This diversified EV and renewable energy player has announced scoring significant order win from Paschim Gujarat Vij Company Limited (PGVCL). In this article, we will discuss the information surrounding these orders.
Price Movement
With a market capitalization of Rs 1,413 crore, the shares of Advait Energy Transitions Ltd made a 52-week high of Rs 2,260 per share, down by 42 percent from its current market price of Rs 1,303 per share. The stock has given a negative return of 29 percent over the last six months.
As of Q4 FY25, ace investor Ashish Kacholia holds 2,88,185 shares in Advait Energy Transitions Ltd, representing a 2.67 percent stake in the company. The stock has given a negative return of 29 percent over the last six months.
About the announcement
On Tuesday, Advait Energy Transitions Limited bagged key orders from Paschim Gujarat Vij Company Limited (PGVCL) as part of its System Improvement Scheme. The firm was the L1 (Lowest Bidder) for two important projects on upgrading the 11 KV power supply infrastructure in Gujarat.
The scope of work encompasses the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductors and associated accessories in the following areas:
- Bhavnagar Circle – Advait Energy will establish a more robust and reliable 11 KV feeder system, with the project likely to be completed within 12 months.
- Amreli Circle – A concurrent project will be undertaken in the Amreli area to improve the reliability and consistency of the 11 KV power distribution system, also to be completed within 12 months.
Also read: Infra stock jumps 6% after receiving ₹569 Cr order from Indian railways for EPC project
Financial Highlights
The company reported a revenue of Rs 98.45 crore in Q3 FY25, up by 35 percent, from its Q3 FY24 revenue of Rs 72.71 crore. It posted a net profit of Rs 9.79 crore in Q3 FY25, up by 27 percent, from its Q3 FY24 net profit of Rs 7.69 crores, and up by 142 percent from its Q2 FY25 net profit of Rs 4.03 crores.
About the Company
Advait Energy Transmissions Limited provides integrated products and solutions for the power transmission, substation, and telecommunication infrastructure industries in India and global markets. Its expertise lies in the production and supply of various types of equipment such as stringing equipment, OPGW cable, aluminum-clad steel wire, insulators, and emergency restoration systems.
It also offers high-end earthing solutions, including a range of copper and galvanized steel products. Outside infrastructure. The group is also venturing into clean energy with a range of products, including hydrogen electrolysers, green fuel cell systems, battery energy storage systems, and solar EPC services. Further, it offers consultancy services in carbon management, IREC trading, and decarbonization strategies to assist clients in their journey toward sustainability.
Written by Satyajeet Mukherjee
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