Adani Energy Solutions Limited (AESL) has recently won two new transmission projects worth Rs 28,455 crore related to renewable energy parks in Rajasthan. One of the major projects is the Rs 25,000 crore Bhadla-Fatehpur High Voltage Direct Current (HVDC) project. This development is important for the Adani Group, as it increases the company’s total order book to Rs 54,700 crore.
Information about the projects
These new The transmission projects aim to strengthen India’s energy infrastructure and effectively transmit power generated from renewable energy sources. The Bhadla-Fatehpur HVDC project is particularly important as it will use high-efficiency power transmission technology, thereby reducing energy losses and increasing efficiency.
Market dominance
Adani Energy Solutions is already one of India’s largest power transmission and distribution companies. With these new projects, the company aims to further strengthen its dominance in the sector. Experts believe that through these projects, Adani Energy Solutions will not only get financial benefits, but will also prepare the company for long-term growth.
Returns can be up to 62 percent< /strong>
Global brokerage firm Jefferies has maintained ‘buy’ rating on Adani Energy Solutions and expects an upside of up to 62 per cent in the stock from a 12-month perspective. According to Jefferies, the risk-to-rewards ratio for the company is favorable, with upside to downside ratio of 6.58:1.
Adani Energy Solutions will invest in transmission projects worth over Rs 274 billion in the coming years. Is planning to commercialize. Additionally, the company has estimated 16% revenue and 31% EBITDA compound annual growth rate (CAGR) from FY24 to FY27.
Disclaimer: (The information provided here is for informational purposes only. It is important to note that investing in the market is subject to market risks. Always seek expert advice from ABPLive.com before investing any money. Never advised.)
Also read: 10, 20, 30, 40, whatever be your salary, you can become a millionaire by investing just 2 thousand per month.
Source link
