Company Profile

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.

Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. 

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.

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.

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.

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.

The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% in the company.  

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.

Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.

JSW Infrastructure 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. 

Power Finance Corporation (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.

NTPC REL, a step-down subsidiary of NTPC 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.

Servotech Power Systems (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.

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. 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.

Max Healthcare Institute 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.

Shakti Pumps (India) 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).

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.

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. 

Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. 

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.

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.

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.

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. 

Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.