Udaipur Kiran | Market Update. Shares of Adani Energy Solutions edged higher on Wednesday after the company announced that it has secured a Letter of Intent (LoI) from PFC Consulting for a major renewable energy transmission project in Gujarat’s Khavda region.
The stock was trading at ₹1,030.75, up ₹3.70 or 0.36%, compared to its previous close of ₹1,027.05 on the BSE. The scrip opened at ₹1,028.10 and touched an intraday high of ₹1,044.15 and a low of ₹1,024.40. Over 20,934 shares have been traded so far.
A BSE Group ‘A’ stock with a face value of ₹10, Adani Energy Solutions recently hit a 52-week high of ₹1,050.00 on 14 November 2025, while the 52-week low stands at ₹588.25 (27 November 2024). In the past week, the stock has moved between ₹1,050.00 and ₹997.80. The company’s current market cap is ₹1,23,852.24 crore.
Shareholding pattern:
Promoters: 71.19%
Institutions: 23.01%
Non-Institutions: 5.79%
Details of the LoI
The company has received an LoI from PFC Consulting for the “Transmission System for Evacuation of Power from the Potential Renewable Energy Zone in Khavda, Gujarat under Phase-V (8GW): Part C.”
The project was awarded through the Tariff Based Competitive Bidding (TBCB) route and remains subject to standard conditions and execution of binding agreements.
Project Scope
Establishment of a 2,500 MW HVDC (High Voltage Direct Current) system
Transmission stretch: KPS III to South Olpad (approx. 1,200 ckm)
With this project, Adani Energy Solutions’ total transmission network will expand to 27,905 ckm and 97,236 MVA of transformation capacity
The project is aimed at evacuating 2.5 GW of renewable energy under Phase-V, which is part of a larger plan to integrate an additional 8 GW from the Khavda Renewable Energy Park—one of the largest upcoming RE zones in India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
