Advait Infratech added 1.73% to Rs 1556.05 after the company announced that it has received letter of intent (LOI) from Gujarat Urja Vikas Nigam (GUVNL) for setting up battery energy storage system in Gujarat.
The contract awarded to Advait Infra is part of a larger initiative of GUVNL to install 500 MW/1000 MWh of standalone battery energy storage systems in Gujarat under tariff-based global competitive bidding (Phase-IV) with viability gap funding support.
The company would be responsible for the design, engineering, procurement, construction, and commissioning of the 50 MW/500 MWh system. The project awarded to Advait Infra has to be executed within a period of 18 months.
Advait Infratech is engaged in business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
The company's consolidated net profit declined 21.1% to Rs 4.3 crore on a 5.6% slide in net sales to Rs 46.19 crore in Q2 FY25 over Q2 FY24.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app