Rs 1,048 crore order book: Power cable company secures L1 bidder status for DGVCL tender
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It has delivered around 38.20 per cent returns from its 52-week low of Rs 1,351 per share.
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On Friday, shares of Advait Energy Transitions Ltd jumped 3.20 per cent to Rs 1,867 per share from its previous closing of Rs 1,809.10 per share. The stock’s 52-week high is Rs 1,910 per share and its 52-week low is Rs 1,351 per share. During the session, the stock surged as much as 4.36 per cent to hit an Intraday high of Rs 1,888 per share.
Advait Energy Transitions Ltd informed exchanges that it has received bid confirmation for the L1 stage, emerging as the successful bidder for a turnkey contract under Dakshin Gujarat Vij Company Ltd (DGVCL). The contract involves supply, installation, testing and commissioning of 11KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC), along with accessories and additional poles if required.
The project falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme or other related schemes, with tender reference DGVCL/SD&P/MVCC/VKY-2/202601. The company received this confirmation on April 9, 2026.
The company further stated that detailed disclosures as required under Regulation 30 of SEBI (LODR) Regulations, 2015, along with SEBI circular dated July 13, 2023, will be shared separately upon receipt of the official Letter of Intent (LoI) or Award.
Advait Energy Transitions Ltd (formerly Advait Infratech Ltd), established in 2009 and headquartered in Gujarat, operates as a global player in power transmission, substations, and telecommunication infrastructure solutions. The company manufactures and supplies a wide range of products including stringing tools, ACS wires, OPGW cables, ERS systems, optical fibre cables, and insulators.
It has also executed complex EPC projects such as live-line OPGW installations, underground cabling, and MVCC and HT AB cable integration. In 2023, the company expanded into renewable energy, focusing on green hydrogen, Solar power integration, and battery energy storage systems.
The company provides end-to-end solutions across power transmission, substation infrastructure, telecom, and renewable energy segments. Its EPC capabilities include live-line projects, reconductoring, transmission upgrades, and advanced energy solutions including GH2 and solar installations in challenging terrains.
The company has a market cap of over Rs 300 crore. The stock price has surged over 34.57 per cent in last one year. It has delivered around 38.20 per cent returns from its 52-week low of Rs 1,351 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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