Domestic Order Win
Advait Energy Transitions Bags ₹75.56 Crore Turnkey Contract from PGVCL for Underground Cable Network Project
NSE
ADVAIT
BSE
543230
Advait Energy Transitions Limited has secured a ₹75.56 crore turnkey contract (inclusive of taxes) from Paschim Gujarat Vij Company Ltd. (PGVCL) for converting the existing power distribution network into an underground cable system at the Udyognagar Subdivision (Part-1), Porbandar Circle. The project will be executed over 18 months.
PRICE-SENSITIVE TRIGGER
Event: PGVCL awards turnkey underground cable network project.
Type: Domestic Order Win
Impact: Positive
Immediate Effect: The contract strengthens the company’s order pipeline, improves medium-term revenue visibility, and supports its position in India’s power distribution infrastructure sector.
Financials:
Key Metrics:
- Order Value: ₹75,56,30,411 (approximately ₹75.56 crore, inclusive of taxes)
- Execution Timeline: 18 months
- Awarding Authority: Paschim Gujarat Vij Company Ltd. (PGVCL)
- Project Type: Turnkey Underground Cable Network
Highlight:
- Advait Energy has secured a domestic infrastructure order worth ₹75.56 crore from PGVCL.
What Happened ?
Advait Energy Transitions Limited informed the stock exchanges that it has received a turnkey contract from Paschim Gujarat Vij Company Ltd. (PGVCL).
The project involves converting the existing LT distribution network, including consumer service lines, into an underground cable network equipped with a Ring Main System at the Udyognagar Subdivision (Part-1) of the Porbandar Circle. The contract also includes GIS Mapping, Geo Urja Mapping (developed by GUVNL), and asset tagging under SI Scheme (Package-61).
Key details
Contract Details:
- Customer: Paschim Gujarat Vij Company Ltd. (PGVCL)
- Customer Type: Domestic entity
- Order Value: ₹75.56 crore (inclusive of taxes)
- Execution Period: 18 months
- Scope includes:
- Site survey
- Design and engineering
- Procurement and supply
- Transportation and delivery
- Installation and commissioning
- Testing and documentation
- GIS Mapping and Geo Urja Mapping
- Asset tagging under SI Scheme (Package-61)
Note:
- The announcement has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Risk Analysis
Summary:
- The project enhances order book visibility, but the financial contribution will depend on timely execution and achievement of contractual milestones.
Key Risks:
- Revenue recognition will be milestone-based.
- Project execution delays could defer revenue realization.
- Infrastructure execution involves operational and implementation risks.
Worst Case:
- Unexpected execution delays or project-related issues could postpone billing milestones and affect profitability.
Risk Level: Medium
Company Commentary
- PGVCL has awarded Advait Energy a turnkey infrastructure contract.
- The project covers underground cable network development in the Porbandar Circle.
- The contract value is ₹75.56 crore (inclusive of taxes).
- The execution timeline is 18 months.
- The project includes engineering, procurement, installation, GIS mapping, and asset tagging activities.
Official Exchange Filing: Advait Energy
