Shares of Advait Energy saw a 1.5% rise in early trading on January 9 after the company secured a significant Letter of Intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for a 50 MW battery storage project.
On the BSE, Advait Infratech Limited was trading at Rs 1,552.00 at 09:33 AM, up by Rs 22.35 or 1.46%.
LoI is part of GUVNL’s larger tender for the development of a 500 MW/1000 MWh Standalone Battery Energy Storage System in Gujarat through Tariff-Based Global Competitive Bidding (Phase IV) with Viability Gap Funding. Advait will execute its share of 50 MW/500 MWh therein within a period of 18 months.
Recently, Advait also received a new order for a work contract assigned to it being supply, installation, testing and commissioning job of High tension conductor up-gradation work at Suren Drajanagar Circle of UGVCL at Surendra Nagar alongwith 66KV Dhranga Dhara [220 KV)- Dhrangadhra L/c and D / C at C O D -& 66kV Viram gam. Kanz at C o.D End. The company received an order to supply and install 24 F OPGW on a turnkey basis for the 400 KV transmission line between Kurukshetra and Malerkotla under NRSS XXXI (B) transmission in December 2024.
Within the last 52 weeks, while the high price of Advait Energy was Rs 2,260.00 on July 19, 2024, the low price was Rs 825.25 on January 11, 2024.
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Source: Moneycontrol
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