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Cable stock hits 10% upper circuit after becoming L1 bidder for turnkey contract under Vanbandhu Kalyan Yojana-2

Prominent cable company has been confirmed as the L1 bidder for a turnkey contract under VKY-2, involving 11 KV 55mm² AAAC MVCC installation in DGVCL's jurisdiction.
Cable stock surges 10% after securing L1 bidder status for Vanbandhu Kalyan Yojana-2 contract.
Cable stock surges 10% after securing L1 bidder status for Vanbandhu Kalyan Yojana-2 contract.

Introduction:

Leading cable company has secured the L1 bidder status for a turnkey contract under the VKY-2 scheme, involving the installation and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor across DGVCL’s jurisdiction within 15 months.

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Also Read: Stock hits 5% upper circuit after receiving registration certificate for producer of waste and used battery

Share price movement of Advait Energy:

On April 3, 2025, Advait Energy Transitions Ltd opened at ₹1,145.05, down 2.03% from its previous close of ₹1,168.75. The stock surged to a high of ₹1,285.00 (9.95%) and touched a low of ₹1,131.10. By 3:31 PM, it traded at ₹1,278.00, marking a 9.35% gain, with a market cap of ₹1,380.32 crore.

Advait Energy Transitions Secures L1 Bid for Turnkey Contract:

Advait Energy Transitions Limited (Formerly Advait Infratech Limited) has been confirmed as the L1 bidder for a turnkey contract under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme. The project involves the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC).

The contract, under Dakshin Gujarat Vij Company Limited (DGVCL), covers 580 CMK and is expected to be completed within 15 months. Poles and related fabrications will be supplied by DGVCL.

Ace investor holding in Advait Energy:

Ashish Kacholia

Ashish Kacholia holds 288,185 shares consisting of 2.67% in Advait Energy Transitions Ltd., valued at ₹36.8 crore, reflecting his strategic investment in the company’s growth and potential within the energy sector.

Stock performance of Advait Energy for Period of 1 week, 6 months, and 1 year:

Advait Energy Transitions Ltd delivered a 3.43% return over the past week, but declined by 34.8% in the past six months. The stock registered a 10.8% decline over the past year.

Also Read: Power stock jumps 6% after receiving order worth ₹38.2 Cr from NTPC

Shareholding pattern of Advait Energy:

ParticularsDec 2024Sep 2024Jun 2024
Promoter69.50%69.40%74%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public30.60%30.60%26.50%
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About Advait Energy:

Advait Energy Transitions Limited (BSE: 543230) specializes in power transmission, substation, and telecommunication infrastructure solutions. The company operates across multiple verticals, including turnkey telecommunication projects, power transmission installation, and telecom product solutions, supporting critical infrastructure development.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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