Advait Energy bags Rs 75.56 cr PGVCL turnkey underground cable contract

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ADVAIT · price

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▲ 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

₹2187.70

base price

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AI summary

Advait Energy Transitions has received a turnkey contract worth about Rs 75.56 crore (taxes included) from PGVCL, a Gujarat state power distribution company. The scope covers converting existing 11 kV HT and LT overhead line networks into underground cable networks at Udyognagar subdivision in the Porbandar circle, under Package 61 of the SI Scheme. Work must be completed within 18 months. The contract is domestic with no related party interest disclosed by the promoter group.

Likely market impact

Adds a sizeable state PSU order to the order book, supporting 18-month revenue visibility. Positive for business momentum and execution pipeline.