Adani Energy reports higher order book, smart meter growth in Q3 FY26

Adani Energy Solutions Limited (AESL) has released its provisional operational update for the third quarter of fiscal year 2026 (Q3 FY26), reporting a sharp expansion in its transmission order book, stable network performance, and steady progress in its smart metering business.

During the quarter, AESL secured the KPS III Khwada South Olpad High Voltage Direct Current (HVDC) project, taking its total transmission order book to Rs 77,787 crore. The company’s operational transmission network expanded to 27,901 circuit kilometres (ckm). AESL also completed the full commissioning of the North Karanpura Transmission Line (NKTL), adding 299 ckm, while system availability remained high at 99.69%.

In the distribution segment, Adani Electricity Mumbai Limited (AEML) reported improved operational metrics. Distribution losses for year to date (YTD) FY26 declined to 4.22% from 4.91% in YTD FY25, while supply reliability, measured as Average System Availability Index (ASAI), stood at 99.998%. In Mundra, Mundra Udyog Limited (MUL) recorded a 57% year on year increase in units sold, supported by higher industrial demand.

The smart metering business installed 18.88 lakh meters during Q3 FY26, taking cumulative installations to 92.5 lakh. AESL said it remains on track to exceed its guidance of one crore cumulative installations by the end of FY26. The total smart meter order book stands at 2.46 crore units, with a revenue potential of Rs 29,519 crore.

The update also highlighted several recognitions. AESL reported an improvement in its Corporate Sustainability Assessment (CSA) score from S and P Global. The company received awards for its Rajnandgaon substation and smart metering initiatives, and disclosed a consolidated Environmental, Social, and Governance (ESG) rating of 71 from NSE Sustainability Ratings and Analytics Limited for FY2025.