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Advait Energy Stock Jumps on New Gujarat Contract
10 Jul
Summary
- Advait Energy secured a Rs 58.25 crore order from a Gujarat power firm.
- The new order boosts the company's already record-high order book.
- Shares saw a nearly 2% intraday gain on Friday.
Advait Energy Transitions Ltd experienced a nearly 2% stock increase on Friday following the announcement of a new order valued at Rs 58.25 crore. This contract was awarded by Paschim Gujarat Vij Company Ltd., a state-owned power distribution entity in Gujarat.
The project, estimated to take around 18 months, involves converting existing 11 kV High Tension (HT) and Low Tension (LT) lines into an underground cable network at Adhewada. Advait Energy's responsibilities encompass site surveys, designing, engineering, procurement, supply, and commissioning of the required components.
This recent acquisition further bolsters Advait Energy's order book, which reached an all-time high of Rs 1,304 crore by June 30, marking a substantial 159% year-on-year growth. The company's stock has shown remarkable performance, gaining over 60% since the beginning of 2026.
