On April 15, 2025, Advait Energy Transitions Limited (formerly Advait Infratech Limited) notified the stock exchanges about a major development in its business operations. The company has been confirmed as the Lowest Bidder (L1) for a turnkey contract from Paschim Gujarat Vij Company Limited (PGVCL) for the supply, installation, testing, and commissioning of 11KV Medium Voltage Covered Conductor (MVCC) with associated accessories in Bhavnagar Circle, Gujarat.

The project is a part of PGVCL’s ongoing System Improvement (SI) Scheme, aimed at ensuring reliable power supply across Gujarat’s power distribution network. This initiative is designed to enhance grid resilience and reduce technical losses.

Project Details and Scope

The project involves:

• Turnkey execution of 11KV MVCC network and allied infrastructure.

• Creation of a robust power distribution network across the Bhavnagar Circle.

• The contract is to be completed within 12 months from the date of award.

This project aligns with the Gujarat Government and PGVCL’s broader mission to modernize the state’s power infrastructure under various central and state-funded schemes.

L1 Confirmation and Regulatory Compliance

Advait Energy has confirmed its L1 status, meaning it submitted the lowest qualified financial bid during the tendering process. This designation places it in a strong position to receive the final Letter of Intent (LoI) or Work Order, pending formalities.

As per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided an early intimation of this milestone. However, detailed disclosure regarding the contract value, scope, and impact on financials will be made in a separate announcement, once the Letter of Intent or Award is officially received.

Significance of the Project for Advait Energy

This development is a strategic win for Advait Energy, showcasing its technical expertise and competitive pricing in the power infrastructure domain. The System Improvement Scheme is a high-priority initiative, and Advait’s successful L1 status underlines its capability to deliver on complex grid enhancement projects.

Securing such projects strengthens the company’s presence in the electrical EPC segment, particularly in distribution network modernization. It also reinforces the company’s positioning within the utility and infrastructure value chain, a key focus area for its long-term growth plans.

Company Background and Transition

Formerly known as Advait Infratech Limited, the company recently rebranded to Advait Energy Transitions Limited to reflect its evolving role in clean energy transitions, grid modernization, and allied services. The name change signifies its commitment to contribute meaningfully to India’s power infrastructure modernization goals and the energy transition narrative.

Under the leadership of Rejal Sheth, Whole-time Director & CFO (DIN: 02911576), the company has expanded its footprint across energy transmission, distribution, and renewable energy support systems.

Future Disclosures and Market Outlook

The company has stated that it will issue a separate announcement providing all required information under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023. This future communication will likely include:

• Contract value and timeline

• Impact on financial performance

• Execution responsibilities and expected margins

Once the Letter of Award (LoA) or Letter of Intent (LoI) is received, it will enable investors and stakeholders to better assess the financial and operational significance of the project for Advait Energy.

Conclusion

Being declared the L1 bidder for this significant turnkey contract under PGVCL’s System Improvement Scheme is a positive development for Advait Energy Transitions Limited. It signals the company’s continued momentum in the infrastructure and utility sector, especially in power distribution enhancement projects.

As the company awaits the formal contract award, this development adds to its growing order pipeline and reinforces its commitment to supporting India’s power sector reforms and infrastructure development goals. Investors and stakeholders can expect further clarity once the detailed award documentation is released in the coming days.

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