Advait Energy Transitions Secures Rs 64.2 Crore Turnkey Contract from PGVCL
Advait Energy Transitions Limited has secured a significant turnkey contract worth Rs 64,20,11,699.00 from PASCHIM GUJARAT VIJ COMPANY LTD (PGVCL). The agreement covers the complete conversion of an existing electrical network to underground cable infrastructure at Mandvi-city Subdivision of Bhuj Circle.The company received the order on July 9, 2026. This domestic contract encompasses all aspects required for the transition, including site survey, designing, engineering, procurement, supply, installation, testing, and commissioning.
The scope of work involves converting the existing 11 kV HT Line and LT Line Network, along with Consumer Service Lines, into an Underground Cable Network featuring a Ring Main System. The project also includes GIS Mapping / Geo Urja Mapping (developed by GUVNL) and Asset Tagging under SI Scheme, designated as Package-43.
Key details of the contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | PASCHIM GUJARAT VIJ COMPANY LTD (PGVCL) |
| Nature of Contract | Turnkey contract for Site Survey, Designing, Engineering, Procurement, Supply, Installation, Testing, and Commissioning. |
| Total Consideration | Rs 64,20,11,699.00 incl taxes. |
| Execution Period | 18 Months |
| Status of Transaction | The contract is domestic and does not involve the promoter/promoter group having any interest in PGVCL. |
The turnkey nature of the contract covers all necessary items and materials for the conversion work, positioning Advait Energy Transitions as a key contractor in this infrastructure development project under the PGVCL mandate.
ADVAIT Stock Price Movement
Shares of Advait Energy Transitions Limited are edging higher to ₹2252.2 as of 1:41 PM today, rallying by 2.72% in active live trading. The equity has seen strong buying interest, reflecting a move up of ₹59.60 on a volume of 46,928 shares.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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