Shares of Advait Energy Transitions climbed 2.95% to trade at ₹1,680.00 as of 9:16 AM on December 6, after the company announced it had secured a significant order from NRSS XXXI (B) Transmission Ltd. The order is for the supply and installation of 24F OPGW (Optical Ground Wire) on a turnkey basis for the 400 kV Kurukshetra-Malerkotla Transmission Line.
Key Details of the Order:
- Awarding Entity: NRSS XXXI (B) Transmission Ltd.
- Scope of Work: Supply and installation of 24F OPGW for the 400 kV transmission line.
- Project Duration: 7 months.
- Nature of Contract: Domestic.
- Significance: This marks another milestone for Advait Energy in enhancing its foothold in the transmission infrastructure sector.
The company’s stock has performed remarkably well this year, gaining over 165% year-to-date and a staggering 200% over the past year. The contract, which involves critical infrastructure work, further bolsters the company’s growth trajectory.
This new order reflects Advait Energy’s capabilities in handling large-scale transmission projects and reinforces its position as a key player in the energy infrastructure sector. The financial impact of this project, though not disclosed, is expected to positively influence the company’s revenue for FY25.
