Adani Energy Solutions: Powering India's Future with Robust Growth
Adani Energy Solutions Ltd, a key player in India's energy market, is poised for substantial growth. Valued at USD 18.5 billion, the company is expected to achieve a 29% CAGR in pre-tax profits over the next three years. The firm's diverse portfolio includes transmission, distribution, and smart metering assets.
- Country:
- India
Adani Energy Solutions Ltd, the power transmission utility of the Adani group, has been valued at USD 18.5 billion at the enterprise level, and strong business growth is projected to propel a 29% compounded growth in its pre-tax profits over the next three years, according to a recent report.
AESL boasts a diversified portfolio encompassing transmission and distribution assets, along with a smart metering business. Global brokerage Cantor Fitzgerald has initiated coverage of AESL, highlighting it as an attractive opportunity in India's rapidly expanding energy market.
The report forecasts AESL's total revenue to grow at a CAGR of 20% from FY24 to FY27, with adjusted EBITDA expected to grow at a CAGR of 28.8%. This rapid growth significantly outpaces its peers in the US, Europe, and Asia, positioning AESL as a standout in the sector.
(With inputs from agencies.)
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