Advait Energy Transitions Limited has announced the acquisition of a significant contract valued at ₹55,14,40,227.34 from Paschim Gujarat Vij Company Ltd (PGVCL). The contract involves the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with its accessories in the Morbi District of Gujarat.
The contract was awarded under the Revamped Reforms-Based and Results-Linked, Distribution Sector Scheme (Package-7). This project is domestic in nature and is expected to be completed within a nine-month timeframe. The contract’s value includes all applicable taxes.
The order was awarded by a domestic entity, PGVCL, and does not involve any related party transactions, nor does it include any interests from the promoter or promoter group of Advait Energy Transitions Limited.
This development marks a significant milestone for Advait Energy Transitions Limited, reinforcing its position in the energy infrastructure sector, particularly in the domain of medium voltage covered conductors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).