Synopsis: Advait Energy Transitions Limited emerged as the L1 bidder for RDSS projects worth about ₹245 crore from PGVCL, covering five Gujarat regions, strengthening its position in power distribution and transmission infrastructure.
This Ashish Kacholia stock, engaged in power transmission solutions, stringing tools, OPGW/ACS wires, live-line installations, telecom projects, and green hydrogen technologies across India, jumped 2.78 percent after receiving an order worth Rs. 245 crore from Paschim Gujarat Vij Company.
With a market capitalization of Rs. 1,555.32 crores, the share of Advait Energy Transitions Limited has reached an intraday high of Rs. 1,477.60 per equity share, rising nearly 2.78 percent from its previous day’s close price of Rs. 1,437.60. Since then, the stock has retreated and closed at Rs. 1,422.10 per equity share.
What is the News?
Advait Energy Transitions Limited has received confirmation as the L1 (lowest) bidder under the RDSS scheme from Paschim Gujarat Vij Company Limited (PGVCL). The project involves the supply, installation, testing, and commissioning of 11 KV Medium Voltage Covered Conductors.
The bid covers five different areas in Gujarat with a combined project value of around Rs. 245 crore, including taxes. The area-wise values include Morbi at Rs. 55.14 crore, Bhavnagar at Rs. 53.84 crore, Rajkot Rural Circle at Rs. 54.08 crore, Amreli at Rs. 44.48 crore, and Surendranagar at Rs. 37.78 crore. These projects are aimed at strengthening power distribution infrastructure under the RDSS scheme.
The company will be made separately once the formal Letter of Intent or Award is received. This development highlights Advait Energy Transitions’ growing presence in power transmission projects.
Order Book
Advait Energy Transitions Limited has reported one of the fastest-growing order books in its segment. As of 30 September 2025, the company’s total order book stood at Rs. 1,070 crore. Of this, about 76 percent comes from the Power Transmission Solutions (PTS) division, while the remaining 24 percent is contributed by the New and Renewable Energy (NRE) division, reflecting a well-diversified business mix.
The order book has shown sharp growth over recent years and increased from Rs. 386.9 crore in Q2 FY25 to Rs. 757.4 crore in Q1 FY26 and further to Rs. 1,070.2 crore in Q2 FY26, marking a strong 177 percent year-on-year rise.
Over the longer term, the order book value has grown from Rs. 70.9 crore in FY22 to Rs. 503.8 crore in FY25, translating into a robust CAGR of around 92 percent, providing strong revenue visibility ahead.
Company Overview
Advait Energy Transitions Limited was established in 2009 and is headquartered in Ahmedabad, India. The company focuses on power transmission, substation infrastructure, and telecommunication solutions.
The company engages in manufacturing stringing tools, ACS wires, OPGW operations, and emergency restoration systems (ERS). It provides turnkey telecom projects, live-line installations, and end-to-end EPC services for power and telecom networks.
Shareholding Pattern
In December 2025, Advait Energy Transitions Limited had a majority stake held by the promoters at 66.81 percent, domestic institutional investors at 0.57 percent, and the public at 32.63 percent. Ace investor Ashish Kacholia holds a 2.1 percent stake in Advait Energy Transitions Limited, valued at Rs. 32 crores, consisting of 2,25,000 shares.
Recent Quarter Results
Coming into financial highlights, Advait Energy Transitions Limited’s revenue has increased from Rs. 46 crore in Q2 FY25 to Rs. 157 crore in Q2 FY26, which has grown by 241.30 percent. The net profit has also grown by 175 percent from Rs. 4 crore in Q2 FY25 to Rs. 11 crore in Q2 FY26. Advait Energy Transitions Limited’s revenue and net profit have grown at a CAGR of 54.72 percent and 100 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 26.9 percent and 22.5 percent, respectively. Advait Energy Transitions Limited has an earnings per share (EPS) of Rs. 36.9, and its debt-to-equity ratio is 0.27x.
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