Advait Infratech Ltd Secures Contracts for Solar and Green Hydrogen Projects in Gujarat
Key Ideas
  • Advait Infratech Ltd's arm, Advait Greenergy, has received Letters of Intent from KP Group of Companies for a 30 MW solar plant and a 1 MW green hydrogen project in Gujarat.
  • The projects are valued at INR 72.69 crore (over $8.7 million), with a significant portion allocated to the solar project at Khavda, Gujarat.
  • The company will undertake the engineering, procurement, and construction work for both projects, with completion periods of nine months for the solar plant and eight months for the green hydrogen plant.
  • These initiatives contribute to the advancement of renewable energy and green hydrogen technologies in the region, showcasing a commitment to sustainability and clean energy solutions.
Advait Infratech Ltd has made significant strides in the renewable energy sector by securing contracts for a 30 MW solar plant and a 1 MW green hydrogen project in Gujarat. Through its subsidiary, Advait Greenergy, the company has received Letters of Intent from KP Group of Companies, demonstrating a growing interest and investment in sustainable energy solutions. The total worth of the projects amounts to INR 72.69 crore, indicating a substantial commitment to the development of clean energy infrastructure. The 30 MW solar project, located in Khavda, Gujarat, is set to be executed on an engineering, procurement, and construction (EPC) basis, with a project value of INR 59 crore. This endeavor is expected to be completed within nine months, contributing to the state's renewable energy capacity. Additionally, Advait Infratech Ltd has secured an LOI for the EPC of a 1 MW green hydrogen plant in Matar, Gujarat, with a project value of INR 13.69 crore. The green hydrogen plant is scheduled to be commissioned within eight months from the date of the LOI, emphasizing the company's focus on sustainable energy solutions. These developments underscore a positive outlook towards renewable energy and green hydrogen projects in the region, reflecting a broader shift towards cleaner and more environmentally friendly sources of energy.
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