Adani Energy Plans ₹43 Billion Fundraiser, Announces Key Board Appointments

Adani Energy Solutions Ltd. said Monday its board approved raising ₹43 billion through a qualified institutional placement.

The company plans capital expenditure of ₹160 billion–₹180 billion for 2025-26, with ₹40 billion earmarked for smart meters requiring around 50% partial funding. It also aims to invest ₹120 billion–₹130 billion in transmission lines, typically financed through borrowings covering 70-75% of the project cost.

Adani Energy Solutions holds cash and cash equivalents of ₹85 billion and net external debt of ₹320 billion, according to its filing.
Additionally, the company announced three key management personnel appointments to its board for three years, effective May 31.

Kandarp Patel was appointed CEO and whole-time director, while Hemant Nerukar, Amiya Chandra, and Chandra Iyengar joined as additional non-executive independent directors.