During Tuesday’s trading session, the shares of a company offering comprehensive supply and installation-EPC solutions for green hydrogen projects jumped around 6 percent on BSE, after the company announced securing an order from Adani Group.
Price Movement
With a market capitalisation of Rs. 1,210.8 crores, at 12:10 p.m., the shares of Advait Energy Transitions Limited were trading in the green at Rs. 1,121, up by nearly 4.2 percent, as against its previous closing price of Rs. 1,075.55. The stock has delivered negative returns of over 12 percent in one year, while about 0.4 percent of positive returns in one month.
What’s the News
According to the latest regulatory filings with the BSE, Advait Energy Transitions Limited has secured an order from Adani Green Energy Six Limited. The project is scheduled for completion within approximately 3.5 months.
The scope of work includes turnkey execution of Solar EPC solutions, covering activities such as civil works for pile foundation, stub installation, electrical works, erection of module mounting structures, installation of solar modules, robotic cleaning system structures, and civil works for the IDT station (Fixed Tilt System) for a 100 MWac capacity at the Khavda Hybrid Renewable Power Project in Khavda, Kutch, Gujarat.
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Previous Orders
1st March: Advait Energy received an order from Parbati Koldam Transmission Company Limited for the supply and servicing of an Emergency Restoration System (ERS) for 2 x 400 kV S/C Parbati – Koldam Transmission Line and 400 kV D/C Koldam – Ludhiana Transmission Line.
25th March: The company secured bid confirmation as the L1 bidder for PACKAGE OPGW-04, involving the supply and installation of OPGW and communication equipment for various transmission lines across India under bulk implementation. This contract was awarded by Power Grid Corporation of India Limited.
Financials
Advait Energy reported a significant growth in the revenue from operations, experiencing a rise of nearly 35.4 percent YoY, increasing from Rs. 72.7 crores in Q3 FY24 to Rs. 98.4 crores in Q3 FY25. Similarly, during the same period, the company’s net profit increased from Rs. 7.7 crores to Rs. 9.8 crores, representing a rise of around 27.3 percent YoY.
About the Company
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, is engaged in offering comprehensive supply and installation-EPC solutions for green hydrogen projects, covering engineering, procurement, and commissioning phases. The company also provides EPC solutions for transformers, rectifiers, PLC SCADA systems, HMI, and LT panels, facilitating the smooth operation of hydrogen production facilities.
Written by Shivani Singh
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