Intimation for confirmation of L1 stage as successful bidder of PGVCL tender for bhavnagar circle
ADVAIT · price
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Advait Energy Transitions Ltd has been confirmed as the L1 (lowest) bidder for a turnkey contract from Paschim Gujarat Vij Company Limited (PGVCL). The work involves supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) along with accessories for creating a robust power supply network in the Bhavnagar Circle under the System Improvement (SI) Scheme. The project must be completed within 12 months. The contract value and further details will be disclosed once the formal Letter of Intent or Award is received.
This is a positive development as it confirms Advait's competitive position in winning a government utility contract, which could add to its order book and future revenue. However, the actual financial impact remains unclear until the contract value is disclosed in a follow-up announcement.