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Advait Energy Transitions Secures L1 Bid for Turnkey Contract
K N Mishra
03/Apr/2025
What’s Covered in the Article:
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Advait Energy Transitions wins L1 bid for Turnkey Contract under Vanbandhu Kalyan Yojana-2.
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The project includes MVCC installation over 580 CMK within a 15-month timeline in DGVCL’s jurisdiction.
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Official Letter of Intent or Award details will be announced in a separate disclosure.
Advait Energy Transitions Limited (formerly Advait Infratech Limited) has successfully emerged as the L1 stage bidder for the Turnkey Contract under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme. The project pertains to the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) and associated accessories. The DGVCL (Dakshin Gujarat Vij Company Limited) will supply the poles and its fabrications for the project.
This successful bid will help in advancing the infrastructure under the VKY-2 scheme, designed to improve the electricity distribution network in the area. The contract covers a 580 CMK of the 11 KV MVCC system, aimed at enhancing the distribution capabilities within DGVCL’s jurisdiction area.
The company will now proceed with the next steps once the Letter of Intent (LOI) or Letter of Award (LOA) is received, in accordance with the regulations set by the Securities and Exchange Board of India (SEBI). Further details, including the full scope of the contract, the project timelines, and other relevant disclosures, will be provided upon receipt of the formal communication.
The estimated time for the completion of the project is 15 months, ensuring that the required infrastructure improvements are delivered within this period. This is a major step for Advait Energy Transitions Limited, aligning with its commitment to innovative energy solutions and infrastructure development.
In compliance with the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the company intends to disclose further details about this project once the official Letter of Award is issued. The company continues to follow all necessary regulatory protocols and corporate governance norms as mandated by SEBI.
This successful bid is a testament to the company's growing presence and capabilities in the energy transition sector and its ongoing efforts to contribute to the development of the national infrastructure.