One of the Ashish Kacholia portfolio stocks specializes in offering products and solutions for power transmission, power substations, and telecommunication infrastructure sectors. The stock has signed an MOU for establishing a 2000 MTPA green Hydrogen Plant in Haryana
Stock Price Movement
In Wednesday’s trading session, Advait Infratech Limited’s share jumped to an intraday high of 4.95 percent from the previous close of Rs. 1,562.65. The stock opened at Rs. 1,600 and closed at Rs. 1,575.20, with a high of Rs. 1,640 and a low of Rs. 1,505.10. The market capitalization now stands at approximately Rs. 1,701.31 crore.
What Happened
Advait Energy Transitions Limited (formerly Advait Infratech Limited) signed a Memorandum of Understanding (MOU) with Haryana City Gas Distribution (Bhiwadi) Limited on January 22, 2025.
The collaboration aims to establish a 2000 MTPA Green Hydrogen Plant, supply 15MW alkaline-based electrolysers, and provide comprehensive operation and maintenance (O&M) services for one year after commissioning.
Additionally, the agreement includes consultancy services for green hydrogen applications in industrial and commercial sectors and exploring feasibility studies for green hydrogen, green ammonia, and carbon credits. This partnership underscores a commitment to advancing clean energy and promoting sustainable, innovative solutions for a greener future.
Product Portfolio
The company delivers a diverse product portfolio, encompassing power transmission products such as stringing tools and optical fiber cables. It also offers comprehensive telecommunication solutions, including turnkey project execution.
In recent developments, the company has ventured into green energy, emphasizing electrolyzers and hydrogen technologies through its subsidiaries, showcasing its commitment to sustainable innovation.
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Market Presence
Advait Infratech operates on a global scale, supplying products to leading EPC companies and utilities across various sectors. The company has strengthened its production capabilities through joint ventures focused on manufacturing OPGW and OFC cables, enhancing its position in the market.
Recent quarter results
Advait Infratech Limited’s revenue has slightly decreased from Rs. 47.98 crore in Q2 FY24 to Rs. 47.59 crore in Q2 FY25, marking a decline of 0.81%. However, the company’s net profit has increased by 12.05%, growing from Rs. 4.98 crore in Q2 FY24 to Rs. 5.58 crore in Q2 FY25.
Shareholding pattern
In December 2024, Advait Infratech Limited had a majority stake held by the promoters at 69.46 percent and the public at 30.55 percent. In the public holding, Ace investor Ashish Kacholia has held a stake of 2.67 percent in the company.
Written By – Nikhil Naik
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