Adani Energy Solutions Limited — Others, 05-12-2024: Rumour Verification - Regulation 30(11)

Adani Energy Solutions Ltd has received a letter of intent from REC Power Development and Consultancy Limited for a major HVDC transmission project in Rajasthan, aimed at evacuating 20 GW of power from renewable energy sources. This contract, contingent upon the company's acceptance within 10 days, reflects strategic growth in the renewable sector. The company clarified that this development is standard for its business and does not require additional disclosures under SEBI regulations. This positive move could enhance investor sentiment, showcasing Adani's reinforcing position in the renewable energy landscape while highlighting its proactive business approach.