Adani Energy acquires smart metering player IntelliSmart for ₹3,050 crore
Adani Energy Solutions pursued an acquisition in an infrastructure development with October 30 in focus.
· BS Companies
Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space.
Key facts
- Dates in focus
- October 30
The analysis
Adani Energy Solutions reported ₹3,050 crore and Rs 3,050, with movement of 100% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.1% on the day at ₹1,434.80, and has returned -10.3% over three months. It sits 18% below its 52-week high. The power sector has moved -8.1% over the same period, so Adani Energy Solutions is running 2.2 points behind its peers.
For Adani Energy Solutions, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- With CCI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Adani Energy Solutions (ADANIENSOL), in Power.
- Over three months: Adani Energy Solutions -10.3% against Power -8.1% (2.2 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Adani Energy SolutionsADANIENSOL · Power | ₹1,434.80 | +0.1% | +12.0% | -10.3% | -17.6% | 0.6× | — |
Power
1M +1.5% · 3M -8.1%
Adani Energy Solutions
Infrastructure
1M +3.6% · 3M -7.1%
Capital Goods & Engineering
1M -5.3% · 3M -7.7%
Capital Markets
1M +7.9% · 3M +4.2%
Prices as of 13 Nov 2026, 13:14 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Meet Omni Bridgeway, the litigation funder eyeing up to a $260 million windfall from Tata Power arbitration award
Bright Outdoor Media moves to BSE, NSE main boards, eyes expansion
Tata Power says Singapore shares pledged with banks, safe from immediate seizure
Power index rises 1%: Siemens Energy, GE Vernova rally up to 5%; here's why
Godrej Capital raises ₹2,500 crore from Temasek at ₹28,000 crore valuation