024. The stock hit a 52-week low of Rs 697.7 on 21 Nov 2024.Powered by Capital Market - Live

Adani Energy Solutions Global, UAE, a wholly owned subsidiary of Adani Energy Solutions (AESL), has incorporated a wholly owned subsidiary company, 'Progressive Grid Networks' in Kenya as per Certificate of Incorporation received by the Company on 7 November 2024 at 6:18 PM IST. The new company will explore opportunities in power transmission projects in Kenya. Powered by Capital Market - Live

Hindalco Industries Ltd, Trent Ltd, Sobha Ltd Partly Paidup and Glenmark Pharmaceuticals Ltd are among the other losers in the BSE's 'A' group today, 07 November 2024.Adani Energy Solutions Ltd crashed 9.52% to Rs 972.9 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.84 lakh shares were traded on the counter so far as against the average daily volumes of 1.5 lakh shares in the past one month.Hindalco Industries Ltd tumbled 8.45% to Rs 648.4. The stock was the second biggest loser in 'A' group.On the BSE, 6.42 lakh shares were traded on the counter so far as against the average daily volumes of 1.78 lakh shares in the past one month.Trent Ltd lost 8.02% to Rs 6395.45. The stock was the third biggest loser in 'A' group.On the BSE, 1.25 lakh shares were traded on the counter so far as against the average daily volumes of 29526 shares in the past one month.Sobha Ltd Partly Paidup shed 6.84% to Rs 745. The stock was the fourth biggest loser in 'A' group.On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 82 shares in the past one month.Glenmark Pharmaceuticals Ltd plummeted 6.50% to Rs 1653.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 32770 shares were traded on the counter so far as against the average daily volumes of 10549 shares in the past one month.Powered by Capital Market - Live

Net profit of Adani Energy Solutions rose 144.66% to Rs 674.96 crore in the quarter ended September 2024 as against Rs 275.88 crore during the previous quarter ended September 2023. Sales rose 68.32% to Rs 6183.70 crore in the quarter ended September 2024 as against Rs 3673.87 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales6183.703673.87 68 OPM %27.7436.75 - PBDT1078.30801.92 34 PBT594.23369.87 61 NP674.96275.88 145 Powered by Capital Market - Live

Adani Energy Solutions will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Adani Energy Solutions Ltd is up for a third straight session in a row. The stock is quoting at Rs 1044.9, up 1.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25955.35. The Sensex is at 84969.64, up 0.05%. Adani Energy Solutions Ltd has dropped around 0.8% in last one month. Meanwhile, Nifty Energy index of which Adani Energy Solutions Ltd is a constituent, has dropped around 0.14% in last one month and is currently quoting at 43370.5, up 0.83% on the day. The volume in the stock stood at 26.39 lakh shares today, compared to the daily average of 21.43 lakh shares in last one month.The PE of the stock is 332.3 based on TTM earnings ending June 24.Powered by Capital Market - Live