Advait Infratech Secures Rs. 296 Crores Order for Hydrogen Project
Key Ideas
- Advait Infratech Limited's shares surged by 5% after securing a Rs. 296 crores order from Solar Energy Corporation of India for setting up Alkaline Electrolysers manufacturing capacities under the SIGHT Scheme.
- The company previously received orders for EPC work from Power Grid Corporation of India and Dakshin Gujarat Vij Co. Ltd, showcasing diverse project portfolios.
- Financially, Advait Infratech witnessed significant revenue and net profit growth in Q1 FY25 compared to Q1 FY24, with a notable increase of 260 percent YoY in net profit.
- The stock performance has been impressive, delivering multibagger returns over different time periods and attracting investors like Ashish Kacholia with a 2.67 percent stake.
Advait Infratech Limited, a company engaged in power and infrastructure development, experienced a positive surge in its stock price after securing a significant order worth Rs. 296 crores from Solar Energy Corporation of India Limited. The 5-year contract aims to set up manufacturing capacities of 200 MW of Alkaline Electrolysers in India under the SIGHT Scheme, contributing to the green hydrogen transition. Additionally, the company had previously received orders for EPC work from Power Grid Corporation of India and Dakshin Gujarat Vij Co. Ltd, showcasing its diverse project portfolio. Financially, Advait Infratech exhibited substantial growth in revenue and net profit in Q1 FY25 compared to Q1 FY24, with significant YoY increases. The company's stock performance has been impressive, delivering multibagger returns and drawing investor interest, including ace investor Ashish Kacholia. Established in 2009, Advait Infratech operates in various verticals within the power transmission and telecom infrastructure sectors, offering products like stringing tools, OPGW cables, and OPGW joint boxes.
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India
Renewable Energy
Infrastructure
Stock Market
Business Growth
Financial Performance
Company Profile
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Order Acquisition
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