Adani Energy Solutions Hints at Capex Surge Towards ₹18,000 Crore.

Adani Energy Solutions Ltd (AESL) has signaled a substantial increase in its capital expenditure (capex) for the current fiscal year. The company is projecting an outlay in the range of ₹16,000 crore to ₹18,000 crore, a notable surge compared to the ₹11,444 crore spent in the previous fiscal year. This significant ramp-up in investment indicates AESL's aggressive growth strategy and its commitment to expanding its infrastructure in the energy sector. The increased capex is likely to be directed towards ongoing and new projects in power transmission, smart metering, and distribution to meet the growing energy demands and support the company's expansion plans.