6,400 per cent returns and Rs 2,095 crore order book: This multibagger power sector stock bags new order worth Rs 72.69 crore for 30 MW solar power project!
Shares of the company gained more than 130 per cent in the last six months.
Advait Infratech's subsidiary, Advait Greenergy, has secured LOIs worth Rs. 72.69 crore from KP Group. The projects include a 30 MW solar power project in Khavda, Gujarat (Rs. 59 crore) and a 1 MW green hydrogen plant in Matar (Rs. 13.69 crore). Advait Greenergy will handle the design, engineering, procurement, testing, and commissioning for both projects. The solar project is expected to be completed in 9 months, while the green hydrogen plant will be finished within 8 months. These projects highlight Advait Greenergy's growing presence in the renewable energy sector.
Recently, Advait Infratech has secured a letter of intent for a substantial turnkey project valued at Rs. 158.9 crore in Gujarat. This project involves the installation of a new 11kV medium voltage covered conductor (AL59 ACS) infrastructure across the state. This includes engineering, procurement of all necessary materials, transportation, installation, testing, and commissioning.
Advait Infratech Limited is engaged in business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. It operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, and providing end to end solutions for the overseas. The stock has delivered multibagger returns of over 6,400 per cent in the last three years. The company has an order book worth Rs 2,095 crore.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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