Adani Energy Solutions Plans Massive ₹18,000 Crore Capex for FY26 | Business Expansion

Capex Overview and Strategic Plans

Adani Energy Solutions has unveiled an ambitious capital expenditure plan of ₹16,000-18,000 crore for FY26, marking a significant 40% increase from FY25. This strategic investment aims to commission seven transmission projects during the current fiscal year, demonstrating the company’s commitment to expanding its energy infrastructure footprint.

Smart Metering Business Expansion

The company has set an ambitious target of installing 70 lakh smart meters during the current fiscal year. This expansion builds on their successful implementation in FY25, where they achieved installation of 32 lakh meters. The daily installation rate has significantly improved from 2,000 meters in the first quarter of the previous year to an impressive 27,000 meters per day in April 2025.

Financial Position and Order Book

Adani Energy Solutions maintains a robust financial position with ₹8,500 crore in cash and cash equivalents, while managing a net external debt of approximately ₹32,000 crore. The company’s order book stands impressively at ₹60,000 crore, providing clear visibility for project execution over the next 4-5 years.

Business Growth and Future Outlook

The company’s growth trajectory is evidenced by its doubled capex from ₹5,600 crore in FY24 to ₹11,444 crore in FY25. This exponential growth pattern is expected to continue with the planned FY26 investments, positioning Adani Energy Solutions as a key player in India’s energy infrastructure development.

Implementation Strategy and Timeline

The implementation strategy focuses on systematic expansion across three key business segments: transmission, smart meters, and distribution. The company has successfully addressed public resistance issues in smart meter installations and is seeing increased traction in implementation across various geographies.