Advait Energy bags Rs 52.58 crore turnkey order from PGVCL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

ADVAIT · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹2194.00

prior close

₹2241.30

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-0.8% vs market

Other Electrical Equipment peers, median of 50sector+0.9%-0.3% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.3 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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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.