Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) has officially announced the receipt of a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL). The order involves the setting up of 150 MW / 300 MWh Standalone Battery Energy Storage Systems (BESS) in Gujarat. This project was awarded through a tariff-based competitive bidding process (Phase-VIII) and includes Viability Gap Funding supported via the Power System Development Fund (PSDF).

According to recent industry updates from 2025 and 2026, this win solidifies Advait’s position in the renewable energy sector. The project is a domestic contract to be executed within 18 months from the date of the Battery Energy Storage Purchase Agreement. The financial consideration for this contract is structured as a capacity charge of Rs 2,10,000 per MW per month, inclusive of taxes. This development aligns with the company’s strategic pivot toward high-growth “Energy Transition” segments like green hydrogen and advanced storage solutions.

Advait Energy Transitions is a diversified engineering player specializing in power transmission, substations, and OPGW (Optical Ground Wire) installations. Throughout 2025, the company has aggressively expanded its portfolio, securing various orders such as MVCC conductor projects for PGVCL and DGVCL, and turnkey solutions for Solar EPC. Notably, in early 2026, the company inaugurated a 30 MW alkaline electrolyzer assembly facility via its subsidiary, Advait Greenergy, marking a major step into the green hydrogen ecosystem. Their business model is transitioning from traditional power infrastructure to a leader in carbon offset management and green energy manufacturing.

For the quarter ended December 31, 2025 (Q3 FY26), the company reported an explosive growth in its financial performance. Consolidated revenue surged by 114.74% YoY to Rs 215.62 Crore, compared to Rs 100.41 Crore in the corresponding quarter of 2024. Net profit for the same period jumped 69.63% YoY to reach Rs 16.59 Crore. On a sequential (QoQ) basis, revenue rose by 35.64%, while net profit saw a significant 72.81% increase. While the company does not list a singular “celebrity” retail investor, it maintains a strong promoter holding of 66.8% as of December 2025, led by Managing Director Shalin Sheth, who holds a majority stake. Institutional interest is also growing, with Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) holding small but noted stakes in the company.