Latest news with #TBCB
Mint
11 hours ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator.
India Gazette
13 hours ago
- Business
- India Gazette
Adani Energy Solutions secures Rs 1,660 crore transmission project in Maharashtra to boost green power evacuation
Ahmedabad (Gujarat) [India], May 30 (ANI): Adani Energy Solutions Ltd (AESL) announced on Friday that it has won a significant Rs 1,660 crore inter-state transmission project in Maharashtra. The project aims to facilitate green energy evacuation from the Raigad region. AESL is a private-sector transmission and distribution company and part of the Adani Group. The project, awarded under the Tariff-Based Competitive Bidding (TBCB) mechanism and coordinated by REC Power Development and Consultancy Ltd (RECPDCL), will be implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd, which has now been formally transferred to AESL, the company said in a release. The transmission project involves creating 3,000 megavolt-amperes (MVA) of substation capacity and associated infrastructure. It is expected to be commissioned by January 2028, it said. Once completed, the project will support the evacuation of 1.5 GW of green power from upcoming hydro Pumped Storage Projects (PSPs) in the region, catering to the growing electricity demand in Mumbai and adjoining areas. This latest contract win takes AESL's overall transmission network to 26,696 circuit kilometers (ckm) and transformation capacity to 93,236 MVA. More notably, it boosts the company's transmission order book to approximately Rs 61,600 crore. 'The development underlines AESL's growing role in India's energy transition, as it continues to expand its footprint in sustainable infrastructure while contributing to the country's renewable energy goals,' the AESL release added. (ANI)
Mint
14 hours ago
- Business
- Mint
Adani Energy Solutions bags ₹1,600-crore transmission project, order book swells to ₹61,600 crore
Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth ₹ 1,600 crore. With this, its transmission order book now stands at ₹ 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
NDTV
15 hours ago
- Business
- NDTV
Adani Energy Solutions Bags Rs 1,600-Crore Transmission Project In Maharashtra
New Delhi: Adani Energy Solutions Ltd (AESL) on Friday said it has secured an inter state transmission project in Maharashtra worth Rs 1,600 crore. With this, its transmission order book now stands at Rs 61,600 crore, the company said in a statement. The scope of the latest secured project includes establishment of 3,000 Mega Volt-Amperes (MVA) of substations capacity, besides other related transmission infrastructure, taking AESL's overall transmission network to 26,696 ckm and 93,236 MVA of transformation capacity. AESL is scheduled to commission the project by January 2028. The company said it has won this Inter State Transmission System (ISTS) project under the Tariff Based Competitive Bidding (TBCB) mechanism, while REC Power Development and Consultancy Ltd (RECPDCL) was the bid process coordinator. AESL, part of the Adani portfolio, is a multi-dimensional organisation with a presence in various facets of the energy domain, like power transmission, distribution, smart metering, and cooling solutions.
Business Upturn
16 hours ago
- Business
- Business Upturn
Adani Energy secures Rs 1,660 crore transmission project in Maharashtra, order book reaches Rs 61,600 crore
Adani Energy Solutions Ltd (AESL), part of the Adani Group and India's largest private sector transmission and distribution company, has secured a new inter-state transmission project in Maharashtra valued at ₹1,660 crore. The project will involve the development of 3,000 Mega Volt-Amperes (MVA) of substation capacity and associated transmission infrastructure. Once completed, this will expand AESL's total transmission network to 26,696 circuit kilometers (ckm) and its transformation capacity to 93,236 MVA. The project is being implemented through a Special Purpose Vehicle (SPV) named WRNES Talegaon Power Transmission Ltd. It aims to support the evacuation of 1.5 gigawatts (GW) of renewable energy from upcoming hydro pumped storage projects in the region. The electricity will serve growing demand from Mumbai and its surrounding areas. The project was awarded through the Tariff Based Competitive Bidding (TBCB) process. REC Power Development and Consultancy Ltd (RECPDCL) acted as the bid process coordinator. The SPV was formally transferred to AESL on the announcement day. AESL is scheduled to commission the project by January 2028. With this addition, the company's transmission order book has reached approximately ₹61,600 crore. In the meantime, Adani Energy shares ended the trading session today at ₹867.80, down from the opening price of ₹881.05. During the day, the stock touched a high of ₹889.45 and a low of ₹862.00. Despite recent volatility, the stock remains well above its 52-week low of ₹588.00 but significantly below its 52-week high of ₹1,348.00. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
