Introduction:
Prominent energy solutions provider has secured a significant contract from Gujarat Energy Transmission Corporation Limited for the supply, installation, and commissioning of HTLS conductors, enhancing reliability and ampacity in critical 66KV transmission lines within Surendranagar Circle.
Share price movement of Advait Energy:
On January 8, 2025, Advait Infratech Ltd opened at ₹1,527.25, unchanged from its previous close. The stock reached a high of ₹1,564.85 and a low of ₹1,507.00. By 3:00 PM, it traded at ₹1,528.35 (+0.072%), with a market cap of ₹1,636.2 crore.
Advait secures GETCO conductor project:
Advait Energy Transitions Limited (Formerly known as Advait Infratech Limited) announced it has secured a significant order from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply, installation, testing, and commissioning of HTLS conductors.
The project involves converting DOG conductors into HTLS conductors for two critical 66KV transmission lines in Surendranagar Circle, namely the Dhrangadhra (220KV) – Dhrangadhra Line and the Viramgam – KANZ Line. The contract is valued significantly and will be completed within six months.
This domestic project aligns with Advait Energy’s expansion in India’s power infrastructure sector. The order reinforces the company’s expertise in advanced conductor technology, ensuring higher ampacity and reliability in transmission lines, boosting their role in critical energy projects.
Recent news on Advait Energy:
As of August 28, 2024, Advait Energy Transitions Limited secured a major SECI contract to establish 200 MW alkaline electrolyser manufacturing under the SIGHT Scheme, boosting India’s green hydrogen transition and renewable energy manufacturing capabilities.
Ace investor holding in Advait Energy:
Ashish Kacholia
Renowned investor Ashish Kacholia holds a 2.67% stake, equating to 288,185 shares worth ₹43.6 crore, in Advait Energy Transitions Limited, underscoring his strategic confidence in the company’s potential and its role in India’s energy transition sector.
Suresh Kumar Agarwal
Suresh Kumar Agarwal holds a 2.67% stake in Advait Energy Transitions Limited, amounting to 288,185 shares valued at ₹43.5 crore, highlighting his substantial investment in the company’s innovative initiatives within India’s evolving energy transition landscape.
Stock performance of Advait Energy for Period of 1 week, 6 months and 1 year:
Advait Infratech Ltd has seen a decline of 3.64% over the past week and 21.8% over the last six months. However, the stock has experienced significant growth of 83.3% over the past year, indicating long-term upward momentum.
Also Read: Maharatna stock jumps after it incorporates new subsidiary for nuclear energy business
Shareholding pattern of Advait Energy:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 69.40% | 73.50% | 73.50% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 0.00% | 0% | 0% |
| Public | 30.60% | 26.50% | 26.50% |
About Advait Energy:
Advait Energy Transitions Limited (BSE: 543230) is a leading player in power transmission, manufacturing critical components for the sector. The company has expanded into green energy, focusing on sustainable solutions like electrolysers and green hydrogen projects.
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.
