Adani Energy Solutions Secures 60 MW Renewable Energy Order from Textile Firm RSWM

Adani Energy Solutions Limited has secured a significant order to supply 60 MW of renewable energy to RSWM Limited, a textile manufacturing company based in Bhilwara. This agreement, set to last for 25 years, will see RSWM Limited invest ₹60 crore under the Group Captive Scheme. Through this investment, RSWM will receive 31.53 crore units of electricity annually for its manufacturing facilities located across Rajasthan. The order will be executed by Adani Energy Solutions' dedicated commercial and industrial (C&I) arm, which caters to bulk electricity users. This move is part of Adani Energy Solutions' strategic plan to expand its C&I portfolio by 7,000 MW over the next five years. Kandarp Patel, CEO of Adani Energy Solutions, expressed pride in helping industries decarbonise through their offerings. The company also reported its Q2 FY26 results, showing a 6.7% revenue growth to ₹6,596 crore from ₹6,184 crore in Q2 FY25. However, its Profit After Tax (PAT) saw a decline of 28%, falling to ₹557 crore in Q2 FY26 from ₹773 crore in the corresponding quarter of the previous fiscal year.

Impact: This news positively impacts Adani Energy Solutions by securing a long-term revenue stream and expanding its renewable energy portfolio in the commercial and industrial sector. It aligns with the company's growth strategy. However, the reported decline in profit despite revenue growth in Q2 FY26 warrants investor attention. Overall market impact is moderate as it pertains to a specific company's contract win and financial performance. Rating: 7

Difficult Terms: Renewable Energy: Energy derived from natural sources that are replenished at a higher rate than they are consumed, such as solar, wind, and hydropower. RSWM Limited: A textile manufacturing company based in Bhilwara, India. Group Captive Scheme: A model where a group of consumers jointly sets up a power plant to meet their electricity needs, often for captive consumption, allowing them to benefit from renewable energy targets and potentially lower costs. Genco: A power generation company. MW (Megawatt): A unit of power equal to one million watts, used to measure electricity generation capacity. PAT (Profit After Tax): The profit remaining after all taxes have been deducted.