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Energy stock jumps 4% after receiving ₹2,800 Cr green hydrogen project in Gujarat

Energy stock won a ₹2,800 Crores transmission project in Gujarat, enabling Green Hydrogen and Ammonia manufacturing while enhancing renewable energy infrastructure capacity.
Energy stock bags ₹2,800 Crores Gujarat project, boosting renewable energy infrastructure.

Introduction:

Energy stock has secured a ₹2,800 Crores transmission project in Gujarat for supporting Green Hydrogen and Ammonia manufacturing. The project includes upgrading the substation and constructing a 75 km long 765kV double-circuit transmission line, boosting future renewable energy infrastructure.

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Share Price movement of Adani Energy Solutions:

On March 21, 2025, Adani Energy Solutions Limited opened at ₹815.00, reaching a high of ₹846.95, up 4% from its previous close of ₹815.10, with a low of ₹811.85. The stock is currently trading at ₹836.65, with a market cap of ₹1,00,505.31 Crores.

Adani Energy Solutions got a new project:

Adani Energy Solutions Limited (AESL) has secured a ₹2,800 Crores transmission project in Gujarat to support Green Hydrogen and Ammonia manufacturing in Mundra. The project involves upgrading the Navinal substation and constructing a 75 km long 765kV double-circuit transmission line.

The project will add 150 cKM transmission lines and 3,000 MVA transformation capacity, enhancing AESL’s total infrastructure to 25,928 cKM and 87,186 MVA. This contract was awarded through Tariff Based Competitive Bidding (TBCB) with PFC Consulting Limited as the bid coordinator.

AESL completed the Share Purchase Agreement for 100% equity acquisition of Mundra I Transmission Limited. This marks AESL’s sixth order win this fiscal year, increasing its total order book to approximately ₹57,561 Crores, strengthening its position in the transmission sector.

Also Read: NBFC stock jumps 5% after Bain Capital to acquire 26% stake in the company for ₹4,385 Cr

Recent news About Adani Energy Solutions:

In January 2025, AESL secured its largest order to date—a ₹25,000 crore contract for the Bhadla-Fatehpur High Voltage Direct Current (HVDC) transmission project—marking a significant milestone in the company’s growth.

Stock performance of Adani Energy Solutions for Period of 1 week, 6 months and 1 year:

Adani Energy Solutions’ stock performance shows mixed trends across periods. Over the past week, it gained 4.07%, indicating short-term recovery. However, the stock declined by 19.1% in six months and further dropped 19.2% over one year, reflecting sustained weakness in longer investment horizons.

Also Read: Infra stock under ₹30 jumps 13% after its JV receives order worth ₹2,470 Cr from Tata Power

Shareholding pattern of Adani Energy Solutions:

All values in %Dec -24Sept -24Jun-24
Promoters69.9469.9474.94
FII17.3418.6615.53
DII5.855.383.97
Retail & others6.876.035.54

About Adani Energy Solutions:

Adani Energy Solutions Limited (NSE: ADANIENSOL) is a leading energy infrastructure company engaged in power transmission and distribution. It operates extensive transmission lines and substations across India, supporting renewable and conventional energy sectors while contributing significantly to the country’s green energy transition and development.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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