Advait Energy share price gained 1.5 percent in the early trade on January 9 after the company received Letter of Intent (LoI) from Gujarat Urja Vikas Nigam for 50 MW project.
At 09:33am, Advait Infratech Limited was quoting at Rs 1,552.00, up Rs 22.35, or 1.46 percent, on the BSE.
The company has received Letter of Intent (LOI) from Gujarat Urja Vikas Nigam for 50 MW/500 MWH out of the project for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support to be completed in 18 month.
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The company also received an order for supply, installation, testing & commissioning of conversion of line with DOG Conductor into equivalent HTLS Conductor (Equivalent weight of DOG Conductor with Higher Ampacity) of Surendranagar Circle for (1) 66KV Dhrangadhra (220KV) - Dhrangadhra Line (2) 66KV Viramgam - KANZ Line.
In December 2024, the company received an order for supply and installation of 24 F OPGW on turkey basis for 400 KV line from NRSS XXXI (B) transmission for 400 KV transmission line Kurukshetra- Malerkotla.
The share touched a 52-week high of Rs 2,260.00 and a 52-week low of Rs 825.25 on 19 July, 2024 and 11 January, 2024, respectively.
Currently, the stock is trading 31.33 percent below its 52-week high and 88.06 percent above its 52-week low.
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