Advait Energy Wins Bid for Power Grid’s OPGW Supply and Installation Project

Advait Energy Transitions Ltd, today, on March 25, 2025, confirmed that it has emerged as the L1 (lowest) bidder for the OPGW-04 package floated by Power Grid Corporation of India Ltd (PGCIL). 

The contract involves the supply and installation of Optical Ground Wire (OPGW) and communication equipment across various transmission lines in India.

The project falls under PGCIL’s bulk implementation scheme, which covers both supply and erection work for communication infrastructure. 

Separate Disclosure Expected

While the company has not yet received the official Letter of Intent (LoI), it has disclosed its successful L1 status through a formal intimation to the Bombay Stock Exchange.

Advait Energy stated that additional information required under SEBI Regulation 30, as well as other relevant details, will be disclosed through a separate announcement once the LoI or award is formally received from PGCIL.

Earlier Project in Battery Storage

Earlier in January 2025, Advait Energy announced that it had received a Letter of Intent from Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 50 MW/500 MWh standalone Battery Energy Storage System (BESS) project. This segment is part of a larger 500 MW/1000 MWh project under Phase IV of GUVNL’s tariff-based global competitive bidding process.

The 50 MW capacity awarded to Advait will be developed with viability gap funding support and is scheduled to be completed within 18 months. The project aims to improve energy storage infrastructure in Gujarat.

Market Performance

As of 12:20 PM on March 26, 2025, shares of Advait Energy Transitions share price were trading at ₹1,189.95, up ₹24.10 or 2.07% for the day, but down 5.03% over the past month and 35.55% over the past six months.

Conclusion

Advait Energy has confirmed its status as L1 bidder for a nationwide OPGW installation project under Power Grid’s bulk implementation scheme. It is also progressing with a battery energy storage system project in Gujarat, awarded earlier this year.

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