Advait Energy Transitions has secured a major contract from Maharashtra State Electricity Transmission Company (MSETCL) for the supply and implementation of an emergency restoration system. The order, valued at ₹19.99 crore, marks a significant business achievement for the company in the power transmission infrastructure sector. The company has filed the necessary regulatory disclosure under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Order Details

The contract specifications highlight the strategic importance of this project for Maharashtra's power infrastructure:

Technical Specifications

The emergency restoration system comprises specific tower configurations designed for Maharashtra's power transmission network:

Project Significance

The emergency restoration system represents a critical component of Maharashtra's power transmission infrastructure. Such systems are designed to ensure rapid restoration of power supply during outages or emergencies, enhancing the reliability and resilience of the state's electrical grid. The project will serve various EHV PCC O&M zones of MSETCL.

Regulatory Compliance

Advait Energy Transitions has fulfilled its regulatory obligations by filing the order intimation with BSE Limited and National Stock Exchange of India Limited. The company trades under scrip code 543230 on BSE and symbol ADVAIT on NSE. The disclosure confirms this is a domestic contract with no related party transactions involved.

Business Impact

This substantial order from MSETCL demonstrates Advait Energy Transitions' capabilities in the power transmission sector. The six-month completion timeline indicates the project's priority status and the company's commitment to timely delivery of critical infrastructure solutions for Maharashtra's power grid modernization.

Advait Energy Transitions has witnessed a notable investment from Vijay Kedia's Kedia Securities Private Limited, which acquired a 1.14% stake in the company during Q3.

Investment Details

The acquisition by Kedia Securities Private represents a strategic move by the investment firm into the energy transitions sector. The 1.14% stake acquisition occurred during the third quarter, though specific transaction details and financial implications remain undisclosed.

About the Investment

Vijay Kedia's investment vehicle, Kedia Securities Private Limited, has made this strategic investment in the energy transitions space through this stake acquisition in the company.