Press Release

August 26, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai – 400051. Scrip Code: 539254 Scrip Code: ADANIENSOL Dear Sir, Sub: Submission of Media Release. With reference to the captioned subject, please find enclosed the Media Release on the subject, “AESL Wins Rs 4,700 crore transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power” as Annexure A. You are requested to take the same on your records. Yours faithfully, For Adani Energy Solutions Limited Jaladhi Shukla Company Secretary Encl – as above. Adani Energy Solutions Ltd Tel +91 79 2555 7555 Adani Corporate House Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, info@adani.com S. G. Highway, Khodiyar, www.adanienergysolutions.com Ahmedabad 382 421 Gujarat, India CIN: L40300GJ2013PLC077803 Registered Office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421 Media Release AESL Wins Rs 4,700 crore transmission project in Maharashtra for evacuation of 4,500 MW of Renewable & Storage Power Editor’s Synopsis • Project to facilitate evacuation of up to 4.5 GW of pumped storage potential in Maharashtra and strengthen the inter-regional transmission corridor between Western and Southern grids • Adds 562 ckm of transmission lines and 9,000 MVA of transformation capacity to AESL's transmission portfolio • AESL’s transmission orderbook now stands at ~Rs 85,000 Cr Ahmedabad, 26 August 2026: Adani Energy Solutions Ltd. (AESL), India's largest private transmission and distribution company and part of the globally diversified Adani portfolio, today won a key transmission project for evacuation of renewable energy generated in Karnataka to major load centres in Maharashtra. The project, which entails an estimated capital expenditure of ~Rs 4,700 crore, will also support the growing pumped storage ecosystem in the Satara, Pune and Mumbai Metropolitan Region (MMR). The project, called "Network Expansion Scheme in Western Region to Cater to Pumped Storage Potential near Satara (up to 4500 MW) - Part A", was won through the Tariff Based Competitive Bidding (TBCB) process, where AESL emerged as the lowest bidder. Housed under Special Purpose Vehicle (SPV) Satara Power Transmission Ltd., the project will be delivered to the nation within 36 months. It will add 562 circuit kilometres (ckm) of transmission lines and 9,000 MVA of transformation capacity to AESL’s portfolio, taking its cumulative transmission network to 29,739 ckm and 1,43,425 MVA transformation capacity. "Pumped storage projects are emerging as a critical enabler of India's clean energy transition by providing the flexibility and reliability required to integrate large-scale renewable energy into the grid. The Satara transmission project will create a vital transmission backbone to supports both renewable energy evacuation and energy storage deployment, strengthening power flows between Southern and Western India. AESL remains committed to building future-ready transmission infrastructure that enables renewable energy growth, enhances grid stability and supports India's long-term decarbonisation goals," Mr. Kandarp Patel, CEO, Adani Energy Solutions Ltd. The project includes establishment of a 765/400 kV substation at Satara, Kolhapur-Satara 765 kV double-circuit transmission line, and augmentation of the Kolhapur pooling station along with associated transmission infrastructure. As India advances toward its target of installing 500 GW of non-fossil energy capacity by 2030, transmission infrastructure serves as the indispensable backbone. AESL continues to lead the sector by building specialized transmission schemes that connect resource-rich green pockets—such as solar, wind, and pumped storage—with major industrial and urban load centers across India. About Adani Energy Solutions Ltd (AESL) AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is the country’s largest private transmission company with a cumulative transmission network of 29,739 ckm and 1,43,425 MVA transformation capacity. In its retail electricity distribution business, as on AESL serves approximately 13 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. AESL is ramping up its smart metering business and is on course to become India’s leading smart metering integrator. AESL, with its integrated offering through the expansion of its distribution network through parallel licenses and competitive and tailored retail solutions, including a significant share of green power, is revolutionizing the way energy is delivered to the end consumer. AESL is a catalyst for transforming the energy landscape in the most reliable, affordable, and sustainable way. For more information, please visit www.adanienergysolutions.com For media queries, please contact: Roy Paul: roy.paul@adani.com