Advait Energy Transitions Limited Surges 6% on BSE After Securing Adani Group Order
Key Ideas
  • Advait Energy Transitions Limited shares rose by 6% after securing an order from Adani Group for a project in Gujarat.
  • The company has seen a positive movement in its stock price, with a market capitalization of Rs. 1,210.8 crores and an increase in revenue and net profit YoY.
  • The project scope includes the turnkey execution of Solar EPC solutions for a 100 MWac capacity at the Khavda Hybrid Renewable Power Project.
  • Advait Energy has previously received orders for projects in the transmission and communication equipment sector, showcasing its diversification in the renewable energy industry.
Advait Energy Transitions Limited witnessed a 6% surge in its shares on the Bombay Stock Exchange (BSE) following the announcement of securing an order from the Adani Group. The company's market capitalization stood at Rs. 1,210.8 crores, with its stock price trading at Rs. 1,121, up by 4.2% from the previous close. The order, received from Adani Green Energy Six Limited, involves the turnkey execution of Solar EPC solutions for a 100 MWac capacity project in Khavda, Gujarat, scheduled for completion in approximately 3.5 months. In addition to this recent order, Advait Energy had previously secured projects in the transmission and communication equipment sector, alongside experiencing significant YoY growth in revenue and net profit. The company's financials reflected a 35.4% YoY revenue growth, reaching Rs. 98.4 crores in Q3 FY25, and a 27.3% YoY increase in net profit. Advait Energy's operations encompass not only green hydrogen projects but also transformers, rectifiers, and control systems for hydrogen production facilities, highlighting its comprehensive EPC solutions for the renewable energy sector.
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