 "Electricity, power, discoms")
As Mumbai’s real estate and electric vehicle penetration grows, two of the city’s private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers.
Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions’ Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company’s presentation shows. This gain came at over 13 per cent growth in the year-ago period. Rating agency Fitch attributed this growth to strong commercial and industrial demand.
Tata Power, the other private power distributor in
