Adani Energy Solutions Expands Renewable Transmission Portfolio Through KPS III HVDC Acquisition

Adani Energy Solutions Ltd (AESL) has signed an agreement to acquire a 100% stake in KPS III HVDC Transmission Ltd from PFC Consulting Ltd, strengthening its role in India’s renewable energy transmission infrastructure. While the transaction value was not disclosed, the acquisition aligns with AESL’s strategy to enhance shareholder value through both organic and inorganic growth opportunities.

According to a regulatory filing, AESL executed a Share Purchase Agreement (SPA) with PFC Consulting on December 12, 2025, for the acquisition of the entire equity shareholding of KPS III HVDC Transmission Ltd. The authorised and paid-up share capital of KPS III stands at ₹1 lakh, and the acquisition will be carried out at a face value of ₹10 per equity share.

KPS III HVDC Transmission Ltd, incorporated on January 18, 2024, is involved in a key transmission project under Phase V of the Khavda renewable energy scheme. The project is designed to facilitate the evacuation of 2.5 GW of renewable energy, forming part of a broader plan to enable the evacuation of an additional 8 GW of renewable power from the Khavda Renewable Energy Park in Gujarat.

The acquisition complements Adani Group’s expanding clean-energy ecosystem at Khavda. In November, the group announced its strategic entry into the battery energy storage systems (BESS) segment, unveiling plans for a 1,126 MW / 3,530 MWh BESS project at the site—set to be among the largest single-location installations globally. The project, involving over 700 BESS containers, is scheduled for commissioning by March 2026.

According to the company, these initiatives are aimed at strengthening India’s energy security, enabling round-the-clock clean power supply, and supporting the country’s transition to a low-carbon energy future.