Adani Energy Solutions And Adani Power Set For Over 20 Per Cent Growth

15 Jun 2026 CW Team

Jefferies has assessed that Adani Energy Solutions and Adani Power are entering a multi-year growth phase driven by rising transmission demand, expansion of smart metering and increasing baseload power needs. The brokerage projected that both companies would deliver over 20 per cent growth and outlined a 23 per cent EBITDA compound annual growth rate for Adani Power over FY26–30, while forecasting a trajectory that should see the power business generating stronger cash flows as capacity increases.

Adani Energy Solutions, described as India’s only listed private pure-play transmission and distribution company, is executing transmission projects worth Rs 718 billion (bn), representing a 20 per cent year-on-year increase, and holds a near-term bid pipeline of Rs 1.5 trillion (tn), up from Rs 540 bn at the end of FY25. Jefferies expected the company to deliver a 27 per cent EBITDA CAGR and a 19 per cent profit after tax CAGR over FY26–30.

The analysis noted rapid progress on smart metering, with Adani Energy Solutions installing 11.4 million (mn) meters by end-FY26, exceeding a target of seven million (mn) meters, and executing smart meter projects worth Rs 295 bn that cover around 24.6 million (mn) meters. With a government target of 250 million (mn) meters, the company is positioned to pursue opportunities across Karnataka, Tamil Nadu, Telangana, Madhya Pradesh, Gujarat and Andhra Pradesh.

Jefferies highlighted that balance sheet metrics remained supportive, with net debt-to-equity at one point eight times as of March 2026, and an expectation that the transmission gross block would expand two point six times by FY30 while the smart meter block would rise to Rs 305 bn from Rs 64 bn without breaching leverage thresholds. Adani Power aims to expand generation capacity two point three times to 42 gigawatt (GW) by FY32, with 56 per cent of the upcoming 23.7 GW tied under long-term power purchase agreements, providing clearer earnings visibility through FY30.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..