Advait Energy Transitions Ltd — Important, 31-03-2026: Company Update

Advait Energy Transitions has secured a Letter of Intent from Gujarat Urja Vikas Nigam Limited (GUVNL) to set up 150MW/300MWh Standalone Battery Energy Storage Systems (BESS) in Gujarat. This significant domestic project, awarded under a tariff-based competitive bidding process, will be executed within 18 months from the Battery Energy Storage Purchase Agreement date. The company will receive Rs 0.021 Cr per MW per month, inclusive of taxes, for this venture. This order highlights Advait's growing role in India's renewable energy infrastructure.