Introduction:
Leading green energy firm has received a Letter of Award from SECI under the SIGHT Scheme for setting up 200 MW alkaline electrolyser manufacturing. The initiative will enhance India’s green hydrogen infrastructure and support sustainable energy transitions.
Share price movement of Advait Energy Transitions:
On January 20, 2025, Advait Energy Transitions Ltd (Formerly known as Advait Infratech Ltd) opened at ₹1,488.25, up 5.00% from its previous close of ₹1,417.40. The stock reached a high of ₹1,488.25. By 2:32 PM, it traded at ₹1,488.25, with a market cap of ₹1,607.40 crore.
Advait Energy Secures SECI Award:
Advait Energy Transitions Ltd (Formerly known as Advait Infratech Limited) has received a Letter of Award (LOA) from Solar Energy Corporation of India Ltd. (SECI) under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme to establish 200 MW alkaline electrolyser manufacturing capacities.
The award is part of SECI’s Product Linked Incentive (PLI) initiative (Tranche II) to boost green hydrogen infrastructure in India. The project, with a five-year completion timeline, aims to advance sustainable energy transitions through strategic green hydrogen development.
This milestone aligns with Advait Energy’s commitment to renewable energy innovation and reinforces its position as a key player in India’s energy transformation. The initiative is expected to contribute significantly to the nation’s green hydrogen goals.
Recent news on Advait Energy Transitions:
As of January 9, 2025, Advait Energy Transitions Ltd. received a Letter of Intent from Gujarat Urja Vikas Nigam Ltd for a 50 MW/500 MWh standalone Battery Energy Storage System project, scheduled for completion within 18 months.
Ace investor holding in Advait Energy Transitions:
Ashish Kacholia
Investor Ashish Kacholia holds a 2.67% stake in Advait Energy Transitions Ltd, with 288,185 shares valued at ₹42.9 crore. His investment reflects confidence in the company’s green energy initiatives and growth potential.
Suresh Kumar Agarwal
Suresh Kumar Agarwal holds a 2.67% stake in Advait Energy Transitions Ltd, with 288,185 shares valued at ₹42.9 crore. His investment highlights strong belief in the company’s green energy and sustainability efforts.
Stock performance of Advait Energy Transitions for Period of 1 week, 6 months and 1 year:
Advait Energy Transitions Ltd. has shown a modest 0.05% return over the past week, a decline of 31.6% over the last six months, but a strong 32.9% growth over the past year, indicating mixed performance with long-term gains.
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Shareholding pattern of Advait Energy Transitions:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 69.40% | 73.50% | 73.50% |
FII | 0.00% | 0.00% | 0% |
DII | 0% | 0% | 0% |
Public | 30.60% | 26.50% | 26.50% |
About Advait Energy Transitions:
Advait Infratech Ltd (BSE: 543230) provides solutions for power transmission, substations, and telecommunication infrastructure. The company specializes in manufacturing ACS wires, OPGW, HTLS conductors, and offers turnkey projects for power and telecom sectors.
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.