Advait Energy Transitions Ltd has emerged as the L1, or lowest bidder, for a 150 MW / 300 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking a significant step in its energy storage expansion strategy.
The company received bid confirmation for the L1 stage under the tender for setting up 335 MW / 670 MWh standalone battery energy storage systems in Gujarat. The project has been awarded through tariff-based competitive bidding with Viability Gap Funding support from the Power System Development Fund (PSDF) Phase-VIII.
The tender has been floated by Gujarat Urja Vikas Nigam Limited (GUVNL), and the bid confirmation was received on February 11, 2026.
The company stated that disclosures required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circular dated January 30, 2026, will be made separately upon receipt of the formal Letter of Intent or Letter of Award.
The L1 status places Advait Energy Transitions in a strong position in the rapidly expanding battery energy storage segment, which is critical for renewable integration and grid stability. Final allocation of the project will be subject to issuance of the Letter of Intent or Award.
