This Ashish Kacholia portfolio stock engaged in providing solutions across power transmission, telecommunication, renewable energy, and energy storage, focusing on sustainable and innovative technologies, jumped 7 percent after receiving a contract from Power Grid Corporation of India for the supply and installation of an optical ground wire (OPGW) package.
Stock Price Movement:
With a market capitalization of Rs. 1,276.68 crores, the share of Advait Energy Transitions Limited has reached an intraday high of Rs. 1,248 per equity share, rising nearly 7.05 percent from its previous day’s close price of Rs. 1,165.85. Since then, the stock has retreated and is currently trading at Rs. 1,182.05 per equity share.
What is the news?
Advait Energy Transitions Limited (formerly Advait Infratech Limited) has become the L1 bidder for the OPGW-04 package contract from Power Grid Corporation of India. The contract involves the supply and installation of optical ground wire (OPGW) and communication equipment for various transmission lines across India.
Shareholding pattern:
Ace investor Ashish Kacholia holds a 2.67 percent stake in Advait Energy Transitions Limited, valued at Rs. 34.8 crores, consisting of 2,88,185 shares.
Market Presence
Advait Infratech works worldwide, providing products to top EPC companies and utilities in different industries. The company has boosted its production capacity through joint ventures that specialize in making OPGW and OFC cables, strengthening its market position.
Product and service Offerings:
The company offers a wide range of products, including power transmission equipment, telecommunication infrastructure, renewable energy solutions like hydrogen storage, and energy storage systems. Their services include power transmission installations, renewable energy equipment manufacturing, telecom services, and sustainability consulting, providing comprehensive solutions for various sectors.
Recent quarter results:
Advait Energy Transitions Limited’s revenue has increased from Rs. 73 crore in Q3 FY24 to Rs. 94 crore in Q3 FY25, which has grown by 28.77 percent. The net profit has also grown by 25 percent from Rs. 8 crore in Q3 FY24 to Rs. 10 crore in Q3 FY25.
Written By – Nikhil Naik
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