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Power stock jumps 6% after receiving order from Power Grid Corp

Prominent power infrastructure company secured L1 bidder status for an OPGW supply and installation project under Power Grid Corporation's bulk implementation plan, reinforcing its industry presence.
Power stock surges 6% after securing a significant order from Power Grid Corporation.
Power stock surges 6% after securing a significant order from Power Grid Corporation.

Introduction:

Leading power infrastructure company has emerged as the L1 bidder for a major OPGW supply and installation project under Power Grid Corporation’s bulk implementation plan, strengthening its role in India’s power transmission sector.

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Also Read: Infra stock jumps after receiving order worth ₹328 Cr for upgradation of storm water pumping station in Mumbai

Share price movement of Advait Energy:

On March 26, 2025, Advait Energy Transitions Ltd opened at ₹1,175.00, up 0.79% from its previous close of ₹1,165.85. The stock reached a high of ₹1,248.00 (7.05%) and a low of ₹1,175.00. By 10:56 AM, it traded at ₹1,202.10, a 3.11% increase, with a market cap of ₹1,298.34 crore.

Advait Energy Transitions Secures L1 Bid for Power Grid Project:

Advait Energy Transitions Limited (Formerly Advait Infratech Limited) has been declared the L1 successful bidder for the OPGW-04 package under Power Grid Corporation of India’s bulk implementation project.

The package includes the supply and installation of OPGW and communication equipment across various transmission lines in India. The bid confirmation pertains to RFx Number 5002003929 and covers both supply and erection work for optical ground wire (OPGW) infrastructure. 

Recent news on Advait Energy:

As of March 18, 2025, Advait Energy Transitions Ltd reported a 35.58% YoY increase in net sales to ₹98.45 crore. Quarterly net profit rose 27% to ₹9.78 crore, while EBITDA grew 28.76% to ₹16.88 crore in Q3 FY24.

Ace investor holding in Advait Energy:

Ashish Kacholia 

Ace investor Ashish Kacholia holds 288,185 shares, a 2.67% stake in Advait Energy Transitions Ltd, with an investment worth ₹34.6 crore, highlighting his confidence in the company’s growth potential.

Suresh Kumar Agarwal 

Suresh Kumar Agarwal holds 288,185 shares, representing a 2.67% stake in Advait Energy Transitions Ltd, with an investment valued at ₹34.6 crore, reflecting strong confidence in the company’s growth prospects.

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

Advait Energy Transitions Ltd delivered a 3.07% return over the past week, declined by 37.0% in the past six months, and recorded a 12.6% drop over the past year.

Also Read: Rekha Jhunjhunwala stock jumps 7% after receiving order worth ₹10,805 Cr from BSNL

Shareholding pattern of Advait Energy:

ParticularsDec 2024Sep 2024Jun 2024
Promoter69.50%69.40%73.50%
FII0%0.00%0.00%
DII0%0%0%
Public30.60%30.60%26.50%
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About Advait Energy:

Advait Energy Transitions Limited (BSE: 543230) provides products and solutions for power transmission, substations, and telecom infrastructure. It operates across multiple verticals, including turnkey telecom projects, power transmission installation, and substation 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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