ADANIENSOL / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Adani Energy Solutions · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

82%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mohit Kumar · IC Securities

partial

Smart meter order book activation outlook for next 12-18 months

few states where bidding is yet to happen... Tamil Nadu... Karnataka, Telangana... we expect significant action in smart metering bidding in next couple of quarters

Mohit Kumar · IC Securities

direct

Transmission bidding outlook for next 12 months

project approved by NCT and various state STU... crosses one lakh crore... bidding for at least 70-80,000 crore will happen in next 12 months

Mohit Kumar · IC Securities

direct

Revised commissioning date for Mumbai HVDC line

all work is completed... testing and commissioning is going on... expect to get commissioned in another 30 to 45 days

Punit Kulati · HSBC

direct

Cost and execution status of KPS3 HVDC and Badla-Fatipur projects

project cost about close to 19,000 crore... all contracts awarded... construction at Badla site has already begun... land acquisition challenges for Fatipur expected to complete in 1 month

Punit Kulati · HSBC

direct

Revised timelines for four projects due this calendar year

Jamnagar and Navinal both will get complete in last quarter of this year. Kava 4A will be one element in Q2, another in Q3. Pune 3 also will be in the last quarter of next financial year.

Punit Kulati · HSBC

partial

Smart meter execution pace and policy support

we are installing about 25,000 meters a day... our team has been able to do a fabulous work on the ground

Gor of Nigum · Tunga Investments

evasive

Impact of Chinese policy relaxation on transmission equipment sourcing

if that happens it will increase our options for equipment sourcing... even if it is not done we are not affected... we have strategic relationship with all major OEM

Gor of Nigum · Tunga Investments

partial

Structural reasons for lower transmission tendering and execution delays

challenges in execution... relating to equipment supply or manpower... additional challenge of prolonged rain... we have set up our own training facility... we expect significant progress this quarter

Sumit Kishor · Access Capital

direct

Phasing of capitalization of ₹78,000 crore works in hand

Mumbai HVDC and NKTL will complete in next 2 months... additional capitalization of close to 4,800 odd crores... balance 10,000 coming up by end of next financial year

Sumit Kishor · Access Capital

direct

Capex phasing for HVDC projects and annual transmission capex

for next five years it would be in the range of about 18 to 20,000 crore... given the project pipeline currently it will be about 18 to 20,000

Shua (on behalf of Manish Somaya) · Cantor

direct

Use of surplus cash, leverage ceiling, and equity fundraising

AML distribution business... will continue to delever that company... consolidated debt profile... in range of around four to four and a half times... we do not envisage any further equity borrowing

Shua (on behalf of Manish Somaya) · Cantor

partial

Margin structure and growth for CNI and district cooling businesses

CNI business... margins would be significantly high of the order of 75 plus paisa per unit... no capex to do