Adani Energy Solutions crosses 1 crore smart meters; network at 27,949 ckm in FY26

Adani Energy Solutions Ltd (AESL) on Friday (April 10) reported operational progress across its transmission, distribution and smart metering businesses in Q4 FY26, including the commissioning of its second high-voltage direct current (HVDC) project and surpassing 1 crore cumulative smart meter installations.

The company commissioned the Mumbai HVDC Project during the quarter, which strengthens the city’s transmission capacity by 1,000 MW and supports rising peak demand while improving grid reliability and climate action initiatives.

Adani Energy Solutions also secured a new project for the network expansion scheme for power delivery at the South Kalamb substation, taking the total transmission network to 27,949 circuit kilometres. Average system availability remained at 99.77% during the quarter.

Also Read: Adani Energy Solutions Q3: Profit slips; revenue up 15%, smart meters near 1 crore by FY26-end

In the distribution business, Adani Electricity Mumbai Ltd (AEML) recorded a distribution loss of 4.20% in Q4 FY26 compared with 4.31% in the same quarter last year. Supply reliability stood at 99.997%. System reliability metrics, including SAIDI (System Average Interruption Duration Index) and SAIFI (System Average Interruption Frequency Index), improved, while Customer Average Interruption Duration Index (CAIDI) recorded a marginal increase.

Units sold in the Mumbai distribution circle rose 4% to 2,508 million units from 2,413 million units a year earlier. Collection efficiency stood at 101.70%. At MPSEZ Utilities Ltd (MUL) in Mundra, units sold increased 46% year-on-year to 368 million units from 253 million units, driven by industrial demand.

In the smart metering business, Adani Energy Solutions crossed its guidance of installing 1 crore cumulative smart meters during the quarter. The company said its order book stands at 2.46 crore meters with revenue potential of ₹29,519 crore. The untapped national market opportunity is estimated at 103 million smart meters.

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For the full financial year FY26, the company’s transmission network increased to 27,949 circuit kilometres from 26,696 circuit kilometres in FY25. Power transformation capacity rose to 1,23,175 MVA from 90,236 MVA. Average system availability stood at 99.70% in FY26 compared with 99.68% in the previous year.

In the Mumbai distribution business, supply reliability improved to 99.998% from 99.996%. Transmission availability rose to 99.47% from 99.31%. Peak demand during the year stood at 2,171 MW compared with 2,300 MW in FY25.

System reliability indicators also improved, with SAIFI declining to 0.42 from 0.67 and SAIDI reducing to 12.91 minutes from 21.27 minutes, while CAIDI stood at 30.82 minutes compared with 31.58 minutes a year earlier.

Consumer complaints declined to 3,99,049 in FY26 from 5,68,037 in FY25. The consumer base increased to 3.27 million from 3.18 million. Collection efficiency was 100.54% compared with 101.03% a year earlier. Distribution losses improved to 4.21% from 4.77%. The share of e-payments in total collections increased to 85.50% from 83.34%.

Also Read: Adani Energy keeps the grid humming: collections at 102%, transmission uptime near 100%

Electricity units sold by Adani Electricity Mumbai were largely stable at 10,584 million units in FY26 compared with 10,558 million units in FY25. Units sold by MUL rose to 1,375 million units from 948 million units in the previous year.

Shares of Adani Energy Solutions Ltd ended at ₹1,158.05, up by ₹78.75, or 7.30%, on the BSE.