Advait Secures Rs 75 Crore Contract from PGVCL for Underground Cable Network Conversion

<h1>Advait Secures Rs 75 Crore Contract from PGVCL for Underground Cable Network Conversion</h1>

<p>Advait Energy Transitions Ltd has secured a major turnkey contract valued at Rs 75,56,30,411.00 to convert existing Low Tension (LT) line networks into underground cable infrastructure for Paschim Gujarat Vij Company Limited (PGVCL).</p><p>The order was awarded on July 9, 2026. The contract involves comprehensive services for the conversion project at Udyognagar Subdivision (part-1) of Porbandar Circle under PGVCL. The agreement encompasses all aspects of a turnkey solution, including site survey, designing, engineering, and procurement.</p<p>As part of the scope, the work requires extensive execution related to GIS Mapping / Geo Urja Mapping, which is developed by GUVNL, along with Asset Tagging under SI Scheme (Package-61).</p<p>The turnkey contract mandates the complete conversion of existing LT line networks and associated Consumer Service Lines into an Underground Cable Network equipped with a Ring Main System. The services covered by Advait include site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning, and all necessary documentation.</p<p>The contract is classified as a domestic turnkey engagement for the company. It is estimated to be executed within an 18-month period.</p<p>Key details regarding the awarded contract are summarized below:</p>

<table>
<thead>
<tr>
<th>Particulars</th>
<th>Details</th>
</tr>
</thead>
<tbody>
<tr>
<td>Awarding Entity</td>
<td>PASCHIM GUJARAT VIJ COMPANYLTD (PGVCL)</td>
</tr>
<tr>
<td>Contract Nature</td>
<td>Turnkey contract for Conversion of Existing LT Line Network to Underground Cable Network with Ring Main System at Udyognagar Subdivision, Porbandar Circle.</td>
</tr>
<tr>
<td>Contract Value</td>
<td>Rs 75,56,30,411.00 (including taxes)</td>
</tr>
<tr>
<td>Timeline for Execution</td>
<td>18 Months</td>
</tr>
</tbody>
</table>

<p>The contract details confirm that the entity awarding the order is a domestic company and that the scope remains entirely within the domain of turnkey services.</p>

ADVAIT Stock Price Movement​

Shares of Advait Energy Transitions Limited are edging higher to ₹2254, gaining 2.80% in live trading as of 1:59 PM. The equity has seen active buying interest, with a total traded volume standing at 49,382 shares during the session.