ADVAIT INFRATECH LTD.
NSE : NABSE : 543230ISIN
CODE : INE0ALI01010Industry : Engineering - Industrial EquipmentsHouse
: Private
BSE1387.40-2.15 (-0.15 % )
PREV CLOSE (Rs.) 1389.55
OPEN PRICE (Rs.) 1400.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 5926
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE
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Company News
| Date | Heading | Details |
|---|---|---|
| 19-Mar-2024 | Advait Infratech bags two orders worth Rs 36.64 crore | <p style="text-align: justify;">Advait Infratech has received two orders for conversion of Overhead 11kV HT Line Network into Underground Cabling along with Equipment and Accessories on a turnkey basis on March 11, 2024 worth Rs 36.64 crore from Uttar Gujarat Vij Company (UGVCL) a group company of GUVNL.</p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. </p><div style="text-align: justify;"><br></div> |
| 19-Mar-2024 | Advait Infratech soars on bagging two orders worth Rs 36.64 crore | <p style="text-align: justify;">Advait Infratech is currently trading at Rs. 1250.00, up by 40.15 points or 3.32% from its previous closing of Rs. 1209.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1270.20 and has touched a high and low of Rs. 1270.30 and Rs. 1225.00 respectively. So far 3931 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1618.00 on 26-Feb-2024 and a 52 week low of Rs. 210.20 on 21-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1270.30 and Rs. 1139.00 respectively. The current market cap of the company is Rs. 1282.91 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% in the company. </p><p style="text-align: justify;">Advait Infratech has received two orders for conversion of Overhead 11kV HT Line Network into Underground Cabling along with Equipment and Accessories on a turnkey basis on March 11, 2024 worth Rs 36.64 crore from Uttar Gujarat Vij Company (UGVCL) a group company of GUVNL.</p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.</p><div style="text-align: justify;"><br></div> |
| 26-Feb-2024 | JSW Infrastructure, PFC and NTPC to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">JSW Infrastructure </span>has received Letter of Award (LoA) from V.O. Chidambaranar Port Authority for Mechanization of North Cargo Berth-III (NCB-III) for Handling Dry Bulk cargo at V.O. Chidambaranar Port on Design, Build, Finance, Operate and Transfer (DBFOT) Basis through PPP basis. The terms and conditions awarded will be as per the draft Concession Agreement and its amendments submitted along with the bid. </p><p style="text-align: justify;"><span style="font-weight: bold;">Power Finance Corporation</span> (PFC) has become the first government firm to collaborate with SACE, an Italian export credit agency, to boost the cooperation between the two countries. PFC is partnering with SACE for an innovative ECA-backed financing facility under its 'Push Strategy' initiative. This proposed partnership will position PFC as the first government-owned entity in India to partner with SACE under this initiative.</p><p style="text-align: justify;">NTPC REL, a step-down subsidiary of <span style="font-weight: bold;">NTPC </span>through its wholly owned subsidiary NTPC Green Energy, has commenced Commercial Operation of first part capacity of 70 MW out of 150 MW Chhattargarh Solar PV Project in Bikaner, Rajasthan with effect from February 21, 2024, consequent upon successful commissioning and due approvals. With this, installed and commercial capacity of NTPC Group has become 73958 MW.</p><p style="text-align: justify;"><span style="font-weight: bold;">Servotech Power Systems </span>(SPSL) has bagged a significant order for nearly 1500 DC fast EV chargers from Hindustan Petroleum Corporation (HPCL) and other EV charger OEMs. The order is valued at Rs 102 crore and involves two charger variants of 60 kW and 120 kW.</p><p style="text-align: justify;"><span style="font-weight: bold;">Advait Infratech</span> (AIL) has signed Memorandum of Understanding (MoU) with Carbon Technology Energy (CTE). This collaboration is poised to revolutionize the fuel cell and electrolyser industry through innovative advancements. The primary focus of collaboration is the development of a prototype fuel cell utilizing carbon-based plates, a departure from the conventional bimetallic or graphite plates. This pioneering initiative has been initiated after thorough discussions and mutual agreement, reflecting the company's shared commitment to harnessing technical expertise for the creation of energy-efficient solutions.</p><p style="text-align: justify;"><span style="font-weight: bold;">Max Healthcare Institute</span> has received approval for acquisition of land parcel allotted through e-auction admeasuring around 21,946 Sq. meter, on freehold basis, located in Lucknow, Uttar Pradesh (Land Parcel) for an amount of around Rs 167 crore (including stamp duty), upon successful bid by the company. The aforesaid Land Parcel has potential to develop around 500 bedded Hospital with a built-up area of 8 lakh Sq. feet.</p><p style="text-align: justify;"><span style="font-weight: bold;">Shakti Pumps (India)</span> has received third work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for supply, installation and commissioning of solar water pumping systems. The total amount of the work order is for around Rs 84.30 crore (inclusive of GST).</p> |
| 24-Feb-2024 | Advait Infratech enters into new business vertical IT/IOT | <p style="text-align: justify;">Advait Infratech has entered into a new business vertical IT/IOT. Under this segment, the company has entered into a contract of providing Configuration of devices with providing SCADA Software License, Deployment, integration and Go live services for each remote monitoring system as well as integration with existing State Level Portal & National Level Portal of PM-KUSUM scheme Component- B with 5 years Operations and maintenance contract as well as software maintenance & updation of State level portal of worth Rs 2.89 crore.</p><p style="text-align: justify;">With the above, the company, marking its entry into the IT/IOT domain, will undertake the development of software and the integration of solar pump devices/smart meters for real-time data monitoring and fault management. </p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. </p><div style="text-align: justify;"><br></div> |
| 24-Feb-2024 | Advait Infratech signs MoU with Carbon Technology Energy | <p style="text-align: justify;">Advait Infratech (AIL) has signed Memorandum of Understanding (MoU) with Carbon Technology Energy (CTE). This collaboration is poised to revolutionize the fuel cell and electrolyser industry through innovative advancements.</p><p style="text-align: justify;">The primary focus of collaboration is the development of a prototype fuel cell utilizing carbon-based plates, a departure from the conventional bimetallic or graphite plates. This pioneering initiative has been initiated after thorough discussions and mutual agreement, reflecting the company's shared commitment to harnessing technical expertise for the creation of energy-efficient solutions.</p><p style="text-align: justify;">In the initial phase, CTE and AIL will join forces to create a prototype fuel cell. The success of this prototype will serve as a foundation for subsequent development and manufacturing endeavors. The envisaged product range under this collaboration encompasses stacks of carbon-based plates for fuel cells, electrolysers, and advanced electrolysers.</p><p style="text-align: justify;">CTE will contribute its extensive expertise in the development of carbon-based plate solutions and a scalable business model. On the other hand, AlL will provide detailed designs and specifications for fuel cells and electrolysers, emphasizing the optimization of carbon-based plate stack distribution. </p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. </p><div style="text-align: justify;"><br></div> |
| 24-Feb-2024 | Advait Infratech informs about MoU | <div>Advait Infratech has informed that it enclosed intimation under regulation 30 of SEBI (LODR), 2015 for Signing of Memorandum of Understanding between Carbon Technology Energy (CTE) and Advait Infratech (AIL).</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div> |
| 14-Feb-2024 | Advait Infratech touches roof as its arm bags LoA for setting up manufacturing capacity of Electrolyser in India | <p style="text-align: justify;">Advait Infratech is currently trading at upper limit of Rs. 1442.40, up by 131.10 points or 10.00% from its previous closing of Rs. 1311.30 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1311.10 and has touched a high and low of Rs. 1442.40 and Rs. 1205.60 respectively. So far 53835 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1442.40 on 14-Feb-2024 and a 52 week low of Rs. 206.10 on 16-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1442.40 and Rs. 1049.95 respectively. The current market cap of the company is Rs. 1466.76 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 73.53% while Non-Institutions held 26.47% stake in the company.</p><p style="text-align: justify;">Advait Infratech's wholly-owned subsidiary -- Advait Greenery has been awarded the Letter of Award (LoA) for setting up manufacturing capacities for Electrolysers in India, with an annual capacity of 100MW, under SIGHT Scheme (Tranche - 1) of the Ministry of New and Renewable Energy.</p><p style="text-align: justify;">The terms and conditions outlined in the LoA will be diligently adhered to throughout the execution of the project. The company is committed to achieving the specified manufacturing capacity within the stipulated timeline of 30 months, with the project commencement date set at August 09, 2026. </p><p style="text-align: justify;">Furthermore, the company's subsidiary will be eligible for an incentive benefit of Rs 148 crore over the project 5 period post commissioning the project. This incentive aims to facilitate and support the successful establishment of the manufacturing capacities, contributing to the growth of renewable energy in the country. </p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.</p> |
| 14-Feb-2024 | Bharat Electronics, L&T Technology Services and Lupin to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Bharat Electronics</span> (BEL) has received order worth Rs 2282.06 crore. Out of which, the company has received a order for a value of Rs 2,167.47 crore plus taxes from Indian Navy on February 13, 2024 for the supply of state of the art indigenously designed and developed EW suite for use on-board warship. This EW suite is a big leap towards the Aatmanirbhar Bharat initiative of BEL.</p><p style="text-align: justify;"><span style="font-weight: bold;">L&T Technology Services (</span>LTTS) has entered into strategic partnership with BlackBerry, the trusted security software and services company. The collaboration is set to leverage the BlackBerry QNX suite of automotive software solutions and enable the development of innovative Software Defined Vehicles (SDVs) for global Original Equipment Manufacturers (OEMs). The partnership sees LTTS integrating cutting-edge BlackBerry technologies - including QNX Neutrino OS, QNX OS for Safety, QNX Hypervisor, BlackBerry IVY vehicle data platform, and QNX acoustics middleware - into its service offerings. This will help expedite product time-to-market while ensuring safe and secure mission-critical solutions. </p><p style="text-align: justify;"><span style="font-weight: bold;">Lupin</span> has launched Bromfenac Ophthalmic Solution, 0.075%, after having received an approval from the United States Food and Drug Administration (U.S. FDA). Bromfenac Ophthalmic Solution, 0.075% is a generic equivalent of BromSite Ophthalmic Solution, 0.075%, of Sun Pharmaceutical Industries. It is indicated for the treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery. Bromfenac Ophthalmic Solution 0.075% (RLD BromSite) had estimated annual sales of $15 million in the U.S. (IQVIA MAT December 2023).</p><p style="text-align: justify;"><span style="font-weight: bold;">Infosys</span> has entered into strategic collaboration with Pacific International Lines (PIL), a leading Singapore-based shipping company with strong networks in Asia, Africa, Middle East, Latin America and Oceania. This collaboration aims to accelerate PIL's digital transformation initiative and create a positive impact for their key stakeholders across the shipping and logistics ecosystem.</p><p style="text-align: justify;"><span style="font-weight: bold;">Soma Textiles & Industries </span>has entered into agreement to sale of its freehold land bearing Plot No. 78 paiki admeasuring 9928 sq. Mtrs of Town planning Scheme No 10 of Mouje Village, Rakhial, Teluka maninagar, Ahmedabad, Gujarat. The company has entered into agreement on February 12, 2024. </p><p style="text-align: justify;"><span style="font-weight: bold;">Firstsource Solutions</span> has incorporated a new wholly owned subsidiary in Australia by the name of ‘Firstsource Solutions Australia Pty'. The said wholly owned subsidiary company was incorporated on February 13, 2024. The object of incorporation of this wholly owned subsidiary is to expand BPO business in Australia.</p><p style="text-align: justify;"><span style="font-weight: bold;">Advait Infratech's </span>wholly-owned subsidiary -- Advait Greenery has been awarded the Letter of Award (LoA) for setting up manufacturing capacities for Electrolysers in India, with an annual capacity of 100MW, under SIGHT Scheme (Tranche - 1) of the Ministry of New and Renewable Energy. The terms and conditions outlined in the LoA will be diligently adhered to throughout the execution of the project. The company is committed to achieving the specified manufacturing capacity within the stipulated timeline of 30 months, with the project commencement date set at August 09, 2026. </p> |
| 13-Feb-2024 | Advait Infratech's arm bags LoA for setting up manufacturing capacity of Electrolyser in India | <p style="text-align: justify;">Advait Infratech's wholly-owned subsidiary -- Advait Greenery has been awarded the Letter of Award (LoA) for setting up manufacturing capacities for Electrolysers in India, with an annual capacity of 100MW, under SIGHT Scheme (Tranche - 1) of the Ministry of New and Renewable Energy.</p><p style="text-align: justify;">The terms and conditions outlined in the LoA will be diligently adhered to throughout the execution of the project. The company is committed to achieving the specified manufacturing capacity within the stipulated timeline of 30 months, with the project commencement date set at August 09, 2026. </p><p style="text-align: justify;">Furthermore, the company's subsidiary will be eligible for an incentive benefit of Rs 148 crore over the project 5 period post commissioning the project. This incentive aims to facilitate and support the successful establishment of the manufacturing capacities, contributing to the growth of renewable energy in the country. </p><p style="text-align: justify;">Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. </p><div style="text-align: justify;"><br></div> |
| 12-Feb-2024 | Advait Infratech informs about board meeting | <p style="text-align: justify;">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Advait Infratech has informed that the Board of Directors (Board) of the Company at its meeting held on Monday 12th February, 2024, the registered office of the Company will be shifting within the local limits of Ahmedabad from A/801-A/803, Sankalp Iconic Tower, Nr. Iskon Cross Roads Bopal - Ambli Road, SG Highway, Ahmedabad, Gujarat 380054 to 1st Floor, KIFS Corporate House, Iskcon Ambli Road, Beside Hotel Planet Landmark, Near Ashok Vatika, Ambli, Ahmedabad - 380058 with effect from 15th February, 2024.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
