Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an

electric power transmission Electric power transmission is the bulk movement of electrical energy from a generating site, such as a power plant, to an electrical substation. The interconnected lines that facilitate this movement form a ''transmission network''. This is ...

and

distribution Distribution may refer to: Mathematics *Distribution (mathematics), generalized functions used to formulate solutions of partial differential equations *Probability distribution, the probability of a particular value or value range of a varia ...

company headquartered in

Ahmedabad Ahmedabad ( ), also spelled Amdavad (), is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 ...

. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

History

Adani Transmission was founded by

Gautam Adani Gautam Shantilal Adani () (born 24 June 1962) is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India. As of May 2025, Adani is ...

in December 2015 after separating the decade-old transmission business from

Adani Enterprises Adani Enterprises Limited (AEL) is an Indian multinational publicly listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsi ...

. At the time of the founding, the company became the primary custodian for more than 3800 circuit kilometers of transmission lines originating from the Mundra Thermal Power Station, connecting

Mundra Mundra is a census town and a headquarter of Mundra Taluka of Kutch district, Kachchh district in the Indian States and territories of India, state of Gujarat. Founded in about the 1640s, the town was an important mercantile centre and port thr ...

– Dehgam,

–Mohindergarh and

Tirora Tirora (also spelled Tiroda) is a city and a municipal council in Gondia (Gondiya) district of Maharashtra, India. Adani Power Maharashtra Limited, Tirora is the largest coal based Thermal Power Plant in the state of Maharashtra, India. Th ...

– Warora. In July 2023, the company was renamed to Adani Energy Solutions to better reflect its suite of products and services.

Mergers and acquisitions

In 2015, ATL acquired three wholly owned subsidiaries of PFC Consulting, which itself is a subsidiary of

Power Finance Corporation Power Finance Corporation Ltd. (PFC) is an Indian public sector company engaged in infrastructure finance activities. Established in 1986, it provides financing for the Indian power sector and is under the administrative control of the Mini ...

– the

Chhattisgarh Chhattisgarh (; ) is a landlocked States and union territories of India, state in Central India. It is the List of states and union territories of India by area, ninth largest state by area, and with a population of roughly 30 million, the List ...

-WR transmission line, Sipat transmission line connecting with Sipat Thermal Power Station and

Raipur Raipur ( ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chh ...

Rajnandgaon Rajnandgaon is a city in Rajnandgaon District, in the state of Chhattisgarh, India. the population of the city was 163,122. Rajnandgaon district came into existence on 26January 1973, as a result of the division of Durg district. History Or ...

- Warora transmission line. In 2016, ATL further acquired the

GMR Group GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, and GMR Enterpri ...

's transmission assets in the state of

Rajasthan Rajasthan (; Literal translation, lit. 'Land of Kings') is a States and union territories of India, state in northwestern India. It covers or 10.4 per cent of India's total geographical area. It is the List of states and union territories of ...

— the Maru Transmission Services Ltd (MTSL) and Aaravalli Transmission Services Ltd (ATSL). In the same year, the company also acquired

Reliance Infrastructure Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. It is p ...

's transmission assets of the Western Region System Strengthening Scheme (WRSSS). In December 2017, the company obtained a share purchase agreement (SPA) for the acquisition of the Mumbai Generation Transmission & Distribution (GTD) business from Reliance Infrastructure. In March 2018, the shareholders of Reliance Infrastructure approved the sale of its power business for Rs. 18,800 crore to Adani Transmission Limited. This resulted in the founding of Adani Mumbai Electricity Limited, a 100% wholly owned subsidiary of ATL which currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. In February 2019, ATL acquired

KEC International KEC International Limited (Kamani Engineering Corporation) is an Indian multinational company and also India's second largest manufacturer of electric power transmission towers and one of the largest Power transmission, Engineering, Procurem ...

Bikaner Bikaner () is a city in the northwest of the States and territories of India, state of Rajasthan, India. It is located northwest of the state capital, Jaipur. It is the administrative headquarters of Bikaner District and Bikaner division. Fo ...

Sikar Sikar is a city and municipal council in the Sikar district of the state of Rajasthan in India. It is the administrative headquarters of the Sikar district. It is largest city of the Shekhawati region, which consists of Sikar, Churu and Jhu ...

transmission asset in

. In September of the same year, the company acquired PFC Consulting's

Khetri Khetri Nagar is a town in the Jhunjhunu district of Rajasthan in India. It is a part of the Shekhawati Shekhawati is a region in the northern part of the States and union territories of India, Indian state of Rajasthan, comprising the d ...

transmission project in Rajasthan. In July 2020, the company signed definitive agreements with Kalpataru Power Transmission (KPTL) for acquiring Alipurduar Transmission. adding 650 circuit kilometers in its network from the state of

Bihar Bihar ( ) is a states and union territories of India, state in Eastern India. It is the list of states and union territories of India by population, second largest state by population, the List of states and union territories of India by are ...

and

West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...

. In May 2024, the company announced its acquisition of Essar's Mahan-Sipat transmission assets for Rs. 1,900 crore through its wholly owned subsidiary Adani Transmission Step Two (ATST). This move will consolidate its presence in Central India with 4 operating assets of 3373 ckt km in the region

Allegations of stock manipulation

In January 2023,

Hindenburg Research Hindenburg Research LLC was a U.S. investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017. Named after the 1937 ''Hindenburg'' disaster, which they characterize as a human-made avoidable disaster, the ...

published the findings of a two-year investigation claiming that Adani had engaged in

market manipulation In economics and finance, market manipulation occurs when someone intentionally alters the supply or demand of a security to influence its price. This can involve spreading misleading information, executing misleading trades, or manipulating ...

and accounting malpractices; Hindenburg also disclosed that it was holding short positions on Adani Group companies. Bonds and shares of companies associated with Adani experienced a decline in value after the accusations. Adani denied the fraud allegations as unfounded and ill intentioned.

References

External links

* {{Nifty 200 companies Converter stations Electric power transmission infrastructure in India Companies based in Ahmedabad Electric power transmission system operators in India Adani Group Utilities of India 2015 establishments in Gujarat Indian companies established in 2015 Energy companies established in 2015 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange