Adani Energy Solutions Management Guidance Tracker
8 forward-looking guidance items tracked across 2 quarters.
Growth
Seven transmission projects to be capitalized, including Mumbai HVDC (₹10,000 cr in 2 months), Kava Phase 3/Halwat/WRSR (₹4,800 cr in 3-5 months), and three more (₹10,000 cr by FY27-end).
Q3 FY26Smart meter installations to cross 1 crore by FY26-endActiveCurrent cumulative 92 lakh; expect to cross 1 crore by end of current financial year.
Q4 FY26Smart meter installations of 1 crore in FY27TrackedUp from 83 lakh in FY26; confident based on current ramp-up.
Q4 FY26EBITDA to triple in 36-40 monthsTrackedBased on locked-in transmission tariffs and capitalization of ₹77,000 cr under-construction pipeline.
Capex
Annual capex in transmission, including HVDC and non-HVDC, expected in this range.
Q4 FY26FY27 capex of ₹21,000-22,000 croreTrackedTransmission ₹15,500 cr, distribution ₹2,350 cr, smart metering ₹3,900 cr.
Q4 FY26FY28 capex of ~₹23,000 croreTrackedTransmission ₹20,000 cr, distribution ₹2,000 cr, smart metering ₹1,500 cr (based on current order book).