Announced Fri, 10 Jul · 13:36 IST
Advait Energy bags Rs 52.58 crore turnkey order from PGVCL
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
-0.4%1-day move
₹2194.00
prior close
₹2241.30
base price
In-mkt
timing
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+0.3-0.3+0.1-1.0-0.4-2.7-3.4-3.4-4.8+2.4————
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AI summary
Advait Energy Transitions has received a Rs 52.58 crore turnkey contract from Paschim Gujarat Vij Company Ltd (PGVCL), a Gujarat state government power distribution utility. The work involves site survey, design, supply and installation for converting existing 11 kV HT and LT overhead lines into underground cable network with ring main system at Ranavav subdivision in Porbandar circle. The order is domestic and must be executed within 18 months.
Likely market impact
Adds Rs 52.58 crore to order book from a state government utility, revenue spread over 18 months. Positive for order pipeline.