Adani Energy Plans Rs 160-180 Bn Capex for FY26 Growth

30 Apr 2025 CW Team

Adani Energy Solutions Ltd (AESL) plans a capital expenditure of Rs 160-180 billion for FY26, focusing on transmission, smart meters, and distribution, according to Chief Executive Officer Kandarp Patel. The company will allocate Rs 120-130 billion for transmission, Rs 40 billion for smart meters, and Rs 16 billion for distribution.

AESL had incurred a capex of Rs 114.44 billion in FY25. The company鈥檚 transmission pipeline remains strong, with Rs 540 billion worth of inter-state transmission system (ISTS) projects in the bid-out stage. AESL expects states to increase transmission investments to absorb renewable power from ISTS projects.

In FY25, AESL secured a 28 per cent market share in transmission bidding, winning seven projects worth Rs 440 billion. In FY26, the company aims to deliver seven projects, including the Mumbai HVDC project, with a total capex of Rs 150 billion.

In distribution, AESL plans to bid for Uttar Pradesh鈥檚 discom privatisation and explore opportunities in Navi Mumbai. Under smart meters, it holds an order book of 22.8 million meters, with potential revenue exceeding Rs 271.95 billion. AESL targets installing 700,000 smart meters in FY26, aiming for a total installed base of 10 million units.

Source: Press Trust of India

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..