We estimate EBITDA to grow at 32% CAGR between FY24-FY27E: 1) + INR ~30bn from new transmission bids, 2) +INR ~40bn from smart meter, and 3) + INR ~5bn from distribution areas
What is covered in the Full Insight:
Investment argument
Adani Energy – spreading its wings
Transmission
Distribution
Smart Meters
SUMMARY
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