Advait Energy Transitions wins ₹116 crore EPC order

Order win: ₹116 crore domestic turnkey EPC contract

Advait Energy Transitions Limited said its material subsidiary, Advait Greenergy Private Limited, has secured a domestic turnkey EPC contract valued at ₹116 crore. The order has been awarded by KPI Green Energy Limited for setting up a 200 MW solar ground-mounted project in Rajasthan. The project is described as a Solar Ground Mounted HSAT 33 KV project. The development adds another large ticket item to Advait’s renewable EPC pipeline, which has seen multiple wins in recent months across solar and power transmission-linked projects.

The company also disclosed that the contract is an arm’s length transaction, and that there are no related party interests involved. The order was awarded on August 17, 2026, according to the details provided. For investors tracking execution and cash flow visibility, the order comes with a defined completion window, with commissioning planned over a 12-month timeline.

Project scope: design, supply, testing, commissioning

The EPC scope includes complete design, supplies, services, testing, and commissioning for the 200 MW plant. The work is expected to be executed over a 12-month period. The project is located in Bikaner, Rajasthan, which has been a key solar development belt due to high irradiation and availability of land for utility-scale installations.

The contract is positioned as a turnkey award, indicating responsibility across key engineering and delivery steps rather than a limited supply-only engagement. For Advait Greenergy, the order strengthens the subsidiary’s role within the group’s broader energy transition push, alongside the parent’s legacy positioning in power transmission and allied infrastructure solutions.

Location and timelines: Bikaner, Rajasthan; 12-month execution

As per the information shared, the solar project will be executed in Bikaner district in Rajasthan. The company has indicated a 12-month timeline for design-to-commissioning activities. Such timelines typically require coordinated procurement, site readiness, electrical works, and testing schedules, particularly for projects at the 200 MW scale.

The fact that the work includes testing and commissioning also places delivery and performance responsibilities on the EPC contractor. For investors, the timeline is a key variable because it influences quarterly execution milestones and the pace at which the order translates into revenue.

How this fits into recent order momentum

The ₹116 crore order follows other reported wins in the green energy and power transmission segment. The company cited a ₹24.88 crore ERS turnkey contract from GETCO in August 2026. It also referenced four PGVCL contracts worth ₹250.59 crore in July 2026.

Separately, the provided context also mentions Advait Energy Transitions securing two contracts totalling ₹134.25 crore, comprising individual contract values of ₹58.25 crore and ₹76.00 crore. Together, these data points indicate a busy order inflow period for the company across multiple end-customers and utilities.

Financial backdrop: Q1 FY27 revenue growth and order book

Advait Energy Transitions began FY27 with year-on-year growth in its consolidated revenue from operations. For the quarter ended June 30, 2026, revenue from operations rose to ₹179.27 crore from ₹118.43 crore a year earlier, reflecting a 51.4% increase.

The company’s unexecuted order book as of June 30, 2026 was ₹1,330.1 crore. This was stated to be up 97% year on year from ₹679.8 crore as of Q1 FY26. The company also participated in ERS supply tenders for GETCO, BSPTCL, and MPPTCL with a combined tender value of about ₹134 crore, and secured EPC orders from Gujarat DISCOMs aggregating about ₹256 crore.

Market snapshot: share price, market cap and trading range

Market data included in the context shows Advait Energy Transitions’ market capitalisation at ₹2,292.78 crore. It also notes the share price at ₹2,080.7, with a day high of ₹2,113 and a low of ₹2,063.8 in the cited snapshot. Another provided snapshot lists market cap at ₹2,382 crore, current price at ₹2,177, and a 52-week high/low of ₹2,486 and ₹1,321, along with a stock P/E of 41.2.

While these figures reflect different time-stamped snapshots, they provide a sense of the stock’s recent valuation and trading range around the period when multiple order updates were reported.

Key facts table

Company background: business lines and subsidiaries

Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) was established in 2009 and is headquartered in Gujarat. The company operates across power transmission, substations, and telecommunication infrastructure, and offers end-to-end solutions including turnkey projects and product installation. Its product portfolio includes OPGW, ACS wires, optical fibre cables, and emergency restoration systems, and it also undertakes EPC services for RDSS and HTLS re-conductoring projects.

In the broader clean energy build-out, the context also notes activity beyond solar EPC. This includes an off-taker MoU with HCGDBL for a 2,000 MTPA green hydrogen plant, and a Battery Energy Storage Purchase Agreement executed by subsidiary Advait BESS Bhesaan Private Limited with GUVNL for a 150 MW/300 MWh standalone BESS project near the 220kV Bhesan AIS sub-station in Gujarat, with the agreement dated June 1, 2026.

Market impact and why the order matters

The ₹116 crore solar EPC order contributes to revenue visibility by adding to the order pipeline, especially after the company reported strong year-on-year revenue growth in Q1 FY27. Alongside the disclosed unexecuted order book of ₹1,330.1 crore as of June 30, 2026, such wins help investors track how quickly orders could convert into execution.

The concentration of recent contract wins across solar EPC and utility-linked works also highlights the company’s positioning at the intersection of energy transition capex and grid infrastructure requirements. However, the pace of execution will remain central, since the contract timelines and commissioning schedules determine when invoicing and revenue recognition occur.

Conclusion

Advait Greenergy’s ₹116 crore EPC award from KPI Green Energy for a 200 MW solar project in Bikaner strengthens Advait Energy Transitions’ near-term project pipeline. The company has indicated a 12-month execution period and stated that the transaction is on an arm’s length basis with no related party interests. With a large disclosed unexecuted order book as of June 30, 2026, the next key monitorable will be project execution progress across the newly awarded solar project and other recently announced contracts.