Advait Energy Transitions Limited has informed the Exchange regarding 'Confirmation for L1 stage Successful bidder - Procurement of Centre Tower Crane for Mechanized Erection of Transmission Line Towers under Vendor Development.'.
ADVAIT · price
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Awaiting price reaction for this filing.
Advait Energy Transitions Limited has been confirmed as the L1 (lowest) bidder for the procurement of a Centre Tower Crane, which will be used for mechanized erection of transmission line towers under a Vendor Development programme. L1 status means the company is the most competitive bidder and is likely to be awarded the contract. No contract value or revenue impact figure has been disclosed in the announcement. The order relates to the company's transmission and power infrastructure business.
Positive for the company as it strengthens the order book in the transmission infrastructure segment, though the absence of contract value limits assessment of its materiality to overall revenue and stock price.