Advait's Gujarat BESS assets reach 200 MW/400 MWh total

Advait Energy Transitions Limited reports a 200 megawatt (MW)/400 megawatt-hour (MWh) grid-scale battery energy storage system (BESS) asset portfolio for Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat. The portfolio combines a completed 50 MW/100 MWh Radhanpur project with an ongoing 150 MW/300 MWh project, supporting Advait’s stated move toward asset ownership alongside engineering, procurement and construction (EPC) and manufacturing.

What BESS assets does Advait have in Gujarat?

Advait has disclosed 200 MW/400 MWh of grid-scale BESS assets for GUVNL across Gujarat. The portfolio consists of a completed 50 MW/100 MWh installation at Radhanpur, Patan, and an ongoing 150 MW/300 MWh utility-scale project elsewhere in Gujarat.

The ongoing project is three times the power capacity and three times the energy capacity of the completed Radhanpur asset. Both projects use advanced lithium-ion batteries, although Advait specifies two cycles a day only for the completed 50 MW/100 MWh facility.

What has Advait completed at Radhanpur?

Advait has completed a 50 MW/100 MWh BESS project for GUVNL at Radhanpur in Patan, Gujarat. The project is located at the 220 kV Radhanpur substation, has 66 kV connectivity and uses advanced lithium-ion batteries configured for two cycles a day.

Advait says the Radhanpur project received viability gap funding, without disclosing the funding amount, project cost, tariff or commissioning date. The presentation identifies the facility as a landmark grid-scale BESS project and places it within the company’s asset-ownership platform.

The completed project also provides an operating example for the wider platform described on page 22 of the presentation. Advait says asset ownership can create operating references and bankability, while its EPC business can use a deployment record to pursue larger projects.

What is Advait developing in the 150 MW Gujarat project?

Advait is developing a 150 MW/300 MWh BESS project for GUVNL in Gujarat under a tariff-based competitive framework. The project has 220 kV-level connectivity at a GETCO substation in Gujarat and uses advanced lithium-ion batteries.

Advait says the 150 MW/300 MWh project is designed to support grid stability, renewable-energy integration and peak-demand management. Its 300 MWh energy capacity accounts for three quarters of the disclosed 400 MWh Gujarat portfolio, compared with 100 MWh at Radhanpur.

The presentation does not provide a completion date, capital expenditure, tariff, ownership share, payment terms or asset-level revenue expectation for the ongoing project. It makes a clear status distinction, however: the 50 MW/100 MWh project is marked completed and the 150 MW/300 MWh project is marked ongoing.

How does Advait's ownership platform connect with its other businesses?

Advait says its integrated asset-ownership platform includes BESS assets, solar-plus-storage hybrid assets, green hydrogen infrastructure and Renewable Energy Service Company (RESCO), or energy-as-a-service, arrangements. The platform sits alongside its power-transmission EPC, solar EPC, hydrogen and BESS project-execution activities.

Advait also lists manufacturing capabilities in OPGW/ACS, ERS, stringing tools, electrolysers, fuel cells and BESS. According to the presentation, the ownership model can create demand for electrolysers, BESS and integrated systems produced by its manufacturing business.

The manufacturing plan includes a proposed 2.5 gigawatt-hour annual-capacity BESS assembly facility in Gangad, Gujarat. Advait Battery Ecosystem Pvt. Ltd., a subsidiary of Advait Greenenergy Pvt. Ltd., signed a memorandum of understanding in Q2FY27 with HiTHIUM for supply of up to 1 gigawatt-hour of 314 ampere-hour lithium iron phosphate battery cells over 12 months.

What financial context does Advait report for its expansion?

Advait reported consolidated revenue of Rs 715 crore in FY26, up from Rs 399 crore in FY25, while operating earnings before interest, tax, depreciation and amortisation (EBITDA) rose to Rs 84 crore from Rs 51 crore. Consolidated profit after tax increased to Rs 55 crore in FY26 from Rs 31 crore in FY25.

For H1-FY27, Advait reported consolidated revenue of Rs 400 crore, operating EBITDA of Rs 57 crore and profit after tax of Rs 34 crore. Debt-to-equity was 0.86 times in H1-FY27, compared with 0.42 times in FY26 and 0.32 times in FY25; the presentation does not attribute that movement to the Gujarat BESS assets.

On a standalone basis, revenue from operations was Rs 170.1 crore in Q2FY27, compared with Rs 95.5 crore in Q2FY26, while EBITDA increased to Rs 28.1 crore from Rs 15.2 crore. Advait does not separately disclose revenue, costs, debt, depreciation or profitability for either the completed 50 MW/100 MWh BESS project or the ongoing 150 MW/300 MWh project.

Conclusion

Advait’s disclosed Gujarat strategy combines a completed 50 MW/100 MWh GUVNL BESS project with an ongoing 150 MW/300 MWh project, creating a stated 200 MW/400 MWh storage portfolio. The projects position battery storage within an operating model that links asset ownership with Advait’s EPC execution, BESS manufacturing and other energy-transition activities.

The next disclosed developments are progress on the 150 MW/300 MWh GUVNL project and the proposed 2.5 gigawatt-hour annual-capacity BESS assembly facility at Gangad, Gujarat. The presentation leaves the timing, tariff, project cost, ownership terms and asset-level financial contribution of the ongoing BESS project unresolved.