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With the latest win, its order book now stands at Rs 54,761 crore, the Adani firm said in an exchange filing.
Updated : Jan 21, 2025, 04:36 PM IST
 "BIG win for Gautam Adani, his company gets new project worth Rs 25000 crore, it is largest...")
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India's second richest man, Gautam Adani, continues to grow his business empire. Now, one of his companies, Adani Energy Solutions Ltd (AESL), has secured a project worth Rs 25,000 crore. The Adani firm, whose market cap is Rs 96112 crore, announced that it has bagged the Bhadla-Fatehpur HVDC project worth Rs 25,000 crore, which is the largest transmission order ever won by the Adani Group entity.
With the latest win, its order book now stands at Rs 54,761 crore, AESL said in an exchange filing. The project will evacuate 6 GW of renewable energy from Rajasthan to demand centres in the north. "AESL has won the prestigious Rs 25,000 crore Bhadla (Rajasthan)- Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order," the filing said.
The company said it is the largest order win till date, taking AESL's under-execution order book to Rs 54,761 crore and transmission network to 25,778 ckm and 84,186 MVA transformation capacity. The company aims to deliver the project in 4.5 years.
AESL won the project under Tariff Based Competitive Bidding (TBCB) mechanism and REC Power Development & Consultancy Ltd (RECPDCL) was the bid process coordinator. The project SPV got formally transferred to AESL on January 20, 2025.
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The project includes the establishment of a 6,000-MW HVDC system between Bhadla and Fatehpur (2,400 ckm) along with 7,500 MVA transmission capacity. The project will help evacuate 6 GW renewable energy from various REZs in Rajasthan beyond Bhadla-III to demand centres of north India and to the national grid.
AESL is the only player in the private sector to own an HVDC asset, which is preferred for long-distance power transmission. The Bhadla-Fatehpur project is AESL's third HVDC project after the delivered Mundra–Mahendragarh Project and the under-implementation Aarey-Kudus Project (being executed by subsidiary AEML).
(With inputs from PTI)
