Adani Energy Solutions Ltd., part of the Adani Group, said on 21 January it had won a big order worth ₹25,000 crore for the Bhadla-Fatehpur High Voltage Direct Current (HVDC) power project. This news came out through a filing with the Bombay Stock Exchange (BSE).
“This key project links Bhadla in Rajasthan to Fatehpur in Uttar Pradesh and will help with India’s green energy goals,” the firm said.
Helping India’s green energy plans
Kandarp Patel, the CEO of Adani Energy Solutions, spoke about the project’s role in cutting carbon. “By moving clean energy from far-off and tough areas to the grid, AESL helps India go green. We aim to use top tech and eco-friendly ways to finish this project on time,” he noted.
Adani’s third HVDC plan
This project is the third HVDC venture for Adani Energy Solutions after they finished the Mundra-Mahendragarh project. HVDC techn makes sending power over long distances easy, which is great for clean energy.
Adani Energy share update
On 21 January, shares of Adani Energy Solutions dipped a bit, closing at ₹813.35, down from ₹815.65 earlier. The news came out in the afternoon trading time.
Over the last year, the firm’s stock has seen big swings, hitting a high of ₹1,347.90 on 8 August 2024 and a low of ₹588.25 on 27 November 2024. As of 21 January 2025, the market value of Adani Energy Solutions is ₹97,706.32 crore.
Stock performance summary
This year, shares of Adani Energy have grown a small 1.06%, but over the last year, they have dropped by about 23%. Still, the firm keeps its sights on big projects like the Bhadla-Fatehpur HVDC system to boost its role in clean energy.
