Advait Energy Transitions Ltd stock jumped 7% on 26 March 2025 after the company emerged as the Lowest Bidder (L1) for PACKAGE OPGW-04 from Power Grid Corporation of India.
The company was awarded the PACKAGE OPGW-04: OPGW supply and installation package for several transmission lines throughout India under bulk implementation (supply+erection) for communication equipment and OPGW, the exchange filing stated.
A follow-up release will give more details following receipt of the Letter of Intent or Award.
Advait Energy Transitions Limited, with its headquarters in Ahmedabad, offers dependable machinery and all-inclusive solutions for power transmission, substation, and telecommunications infrastructure. The company branched out into renewable energy in 2023.
Since its founding in 2009, Advait Energy Transitions Limited has focused on creating ACS wire, stringing tools, ERS, OPGW operations, live line installations, green energy, and turnkey telecom projects. Alkaline and PEM electrolyser systems, hydrogen blending systems, fuel cell systems, hydrogen refuelling stations (HRS), and hydrogen storage units are all available from the company.
Additionally, the business offers transmission line towers, conductors, insulators, stringing tools, substation services, and power transmission.
A state-owned electric utility company with a focus on electricity transmission is called Electricity Grid Corporation of India Limited. It manages India’s largest transmission network and plays a significant role in both the national and regional electrical grids. The power grid is crucial for moving electricity from power plants to various states and areas across the country in order to guarantee a consistent supply of electricity.
Power Grid is actively working to expand and improve the transmission infrastructure in order to meet the country’s growing demand for electricity. Renewable energy sources will be incorporated into the national grid as part of this.
At 3:07 pm, the shares of Advait Energy were trading 2.07% higher at Rs 1,190 on NSE.
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