Advait Energy shines as its arm executes BESPA to develop standalone BESS project in Gujarat
Advait Energy Transitions is currently trading at Rs. 2026.05, up by 54.85 points or 2.78% from its previous closing of Rs. 1971.20 on the BSE.
The scrip opened at Rs. 2015.05 and has touched a high and low of Rs. 2034.85 and Rs. 1995.00 respectively. So far 2471 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2419.00 on 31-Jul-2025 and a 52 week low of Rs. 1321.05 on 16-Jan-2026.
Last one week high and low of the scrip stood at Rs. 2202.60 and Rs. 1,810.65 respectively. The current market cap of the company is Rs. 2210.38 crore.
The promoters holding in the company stood at 66.80%, while Institutions and Non-Institutions held 0.34% and 32.85% respectively.
Advait Energy Transitions’ subsidiary -- Advait BESS Bhesaan has executed the Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam (GUVNL) for development of Standalone Battery Energy Storage System (BESS) Project having an aggregate capacity of 150 MW/ 300 MWh, on June 1, 2026.
The BESPA has been executed pursuant to the tariff-based competitive bidding process conducted by GUVNL under Phase-VIII, supported by Viability Gap Funding (VGF) through the Power System Development Fund (PSDF).
Under the terms of the BESPA, Advait BESS Bhesaan will develop, own and operate the Standalone BESS Project in the vicinity of 220kV Bhesan AIS S/S (150 MW/ 300 MWh) substation of GETCO, in the State of Gujarat and make the contracted battery energy storage capacity available to GUVNL on a long-term basis.
