Order Win
Advait Energy Transitions Bags ₹52.58 Crore PGVCL Turnkey Contract for Underground Cable Network Project
NSE
advait
BSE
543230
Advait Energy Transitions Limited has secured a domestic turnkey contract worth ₹52.58 crore from Paschim Gujarat Vij Company Limited (PGVCL) for converting existing 11 kV HT and LT overhead distribution lines into an underground cable network at Ranavav Subdivision, Porbandar Circle under Package-58.
PRICE-SENSITIVE TRIGGER
Event: Advait Energy Transitions received a new turnkey power infrastructure contract from PGVCL.
Type: Order Win
Impact: Positive
Immediate Effect: The order strengthens the company’s order book and enhances medium-term revenue visibility through another utility infrastructure project in Gujarat.
Financials:
Key Metrics:
- Order Value: ₹52,57,52,164 (₹52.58 crore) (Inclusive of Taxes)
- Awarding Authority: Paschim Gujarat Vij Company Limited (PGVCL)
- Project Type: Turnkey Underground Cable Network Conversion
- Execution Period: 18 Months
- Project Location: Ranavav Subdivision, Porbandar Circle, Gujarat
- Entity Type: Domestic
Highlight:
- Advait Energy Transitions secured a ₹52.58 crore turnkey contract from PGVCL for underground conversion of existing 11 kV HT and LT distribution networks.
What Happened ?
Advait Energy Transitions Limited informed the stock exchanges that it has been awarded a domestic turnkey contract by Paschim Gujarat Vij Company Limited (PGVCL).
The project involves converting existing 11 kV HT and LT overhead distribution lines, including consumer service lines, into an underground cable network with Ring Main System connectivity at the Ranavav Subdivision of Porbandar Circle. The work also includes GIS Mapping, Geo Urja Mapping and Asset Tagging under the SI Scheme (Package-58).
Key details
Project Scope:
- Site survey and engineering design.
- Procurement and supply of project materials.
- Loading, transportation and unloading.
- Insurance, delivery, handling and storage.
- Installation, testing and commissioning.
- Documentation of all materials and project deliverables.
- Underground conversion of existing 11 kV HT and LT overhead lines.
- Consumer service line integration.
- Ring Main System implementation.
- GIS Mapping and Geo Urja Mapping (developed by GUVNL).
- Asset tagging under the SI Scheme.
Awarding Authority:
- Client: Paschim Gujarat Vij Company Limited (PGVCL)
- Entity Type: Domestic Government Utility
Project Location:
- Ranavav Subdivision
- Porbandar Circle
- Gujarat
Execution Timeline:
- Project completion period: 18 months
Contract Value:
- ₹52,57,52,164 (Inclusive of Taxes)
Note:
- The contract has been received in the normal course of business and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Risk Analysis
Summary:
- The order improves Advait Energy Transitions’ execution pipeline and provides additional revenue visibility. However, successful execution within schedule and cost parameters remains important for realizing the full financial benefit.
Key Risks:
- Delays in execution could defer revenue recognition.
- Rising raw material or logistics costs may impact project margins.
- Supply chain disruptions could affect project timelines.
- Utility approvals or site-related challenges may delay commissioning.
Worst Case:
- Project execution delays or cost overruns could reduce profitability and postpone revenue realization from the contract.
Risk Level: Medium
Company Commentary
- Advait Energy Transitions has secured a turnkey contract from PGVCL.
- The project covers survey, engineering, procurement, supply, installation, testing and commissioning.
- The scope includes underground cable conversion, Ring Main System implementation, GIS Mapping and Asset Tagging.
- The project is scheduled for completion within 18 months.
- The company confirmed there is no promoter interest or related-party involvement in the awarding entity.
Official Exchange Filing: Advait Energy Transitions Limited
