Advait Energy Transitions Confirmed as L1 Bidder for DGVCL Project Under VKY-2

Advait Energy Transitions Limited has been confirmed as the L1 (lowest) bidder for a turnkey power infrastructure contract issued by Dakshin Gujarat Vij Company Limited (DGVCL). The project falls under the Vanbandhu Kalyan Yojana-2 (VKY-2) scheme, which focuses on improving the electricity infrastructure in the tribal areas of Gujarat.

As of 9:40 AM on April 4, 2025, Advait Energy Transitions share price was trading at ₹1,235.10, up ₹95.05 (8.13%) for the day, though down 29.56% over the past 6 months and 5.69% over the past year.

Scope of Work

The contract includes the supply, installation, testing, and commissioning of 11 KV 55mm² AAAC Medium Voltage Covered Conductor (MVCC) and associated accessories. The total project will cover 580 circuit meter kilometers (CMK). Poles and related fabrications required for the project will be provided by DGVCL.

The work is to be executed and completed within a 15-month period from the date of commencement. No start date has been announced yet, as the Letter of Intent or Award is awaited.

Official Confirmation

In an exchange filing dated April 3, 2025, Advait Energy informed BSE that it had received confirmation as the L1 bidder. The company mentioned that further details as required under Regulation 30 of the SEBI (LODR) Regulations, 2015, will be disclosed in a separate announcement once the formal award or Letter of Intent is issued.

The execution of the project will be carried out within the jurisdiction area of DGVCL, which operates in the southern part of Gujarat.

Background on VKY-2

The Vanbandhu Kalyan Yojana-2 (VKY-2) is a state government scheme aimed at enhancing development infrastructure in tribal areas, including improvements in power distribution and reliability.

Conclusion

Advait Energy Transitions Limited will proceed with the project upon receiving the Letter of Intent. The project, once started, will span 15 months and will cover a length of 580 CMK with MVCC installation under the VKY-2 scheme.

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