40,000 Solar Pump Project Bagged by Small-Cap Multibagger Stock from Karnataka under PM Kusum Component B Scheme; Keep on Radar!
The project involves the design, development, deployment, and maintenance of a web-based online portal and mobile application to implement 40,000 off-grid solar pumps
The stock we’re discussing today has been a true multibagger, delivering an incredible return of 2,140.79 per cent in just three years. This remarkable performance has turned heads, and it’s likely to draw even more attention on Monday. Why? The company has secured a significant order under the PM KUSUM Component 'B' scheme.
The project involves the design, development, deployment, and maintenance of a web-based online portal and mobile application to implement 40,000 off-grid solar pumps in Karnataka. Along with this, the scope of work includes integrating cloud services, payment and SMS gateways, configuring remote monitoring systems (RMS) devices, and connecting with the Solar Energy Data Management (SEDM) portal. The company will also handle operations and maintenance for five years, making this a long-term engagement.
This development could bring further momentum to the stock, making it one to watch closely in the coming trading sessions.
Stock name is Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) has announced a significant milestone by bagging an order from the Karnataka Renewable Energy Development Limited (KREDL). This project is part of the PM KUSUM Component 'B' scheme, which aims to promote the use of renewable energy in rural areas.
Project Overview
The company will handle the following responsibilities:
- Development of a Digital Ecosystem: Design, develop, deploy, and maintain an advanced web-based online portal and mobile application tailored for managing off-grid solar pumps.
- Implementation of Solar Infrastructure: Oversee the integration and commissioning of 40,000 standalone solar pumps across Karnataka.
- Cloud and Gateway Integration: Set up cloud services, integrate payment and SMS gateways, and configure Remote Monitoring Systems (RMS) devices.
- Long-Term Operations and Maintenance (O&M): Ensure smooth functioning of the SCADA (Supervisory Control and Data Acquisition) platform for five years.
- Connection with National Systems: Collaborate with the SEDM (Solar Energy Data Management) portal for efficient system monitoring.
Key Details
- Awarding Entity: Karnataka Renewable Energy Development Limited (KREDL).
- Execution Timeline:
- Deployment and commissioning: 30 days to go live.
- Project execution: 1 year.
- O&M services: 5 years.
- Project Scope: Integration of 40,000 off-grid solar pumps with SCADA software under the PM KUSUM scheme.
- Order Type: Domestic.
Significance
This project aligns with India’s focus on expanding renewable energy infrastructure and increasing rural access to sustainable power solutions. The PM KUSUM scheme, a government-backed initiative, is instrumental in reducing carbon emissions and promoting the adoption of solar energy in agriculture.
Advait Energy Transitions Limited’s commitment to innovation and sustainability ensures its role as a pivotal player in India's renewable energy landscape.
Disclaimer: The article is for informational purposes only and not investment advice.