Order intimation of DGVCL order received
ADVAIT · price
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Advait Energy Transitions Ltd has received a Letter of Acceptance from Dakshin Gujarat Vij Co. Ltd. (DGVCL), a Gujarat state-owned electricity distribution company. The order is a turnkey contract for supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductor (MVCC) with accessories. The project falls under the Vanbandhu Kalyan Yojana (VKY-2), a Gujarat government scheme. The contract is valued at approximately ₹49.99 crores (including GST) and is to be executed over 15 months. The order is domestic and not a related party transaction.
This is a sizeable government-backed order (~₹50 crores) that adds to the company's order book and provides revenue visibility for the next 15 months. It signals continued business from state power utilities, which is positive for revenue growth, though the per-order impact on stock price would depend on the company's overall revenue base.