 "Adani Group announces key partnerships, project wins in energy sector")
Adani group’s energy-related entities — Adani Energy Solutions Limited (AESL) and Adani Total Gas Limited (ATGL) — unveiled a new partnership, a new order win and a joint venture (JV) completion, in separate announcements on Wednesday.
The group’s transmission entity AESL said it has entered into a smart meter JV with Esyasoft Holdings’s smart metering solutions arm.
Abu Dhabi’s International Holding Company (IHC) is a major shareholder in Esyasoft through its subsidiary Sirius International Holdings.
Adani Transmission Step-Four Limited, a wholly-owned subsidiary of AESL, will pick a 49 per cent stake in Esyasoft Holdings’ smart metering solutions arm. The JV will also bid for and execute Indian and global orders.
AESL, at present, has an order book of about 20 million smart meters from discoms across India.
Moreover, in a separate announcement, AESL said it also won a Rs 3,000-crore order for a transmission project in Gujarat.
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The project involves evacuation of a 7 gigawatt (GW) of renewable energy (RE) from Khavda RE Park in Gujarat to the National Grid.
AESL will build, own, operate and maintain the transmission project for a period of 35 years. It won the project through the tariff-based competitive bidding (TBCB) process. It will commission the project in the next 24 months on a build, own, operate and maintain (BOOM) basis.
The group’s city-gas distribution entity Adani Total Gas, also announced a memorandum of understanding (MoU) with e-commerce giant Flipkart.
As part of the MoU, Adani TotalEnergies E-Mobility Limited (ATEL), a wholly-owned subsidiary of ATGL, will deploy EV charging infrastructure at Flipkart’s pan Indian supply chain — including its warehouses and logistics locations.
ATGL also completed its 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested $300 million in AGEL's subsidiary, for acquiring 50 per cent stake in projects.
Deal day
- Adani Energy Solutions: Enters a JV with Esyasoft Holdings’s smart metering solutions arm
- Adani Energy Solutions: Wins an order worth Rs 3,000 crore for a transmission project in Gujarat
- Adani Total Gas: Completes 1,050 MW JV with TotalEnergies