Overview
- Kedia Securities Pvt. purchased 100,000 shares at Rs 1,725 apiece for a total of Rs 17.25 crore, securing a 0.92% equity stake in Advait Energy Transition Ltd.
- Advait Energy’s stock hit the 20% upper circuit limit at Rs 1,996, a 10-month high, and later traded 13.92% higher at Rs 1,894.90 on the BSE.
- In Q4 FY25, the company reported a 78.15% rise in consolidated net profit to Rs 12.88 crore and a 224.86% increase in total income to Rs 198.52 crore.
- Advait Energy Transition, based in Ahmedabad, provides power transmission, substation and telecom infrastructure services and has diversified into electrolysers, fuel cell systems, hydrogen refuelling stations and battery energy storage.
- With a presence in over 45 countries and more than 400 completed projects, the firm is positioned to benefit from India’s planned fivefold expansion of grid infrastructure for large-scale renewable energy installations.