Mumbai, October 13 : Shares of Advait Energy Transitions Ltd surged over 2.7% in early trade on Monday after its subsidiary, Advait Greenergy Pvt. Ltd. (AGPL), entered into a Memorandum of Understanding (MoU) with the Government of Gujarat. The agreement, signed on October 10, 2025, during the Vibrant Gujarat Regional Conference held in Mehsana, marks a major step in the company’s renewable energy expansion strategy.
Stock Performance
At 11:30 AM, the stock was trading at ₹1,810.00, up by ₹48.40 or 2.75% from its previous close of ₹1,761.60 on the BSE. The scrip opened at ₹1,769.00 and touched an intraday high of ₹1,840.00 and a low of ₹1,769.00. Around 17,783 shares changed hands during the session.
The stock has a 52-week high of ₹2,419.00 (recorded on July 31, 2025) and a 52-week low of ₹1,020.00 (on March 17, 2025). The company’s current market capitalisation stands at ₹1,965.09 crore.
The promoters hold 67.45%, while institutional investors and non-institutional investors own 0.72% and 31.83%, respectively.
MoU Details
Under the MoU, Advait Greenergy plans to set up two green energy projects in Gujarat, with a combined investment of ₹1,450 crore. The Government of Gujarat will support AGPL in obtaining necessary permissions, approvals, and clearances under state regulations to facilitate the project rollout.
The collaboration aligns with Gujarat’s vision of boosting clean energy investments under the Vibrant Gujarat Initiative, aimed at promoting industrial development and sustainable energy generation in the state.
About the Company
Advait Energy Transitions Ltd (formerly known as Advait Infratech) provides products and solutions for power transmission, substation development, and telecommunication infrastructure. The company has recently diversified into the renewable energy segment, focusing on solar, green hydrogen, and grid modernization technologies.
The latest MoU reinforces Advait’s commitment to energy transition and sustainable infrastructure, positioning it as a key player in India’s evolving green energy ecosystem.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.