Advait Energy Transitions Limited, formerly Advait Infratech Limited, has won four separate turnkey orders from Paschim Gujarat Vij Company Ltd (PGVCL), together valued at about Rs 250.59 crore, to convert overhead 11 kV HT and LT power lines into underground cable networks in three Gujarat circles, it said Friday.
Advait Energy Transitions stock price
The company’s shares rose 1.45% to Rs 2,224.30 on July 10 following the announcement of the four PGVCL orders, after touching an intraday high of Rs 2,276.
Ahmedabad-based power infrastructure firm to execute turnkey packages across Bhavnagar, Porbandar and Bhuj circles over 18 months
The largest contract, worth Rs 75.56 crore including taxes, covers Package-61 for the Udyognagar subdivision of the Porbandar circle.
The second-largest, valued at Rs 64.20 crore, is for Package-43 in the Mandvi-city subdivision of the Bhuj circle.
The third, worth Rs 58.25 crore, covers Package-18 for the Adhewada (Akwada) subdivision of the Bhavnagar circle, while the fourth, valued at Rs 52.58 crore, is for Package-58 in the Ranavav subdivision of the Porbandar circle.
All four orders carry an 18-month execution timeline.
Advait Energy Transitions: Project details
Each contract requires site survey, design, engineering, procurement, supply, installation, testing and commissioning of the equipment needed to shift existing overhead HT and LT lines, including consumer service connections, onto an underground ring main network.
The scope also includes GIS mapping under GUVNL’s Geo Urja Mapping system and asset tagging under the SI scheme. The company said the orders came in the ordinary course of business and do not involve any related-party transactions or promoter interest in PGVCL.
Founded in 2009 in Ahmedabad and led by founder and managing director Shalin Sheth, Advait Energy Transitions has built its business around power transmission, substation and telecommunication infrastructure, supplying products such as OPGW cables, ACS wire, stringing tools and emergency restoration systems, alongside turnkey EPC and live-line installation work.
The company has diversified into renewable energy and hydrogen since 2023, including electrolyser manufacturing and battery storage systems, and counts clients such as PGCIL, UPPTCL and THDC India among its EPC and equipment customers.
It reported consolidated revenue growth of over 100 percent year-on-year in the December 2025 quarter, with the four new PGVCL orders adding to an order book built around India’s ongoing rural and urban distribution infrastructure upgrade programmes.
