Advait Energy Wins ₹75.56 Crore Turnkey Contract from PGVCL
Advait Energy Transitions Limited secured a turnkey contract worth ₹75.56 crore from PGVCL for converting LT lines to underground cables. The project, to be completed in 18 months, includes survey, design, procurement, and commissioning.
The order value of ₹75.56 crore is significant and will contribute to the company's revenue, impacting its financial performance.
The company has secured a new order, which is a positive development for its business and revenue prospects.
Advait Energy Transitions Limited has announced the receipt of a significant turnkey contract from Paschim Gujarat Vij Company Ltd (PGVCL). The order, valued at ₹75.56 crore (Rupees Seventy-Five Crore Fifty Six Lakh Thirty Thousand Four Hundred Eleven) inclusive of taxes, is for the conversion of the existing 11 kV HT & LT line network into an underground cable network at Udyognagar, Porbandar Circle, under PGVCL (Package 61).
The scope of the turnkey contract includes site survey, designing, engineering, procurement, supply, transportation, installation, testing, and commissioning of all necessary materials. The project also involves GIS mapping, Geo Urja mapping developed by GUVNL, and asset tagging.
This contract is to be executed within a period of 18 months. The company received this order in the normal course of its business.
What to do with a filing like this
Advait Energy Transitions Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Advait Energy Transitions Limited. Read the original for the full detail.