Domestic Order Win
Advait Energy Transitions Wins ₹58.25 Crore PGVCL Turnkey Contract for Underground Cable Network Project
NSE
ADVAIT
BSE
543230
Advait Energy Transitions Limited has secured a ₹58.25 crore turnkey contract (inclusive of taxes) from Paschim Gujarat Vij Company Ltd. (PGVCL) for converting the existing 11 kV HT & LT overhead line network into an underground cable network at Adhewada (Akwada) Subdivision, Bhavnagar Circle under Package-18. The project is scheduled for completion within 18 months.
PRICE-SENSITIVE TRIGGER
Event: PGVCL awards turnkey underground cable network project
Type: Domestic Order Win
Impact: Positive
Immediate Effect: The contract strengthens Advait Energy’s order book, improves medium-term revenue visibility, and expands its presence in Gujarat’s power distribution infrastructure segment.
Financials:
Key Metrics:
- Order Value: ₹58,25,31,158 (approximately ₹58.25 crore, inclusive of taxes)
- Execution Period: 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 ₹58.25 crore from PGVCL.
What Happened ?
Advait Energy Transitions Limited has received a turnkey infrastructure contract from Paschim Gujarat Vij Company Ltd. (PGVCL).
The project involves converting the existing 11 kV HT and LT line network, including consumer service lines, into an underground cable network with a Ring Main System at the Adhewada (Akwada) Subdivision of Bhavnagar Circle. The scope also includes GIS Mapping, Geo Urja Mapping (developed by GUVNL), and asset tagging under SI Scheme (Package-18).
Key details
Contract Details:
- Customer: Paschim Gujarat Vij Company Ltd. (PGVCL)
- Customer Type: Domestic entity
- Order Value: ₹58.25 crore (inclusive of taxes)
- Execution Timeline: 18 months
- Scope includes:
- Site survey
- Design and engineering
- Procurement and supply
- Transportation and unloading
- Insurance and delivery
- Installation, testing and commissioning
- Documentation
- GIS Mapping and Geo Urja Mapping
- Asset tagging under SI Scheme (Package-18)
Note:
- The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Risk Analysis
Summary:
- The contract strengthens the execution pipeline, although its financial contribution will depend on timely project execution and milestone-based billing.
Key Risks:
- Revenue recognition will be linked to project milestones.
- Delays in execution could defer billing and cash flows.
- Operational challenges typical of infrastructure projects may affect timelines.
Worst Case:
- Material delays in project execution could postpone revenue recognition 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 Adhewada (Akwada) Subdivision of Bhavnagar Circle.
- The contract value is ₹58.25 crore (inclusive of taxes).
- The execution period is 18 months.
- The project includes engineering, procurement, installation, testing, GIS mapping, Geo Urja Mapping, and asset tagging activities.
Official Exchange Filing: Advait Energy
