Intimation of order received from PGCIL, in normal course of business, for ERS Package II
ADVAIT · price
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Advait Energy Transitions Ltd has bagged an order from Power Grid Corporation of India Ltd (PGCIL) for the ERS Package II, involving procurement of Emergency Restoration Systems (ERS) suitable for 400kV transmission lines (Set-5). The order is valued at approximately Rs. 87.29 crores inclusive of taxes and is to be executed within 18 months. This is a domestic order and not a related party transaction. The company is a player in the power transmission and energy transition space, and this win adds a sizable government PSU-backed contract to its order book.
This Rs. 87.29 crore order from a Maharatna PSU strengthens Advait's order pipeline and provides revenue visibility over the next 18 months, which is a positive for the stock. PGCIL-backed orders also reduce counterparty risk, though execution and margin performance will be key watchpoints.