New Delhi, June 7 -- Adani Group's power plays are entering a multi-year growth phase as India's transmission and baseload power demand tailwinds. Jefferies' management meet notes for Adani Energy Solutions Ltd and Adani Power Ltd, dated June 5, 2026, highlight robust bid pipelines, locked-in PPAs, and improving financial metrics that support double-digit medium-term growth.

Adani Energy Solutions, India's only listed private pure-play on transmission and distribution, is executing transmission projects worth Rs 718 billion, up 20% YoY, against a near-term bid pipeline of Rs 1.5 trillion vs Rs 540 billion at end-FY25. Jefferies expects AESL to deliver 27% EBITDA CAGR and 19% PAT CAGR over FY26-30E, growing 2x+ faster than Power Grid's 13...