Advait Energy Secures Turnkey Contract from PGVCL Valued at ₹58 Crore
Advait Energy Transitions Ltd has secured a significant turnkey contract, valued at ₹58,25,31,158.00 (inclusive of taxes), from Paschim Gujarat Vij Company Ltd (PGVCL). The agreement pertains to the conversion and modernization of existing electrical infrastructure in the Bhavnagar Circle region.The order, which was awarded on July 9, 2026, involves a comprehensive project scope for the conversion of aging electrical lines into modern underground cable networks at Adhewada (Akwada) Subdivision under PGVCL. The contract is domestic in nature and carries out to a duration of 18 months.
The scope of work encompasses all aspects of a turnkey process, including site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning, and documentation of all required items and materials. This project also includes GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under the SI Scheme (Package-18).
The key details pertaining to the awarded contract are summarized below:
| Aspect | Detail |
|---|---|
| Client Entity | PASCHIM GUJARAT VIJ COMPANYLTD (PGVCL) |
| Contract Nature | Turnkey Contract for Conversion of Existing 11 kV HT & LT Line Network to Underground Cable Network |
| Project Location | Adhewada (Akwada) Subdivision, Bhavnagar Circle |
| Total Consideration | ₹58,25,31,158.00 incl taxes |
| Contract Duration | 18 Months |
| Client Type | Domestic Entity |
The company stated that it holds no interest in the awarding entity and confirmed that the contract would not fall under related party transactions.
ADVAIT Stock Price Movement
Shares of Advait Energy Transitions Limited are rallying as of 1:55 PM today, trading at ₹2244.4 following a solid gain of 2.36%. The stock shows strong investor conviction, with 64,337 shares traded during the session and remaining well within its intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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