Announced Tue, 7 Jul · 16:22 IST
Advait Energy bags Rs 51.62 crore MVCC turnkey order from DGVCL
ADVAIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.3%1-day move
₹2144.50
prior close
₹2169.00
base price
After-mkt
timing
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+1.0+0.0-0.3-1.0+2.3+2.9+1.9-0.4-1.1-2.6————
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AI summary
Advait Energy Transitions has won a Rs 51.62 crore turnkey order from Dakshin Gujarat Vij Company (DGVCL), a state power distributor, for supply, installation, testing and commissioning of 11KV Medium Voltage Covered Conductor with accessories under the Gujarat government's Vanbandhu Kalyan Yojana-2 scheme. The domestic contract is to be executed over 15 months and includes additional poles if required.
Likely market impact
Strengthens order book with a state-owned utility win. Government-backed contract adds revenue visibility, though size is moderate.