Ashish Kacholia-Backed Power Infrastructure Company Expands Into Battery Energy Storage Business
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Advait Energy Transitions incorporated Advait BESS Bhesaan Pvt Ltd to undertake EPC and turnkey execution services for Battery Energy Storage System projects.
✨ Key Takeaways
On Wednesday, the Indian equity benchmarks ended marginally lower, with the benchmark Nifty 50 index declining 0.03 per cent to close at 23,907.15. Renewable energy and power infrastructure stocks remained in focus amid battery storage and clean energy expansion announcements. In this segment, Advait Energy Transitions share price ended 0.54 per cent lower at Rs 2,062.70 on May 27, 2026, compared with the previous close of Rs 2,074, after the company announced incorporation of a new subsidiary for Battery Energy Storage System (BESS) projects.
Advait Energy incorporates BESS subsidiary
Advait Energy Transitions Limited announced incorporation of Advait BESS Bhesaan Private Limited as a subsidiary to expand its presence in the Battery Energy Storage System (BESS) segment. The company stated that it will hold a 51 per cent equity stake in the newly incorporated entity through subscription to the initial share capital in cash at face value.
Advait BESS Bhesaan Private Limited was incorporated on May 25, 2026, and has been classified as a related party being a subsidiary of Advait Energy Transitions Limited.
Subsidiary to undertake EPC and turnkey BESS projects
The newly incorporated subsidiary has been established to undertake engineering, procurement and construction (EPC) and turnkey execution of Battery Energy Storage System projects. According to the company, the scope of operations includes development, procurement, engineering, integration, testing, commissioning, operation and maintenance of renewable battery energy storage infrastructure.
The subsidiary will also provide consultancy, advisory, technical and management support services related to renewable BESS and allied infrastructure projects.
Focus on grid-connected and off-grid storage solutions
Advait Energy stated that the subsidiary will cater to captive, grid-connected and off-grid renewable energy storage applications. The company added that the new entity is expected to provide end-to-end solutions across the battery storage project lifecycle, including execution and operational support services.
With a 51 per cent holding, Advait Energy Transitions Limited will oversee the strategic and operational direction of the subsidiary as it commences operations in the energy storage EPC business.
About Advait Energy Transitions
Advait Energy Transitions Ltd operates in the energy and infrastructure segment with business interests across power transmission, renewable energy and related engineering solutions. The company provides products and services catering to power utilities, telecom infrastructure and clean energy projects in India. Ace investor Ashish Kacholia held a 2.30 per cent stake in Advait Energy Transitions Limited as per the latest shareholding pattern.
The company has been expanding its presence in renewable energy and emerging energy transition technologies through strategic business initiatives and subsidiary platforms. Its operations include transmission infrastructure, renewable integration solutions and energy storage-related opportunities within the evolving clean energy ecosystem.
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Disclaimer: This article is for informational purposes only and not investment advice.