Successful bidder - L1 stage for PTCUL Tender of HTLS Reconductoring
ADVAIT · price
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Advait Energy Transitions Ltd has been confirmed as the L1 (lowest) bidder for a Power Transmission Corporation of Uttarakhand Limited (PTCUL) project to replace old ACSR Panther conductors with HTLS conductors on the 132 kV Rishikesh-T Point-Chilla-Bhupatwala transmission line. The order value is approximately ₹27.88 crore including taxes, with bid confirmation received on January 8, 2026. The company has been declared successful at the L1 stage, but the formal Letter of Intent or Award is still pending. A follow-up disclosure will be made once the award is formally issued. Advait Energy Transitions is the new name of the formerly listed Advait Infratech Limited.
This is a positive development as the company secures a competitive position in a government-backed power transmission project, potentially boosting its order book, though the contract is not yet formally awarded and revenue recognition remains pending the LOI/Award.