Adani Energy Solutions Jumps 5% On PM-DHARA Plan; Shares Up 40% In 6 Months
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Adani Energy Solutions shares rose nearly 5% after the ₹1.86 lakh crore PM-DHARA scheme was approved, taking the stock's six-month rise to around 40%.
Adani Energy Solutions shares jumped nearly 5% in early trade on Thursday, outperforming other Adani Group stocks as power stocks gained after the Centre approved the ₹1.86 lakh crore PM-DHARA scheme.
Adani Energy Solutions later pared some of the early move. At 12:58 pm IST, the stock was at ₹1,336.70, up 1.68%. The stock has gained around 40% in six months.
Why Are Adani Energy Solutions Shares Rising?
The latest move comes amid a broader rally in power stocks following the PM-DHARA approval. The scheme is aimed at strengthening intra-state power transmission and supporting the evacuation of up to 135 gigawatts (GW) of renewable energy. It also provides for 50 GWh of battery energy storage systems (BESS). The government said the scheme will strengthen intra-state transmission networks and improve the evacuation of renewable power across states and Union Territories.
The plan also includes battery storage at renewable energy developer or generator ends, aimed at dealing with issues such as renewable power intermittency, transmission congestion and peak-hour curtailment. The additional storage capacity is also intended to help meet electricity demand during non-solar hours.
For Adani Energy Solutions, the policy announcement comes against the backdrop of its transmission and smart-metering operations.
What Is Driving The Stock's Longer-Term Move?
Adani Energy Solutions Ltd.'s share price has climbed nearly 62% over the past year. The stock touched a 52-week high of ₹1,789 on 27 July 2026, while its 52-week low stood at ₹804.70 on 23 January 2026.
The longer-term rally is attributed to the company's FY26 performance, including a 32% rise in net profit, record earnings before interest, taxes, depreciation, and amortisation (EBITDA), steady transmission income and the rollout of smart meters.
Adani Energy Solutions became the first company in India to install one crore smart meters, according to sources.
What Was The Recent SEBI Update?
A separate development involving the company came from the Securities and Exchange Board of India (SEBI). Adani Energy Solutions received a settlement order from SEBI on 28 September covering proceedings related to alleged violations of public-shareholding requirements. The company said the proceedings were settled without admission or denial of the findings of fact and conclusions of law.
The order covered alleged violations of Rule 19A of the Securities Contracts (Regulation) Rules, 1957, along with provisions of the erstwhile Listing Agreement and SEBI Listing Regulations.
The stock's Thursday move therefore comes alongside two separate developments: fresh policy support for power transmission and storage and the company's recent regulatory settlement.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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