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Adani Energy gets letter of intent from PFC Consulting for Gujarat's Khavda Phase-VThe project involves setting up a 2,500 MW HVDC (High Voltage Direct Current) system between KPS III and South Olpad, spanning around 1,200 circuit kilometres. Shares of Adani Energy Solutions Ltd ended at ₹1,027.05, up by ₹5.35, or 0.52%, on the BSE.By Jomy Jos Pullokaran   November 18, 2025, 9:55:55 PM IST (Published)2 Min ReadAdani Energy Solutions Ltd (AESL) on Tuesday (November 18) said it has received a Letter of Intent (LOI) from PFC Consulting Ltd for the establishment of the "Transmission System for Evacuation of Power from a potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C."

The Letter of Intent has been issued under the Tariff-Based Competitive Bidding Process (TBCB) and remains subject to customary conditions and execution of binding agreements.

The project involves setting up a 2,500 MW HVDC (High Voltage Direct Current) system between KPS III and South Olpad, spanning around 1,200 circuit kilometres. With this addition, AESL’s total transmission network will rise to 27,905 ckm and its transformation capacity to 97,236 MVA.

Also Read: Envestcom trims stake in Adani Energy Solutions, sells shares worth ₹1,737 crore

The transmission system is intended to support the evacuation of 2.5 GW of renewable energy as part of the broader Phase-V scheme, planned to enable the evacuation of an additional 8 GW of renewable power from the Khavda RE park in Gujarat.

Second Quarter Results

Adani Energy Solutions reported a 21% year-on-year (YoY) decline in consolidated net profit to ₹534 crore for the quarter ended September 2025, compared with ₹675 crore in the same period last year. Revenue from operations rose 6.7% YoY to ₹6,595 crore from ₹6,183 crore a year earlier, according to the company’s exchange filing.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 28.1% to ₹2,289.4 crore versus ₹1,786.8 crore a year ago, while EBITDA margins improved to 34.7% from 28.9% in the corresponding quarter last year.

Shares of Adani Energy Solutions Ltd ended at ₹1,027.05, up by ₹5.35, or 0.52%, on the BSE.

Also Read: Jyoti Structures wins supply order worth ₹389 crore from Adani Energy Solutions

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