Advait Energy Transitions experienced a surge in its stock price, reaching an upper circuit after securing a Letter of Award from Solar Energy Corporation of India (SECI) for the manufacturing of alkaline electrolysers in India. This contract is part of the Product Linked Incentive (PLI) scheme under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme by SECI. The project involves setting up manufacturing capacities of 200 MW of alkaline electrolysers in the country and is to be completed within a span of 5 years. Advait Energy Transitions, formerly known as Advait Infratech, is a company that focuses on providing products and solutions in the areas of power transmission, power substation, and telecommunication infrastructure fields. Despite this positive development, the company reported a 21.1% decline in its consolidated net profit to Rs 4.3 crore, along with a 5.6% decrease in net sales to Rs 46.19 crore in the second quarter of FY25 compared to the same period in FY24.