Advait Energy Transitions has been awarded a significant contract valued at ₹53,83,92,519.78 for the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) in Bhavnagar district. The project, under Paschim Gujarat Vij Company Ltd. (PGVCL), is part of the Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-8).
The contract, awarded by a domestic entity, involves comprehensive work in the Bhavnagar Circle of PGVCL. The project is expected to be executed within a nine-month timeframe, ensuring timely delivery and implementation of the distribution sector scheme.
This domestic contract does not involve any interest from the promoter group or related party transactions, indicating a straightforward business agreement. The order aligns with Advait Energy Transitions‘ strategic focus on expanding its footprint in the energy infrastructure sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).