Advait Energy Transitions Ltd is speeding up its growth into battery energy storage systems (BESS) and green hydrogen as part of a larger plan to move beyond traditional power transmission EPC projects. The company wants to play a bigger role in India’s shift to cleaner energy while also learning more about new clean energy technologies.
Battery Storage and Solar Projects
Under a 12-year build-own-operate concession from Gujarat Urja Vikas Nigam Ltd, the company has started work on its first 50 MWh battery energy storage project. This project is a big step toward building infrastructure for long-term storage. At the same time, Advait started work on a 100-MW solar EPC project at Khavda, Gujarat, and is moving forward with large-scale battery installations at Radhanpur.
Advait Greenergy Pvt Ltd, a subsidiary of Advait, has also finished a 1-MW green hydrogen plant in Gujarat and a 67.1-MWp ground-mounted solar project under an independent power producer model. This shows that Advait is becoming more involved in clean energy solutions.
Strengthening Partnerships and Domestic Capabilities
The company is working with companies around the world to build AEM and PEM electrolyser technologies and hydrogen storage systems. It has also signed a licensing agreement with AVL List GmbH in Austria to make fuel cells in India. A multi-integrated manufacturing facility is being built in Sanand, Gujarat. It is expected to start operations by the third quarter of FY27. It will increase capacity in power transmission, renewable energy, energy storage, and hydrogen systems.
Transmission Projects Continue
Alongside new energy ventures, Advait continues to secure traditional transmission EPC contracts, including a ₹216-crore project from Paschim Gujarat Vij Company Ltd for reconductoring 11-kV distribution lines.
Financial Performance
The company’s total revenue for the nine months ending December 31 was ₹486.33 crore, which is a 138% increase from the same time last year. The consolidated EBITDA rose 82% to ₹64.52 crore, and the profit after tax rose 90% to ₹36.50 crore. In the third quarter, revenue rose 114% year over year to ₹211.03 crore, and PAT rose 78% to ₹17.39 crore.
The company’s consolidated order book reached ₹1,048 crore, up 132% from a year ago, providing visibility for continued growth.
Managing Director Shalin Sheth said, “Government focus on renewable capacity, grid strengthening, and energy security provides strong long-term growth tailwinds.”
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