Advait Energy Transitions Share Price Surges as its Subsidiary Signs 150 MW/300 MWh BESS Agreement with GUVNL

Advait Energy Transitions Limited has announced that its subsidiary, Advait BESS Bhesaan Private Limited, has executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a standalone Battery Energy Storage System (BESS) project in Gujarat.  

The agreement marks a significant milestone for the company as it expands its presence in India's rapidly growing energy storage sector. 

150 MW/300 MWh Project Secured 

Under the agreement, Advait BESS Bhesaan Private Limited will develop, own and operate a standalone BESS project with a capacity of 150 MW/300 MWh near the 220kV Bhesan AIS substation of GETCO in Gujarat. The storage capacity will be made available to GUVNL on a long-term basis.  

The project was awarded through GUVNL's Phase-VIII tariff-based competitive bidding process and is supported by Viability Gap Funding (VGF) under the Power System Development Fund (PSDF).  

Long-Term Agreement With GUVNL 

According to the disclosure, the BESPA has been signed for a period of 12 years from the effective date of execution.  

The contract involves the deployment of a 150 MW/300 MWh standalone battery energy storage system, which will play a key role in strengthening grid reliability and supporting renewable energy integration.  

GUVNL is the awarding authority for the project, and the transaction does not involve any related-party arrangements.  

Read More: Advait Energy Transitions Share Price Surges; Signs MoU with TECO Fuel Cell Technology! 

Advait Energy Transitions Share Price Performance 

As of 03 June 2026, at 10:30 AM, Advait Energy Transitions share price is trading at ₹1,991.90 per share, reflecting a surge of 1.05% from the previous closing price. 

Conclusion 

The execution of the BESPA with GUVNL strengthens Advait Energy Transitions' position in the energy storage segment. The 150 MW/300 MWh project provides long-term revenue visibility and aligns with India's increasing focus on grid-scale battery storage infrastructure.  

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