Ahmedabad, India – January 28, 2025: Adani Energy Solutions Limited (NSE: ADANIENSOL, BSE: 539254) has submitted its Integrated Filing (Financials) for Q3 FY2024-25, along with a Statement of Deviation or Variation in the Utilization of Funds Raised through Qualified Institutional Placement (QIP). The company confirmed no deviations in fund utilization, aligning with its pre-defined capital expenditure and debt repayment plans.
Key Highlights – Q3 FY2024-25
- Funds Raised via QIP: ₹8,373.10 crore (August 2, 2024).
- Funds Utilized as of December 31, 2024: ₹6,524.59 crore, across capital expenditure, innovative meter installations, debt repayment, and corporate expenses.
- No Defaults on Loans or Debt Securities.
- No Modifications or Deviations in Fund Utilization.
- Monitoring Agency: CARE Ratings Limited.
Fund Utilization Breakdown (₹ Crores)
| Purpose | Allocated | Utilized | Deviation |
|---|---|---|---|
| Transmission System Capital Expenditure | 2,060.00 | 1,425.01 | Nil |
| Smart Meter Installation CapEx | 1,800.00 | 604.95 | Nil |
| Debt Repayment/Prepayment | 2,420.00 | 2,420.00 | Nil |
| General Corporate Purposes | 2,030.60 | 2,030.60 | Nil |
| Issue Expenses | 62.50 | 44.02 | Nil |
| Total | 8,373.10 | 6,524.59 | Nil |
Strategic Growth & Financial Stability
- Debt Reduction Focus: Successfully repaid ₹2,420 crore in borrowings, improving leverage and financial stability.
- Smart Infrastructure Expansion: Invested ₹604.95 crore in smart meter installation, supporting India's energy digitization.
- Transmission Network Growth: ₹1,425.01 crore deployed in transmission infrastructure, boosting energy distribution capabilities.
Corporate Governance & Market Confidence
- No deviations or variations in fund usage, reinforcing Adani Energy Solutions' commitment to financial transparency and governance.
- Strong project execution track record with timely deployment of capital into critical infrastructure.