<ul data-eligibleForWebStory="false"><li>Jefferies maintains a 'buy' stance on Adani Energy Solutions Ltd. with a target price of Rs 1,150.</li><li>The company is projected to have double-digit medium-term growth with significant transmission projects and steady distribution growth in Mumbai. Smart meters commissioning is identified as a key growth driver.</li><li>Adani Energy Solutions is expected to see 34% Ebitda CAGR and 57% EPS CAGR in FY25-27E, surpassing Power Grid Corp.'s growth rates.</li><li>Despite certain risks, the company's valuation presents upside potential with significant Ebitda delivery, transmission expansion plans, and smart meter installations.</li></ul>

Adani Energy Has Jefferies Bullish As Double-Digit Growth Seen In Medium Term

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