Adani Energy Solutions acquires KPS III HVDC to boost Khavda RE evacuation

Adani Energy Solutions Ltd (AESL) has signed a deal to acquire a 100% stake in KPS III HVDC Transmission Ltd from PFC Consulting, according to an official statement. The Adani Group company, however, did not disclose the deal value.

The acquisition aligns with AESL’s strategy to enhance shareholder value through organic and inorganic opportunities, the company said in a regulatory filing on Friday.

KPS III HVDC Transmission is involved in a project designed to facilitate the evacuation of 2.5 gigawatt (GW) of renewable energy under Phase V of the Khavda scheme, which has been planned to enable the evacuation of an additional 8 GW of renewable energy power from the Khavda renewable energy park.

AESL said it executed a share purchase agreement with PFC Consulting on December 12, 2025, to acquire 100% equity shares of KPS III HVDC Transmission Ltd.

“We would like to inform you that the Company has on December 12, 2025, at about 11.30 a.m. IST executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100% equity shares of KPS III HVDC Transmission Limited,” AESL said in the exchange filing.

The authorised and paid-up share capital of KPS III is ₹1 lakh, and the acquisition will be carried out at a face value of ₹10 per equity share.

KPS III HVDC Transmission Ltd was incorporated in India and registered with the Registrar of Companies, New Delhi, on January 18, 2024.

Last month, the Adani Group announced its strategic entry into the battery energy storage systems (BESS) sector, taking a decisive step toward redefining India’s energy landscape. In what is set to be one of the world’s largest single-location BESS projects, the billionaire Gautam Adani-led group unveiled a 1,126 megawatt (MW) / 3,530 megawatt-hour (MWh) installation at Khavda (Gujarat), home to the world’s largest renewable energy plant.

This large-scale initiative, involving the deployment of more than 700 BESS containers, will be the largest BESS installation in India and among the world’s largest single-location BESS deployments. The project is scheduled to be commissioned by March 2026, the release noted.

According to the company, this strategic initiative is a major step toward enhancing India’s energy security, enabling round-the-clock clean electricity, and supporting the country’s transition to a low-carbon future.

The Adani Group has set an ambitious roadmap to scale its energy storage footprint. The firm plans to deploy an additional 15 GWh of BESS capacity by March 2027, with a long-term target of 50 GWh over the next five years.

Ahead of the announcement, shares of Adani Energy Solutions ended 1.23% higher at ₹1,011.75 per share, with a market capitalisation of ₹1.21 lakh crore.