Order Win
Advait Energy Transitions Wins ₹51.62 Crore DGVCL Turnkey Contract Under VKY-2 Scheme
NSE
advait
BSE
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Advait Energy Transitions Limited has secured a ₹51.62 crore (inclusive of taxes) turnkey contract from Dakshin Gujarat Vij Company Limited (DGVCL) for the supply, installation, testing and commissioning of 11kV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) under the Vanbandhu Kalyan Yojana-2 (VKY-2) Scheme. The project is scheduled for execution over 15 months.
PRICE-SENSITIVE TRIGGER
Event: Award of a turnkey power distribution infrastructure contract from DGVCL.
Type: Order Win
Impact: Positive
Immediate Effect: The company has strengthened its order book with a new domestic contract valued at ₹51.62 crore, providing additional revenue visibility over the project execution period.
Key Metrics:
- Order Value: ₹51,61,56,375 (₹51.62 crore) (inclusive of taxes)
- Execution Period: 15 months
Highlight:
- New Order: ₹51.62 crore turnkey contract from Dakshin Gujarat Vij Company Limited (DGVCL).
What Happened ?
Advait Energy Transitions Limited informed the stock exchanges that it has received a domestic turnkey contract from Dakshin Gujarat Vij Company Limited (DGVCL) in the normal course of business.
The contract covers the supply, installation, testing and commissioning of 11kV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) along with related accessories under the Vanbandhu Kalyan Yojana-2 (VKY-2) Scheme. The project was awarded on July 6, 2026, with an aggregate contract value of ₹51.62 crore, inclusive of taxes.
Key Details
Order Details:
- Awarding authority: Dakshin Gujarat Vij Company Limited (DGVCL).
- Nature of contract: Turnkey project involving supply, installation, testing and commissioning of 11kV 55mm² AAAC Medium Voltage Covered Conductor (MVCC).
- Scope includes accessories and additional poles wherever required. (PSC/RSJ poles will be provided by DGVCL and related accessories remain within the contract scope.)
- Project falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) Scheme or other applicable schemes.
- Customer is a domestic entity.
- Contract execution period is 15 months.
- Total contract value is ₹51.62 crore, inclusive of taxes.
Why It Matters:
- Strengthens the company’s order book in the power distribution infrastructure segment.
- Improves medium-term revenue visibility through a multi-month execution schedule.
- Reinforces Advait Energy Transitions’ presence in utility transmission and distribution projects.
- Demonstrates continued order inflow from state power distribution utilities.
Note:
- The company confirmed that promoters or promoter group entities have no interest in the awarding entity, and the transaction does not qualify as a related-party transaction.
Risk Analysis
Summary:
- While the order enhances revenue visibility, execution performance and timely project completion will determine the financial realization of the contract.
Key Risks:
- Project execution delays could defer revenue recognition.
- Procurement or supply-chain disruptions may impact project timelines.
- Utility projects are subject to regulatory and operational approvals.
- Cost inflation during execution could affect project profitability if not adequately managed.
Worst Case:
- Significant execution delays, cost overruns, or changes in project specifications could reduce margins and postpone revenue realization from the contract.
Risk Level: Medium
Company Commentary
- The company has received a turnkey contract from DGVCL in the normal course of business.
- The project involves supply, installation, testing and commissioning of 11kV 55mm² AAAC MVCC under the VKY-2 Scheme.
- The order is valued at ₹51.62 crore, inclusive of taxes.
- The contract is scheduled to be executed within 15 months.
- The company confirmed that the order is not a related-party transaction and promoters have no interest in the awarding entity.
Official Exchange Filing: Advait Energy Transitions Limited
