Advait Energy Transitions Limited has secured a significant order worth ₹245 crore from Paschim Gujarat Vij Company Limited (PGVCL), leading to a notable surge in its stock price. The company's shares jumped 2.78% during intraday trading, reaching a high of ₹1,477.60 per equity share before settling at ₹1,422.10 at market close.

Order Details and Project Scope

Advait Energy Transitions Limited has been confirmed as the L1 (lowest) bidder under the RDSS scheme from PGVCL. The comprehensive project involves the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductors across five strategic locations in Gujarat.

These projects are designed to strengthen power distribution infrastructure under the RDSS scheme, with the company awaiting formal Letter of Intent or Award confirmation.

Strong Order Book Performance

Advait Energy Transitions Limited has demonstrated exceptional growth in its order book, which stood at ₹1,070 crore as of September 30, 2025. The order book composition reflects a well-diversified business model:

• Power Transmission Solutions (PTS) division: 76% contribution
• New and Renewable Energy (NRE) division: 24% contribution

The order book has shown remarkable expansion over recent quarters:

Over the longer term, the order book has grown from ₹70.90 crore in FY22 to ₹503.80 crore in FY25, achieving a robust CAGR of approximately 92%.

Financial Performance Highlights

The company has delivered impressive financial results in Q2 FY26, demonstrating strong operational efficiency:

Over the past five years, Advait Energy Transitions Limited has maintained consistent growth with revenue and net profit growing at CAGRs of 54.72% and 100%, respectively.

Key Financial Ratios and Market Position

The company's financial health is reflected in its strong return ratios and market positioning:

Business Overview and Shareholding

Established in 2009 and headquartered in Ahmedabad, Advait Energy Transitions Limited specializes in power transmission, substation infrastructure, and telecommunication solutions. The company's operations include manufacturing stringing tools, ACS wires, OPGW operations, and emergency restoration systems, while providing turnkey telecom projects and live-line installations.

As of December 2025, the shareholding pattern shows promoters holding 66.81%, domestic institutional investors at 0.57%, and public shareholders at 32.63%. Notable investor Ashish Kacholia holds a 2.10% stake valued at ₹32 crore, consisting of 2,25,000 shares.

Advaity Energy Transitions Limited has secured a major infrastructure contract worth ₹245.33 crores from Paschim Gujarat Vij Company Limited (PGVCL) under the Revamped Distribution Sector Scheme (RDSS). The company received confirmation on January 8, 2026, that it has been selected as the L1 stage successful bidder for the supply, installation, testing and commissioning of 11 KV medium voltage covered conductor (MVCC) systems.

Project Scope and Coverage

The comprehensive project spans across five key districts in Gujarat, representing a significant expansion of the state's power distribution infrastructure. The MVCC installation will enhance the reliability and efficiency of medium voltage power distribution networks in these regions.

Contract Value Breakdown

The total contract value of ₹245.33 crores is distributed across five distinct geographical areas:

The Morbi district represents the largest component of the project, accounting for approximately 22.5% of the total contract value, while Surendranagar constitutes the smallest segment at about 15.4% of the total value.

RDSS Scheme Significance

The project falls under the Revamped Distribution Sector Scheme, a government initiative aimed at improving power distribution infrastructure across India. The implementation of 11 KV medium voltage covered conductor technology will enhance power supply reliability and reduce transmission losses in the covered areas.

Regulatory Compliance

Advaity Energy Transitions has informed the stock exchanges about this development in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has indicated that detailed information required under Regulation 30 of SEBI (LODR) Regulations will be provided through a separate announcement once the Letter of Intent or Award is formally received from PGVCL.

Next Steps

The company is now awaiting the formal Letter of Intent or Award from PGVCL to proceed with the project implementation. Upon receipt of the formal award, Advaity Energy Transitions will provide comprehensive project details as mandated by regulatory requirements, including timelines and execution strategies for the multi-district infrastructure development initiative.