Advait Energy Transitions

What Advait Energy Transitions does

Advait Energy Transitions Limited is an Ahmedabad-headquartered, publicly listed (BSE:543230) power transmission and renewable energy infrastructure company founded in 2009. It operates two core divisions. The Power Transmission Solutions division manufactures Optical Ground Wire (OPGW) cables, Aluminium Clad Steel (ACS) wires with 1,700+ MPa tensile strength, glass disc and composite insulators, and Emergency Restoration Systems (ERS) licensed from CSIR-SERC at a 70,000 sq.ft. facility in Kadi, Gujarat. It also executes live-line OPGW installations on energized lines from 132 kV to 765 kV, completing 25,000+ km across diverse terrains including 12,000 ft deployments in Ladakh. The New & Renewable Energy division holds a 300 MW SECI Production Linked Incentive allocation (100 MW Tranche I + 200 MW Tranche II) for alkaline electrolysers, manufactured at a 30 MW Phase 1 facility inaugurated in March 2026 by subsidiary Advait Greenergy Private Limited. It also provides Battery Energy Storage Systems, hydrogen refuelling stations, solar EPC, and carbon credit consultancy managing 1.4 million credits across 40+ projects.

The company's go-to-market is enterprise field sales via competitive bidding on government tenders, supplemented by subcontracting with EPC contractors and direct export sales to 45+ countries under IEC, ASTM, ANSI, and GOST standards. Revenue is generated through hardware sales of manufactured components, EPC services recognized on a percentage-of-completion basis, and emerging streams from electrolyser manufacturing, BESS project development (e.g., 150 MW/300 MWh GUVNL BESPA, June 2026), and carbon credit advisory. The customer base is concentrated in Indian state-owned utilities (PGCIL, GETCO, PGVCL, DGVCL, MSETCL, PTCUL, GUVNL, THDCIL, DMER Maharashtra) and large EPC contractors (Tata Projects, KEC International, Sterlite Power, Adani Group, KP Green). Strategic technology alliances include CSIR-SERC for EPRS, Guofu Hydrogen for electrolysers, TG (China) JV for OPGW/OFC, and a May 2026 partnership with Norway's TECO Fuel Cell Technology AS and Austria's AVL List GmbH for hydrogen fuel cell manufacturing.

In FY26, Advait reported consolidated revenue of ₹714.52 crore (up 79.68% YoY) and net profit of ₹51.72 crore (up 67.22% YoY), with an order book of ₹1,048 crore (up 177% YoY) as of April 2026. As of June 2026, promoter Shalin Sheth holds 60.34% of equity post a realignment transaction, the company has 101-250 employees, and market capitalization is approximately ₹2,077-2,139 crore. Vijay Kedia acquired a 1.1-1.2% stake in Q3 FY26.

Name

Advait Energy Transitions

Legal name

Advait Energy Transitions Limited

Website

https://advaitgroup.co.in

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Advait Energy Transitions Limited manufactures power transmission components (OPGW, ACS, ERS) and provides renewable energy solutions including electrolysers, BESS, and green hydrogen EPC. The Ahmedabad-based company serves Indian state utilities, EPC contractors, and exports to 45+ countries.

Ownership category

akta.pro rank

Product category

Power Transmission & Renewable Energy Equipment

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211), Current-Carrying Wiring Device Manufacturing (335931)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

akta.pro secondary industries

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), EHV/HVDC converter station & FACTS EPC integration services (EUADAKAL), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE)

Keywords

• Power transmission equipment
• Green hydrogen electrolysers
• Battery energy storage systems
• OPGW cable manufacturing
• Renewable energy EPC

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Power Transmission Manufacturing & Supply: Manufacturing and supply of OPGW cables, ACS wires, stringing tools, ERS systems, insulators, and related transmission infrastructure components. Revenue recognized upon delivery of equipment to customers. Exports to 45+ countries globally with IEC, ASTM, ANSI, and GOST compliance.
2. EPC (Engineering, Procurement & Construction) Services: Turnkey project execution for power transmission lines, substations, telecommunication networks, live-line OPGW installations, solar EPC, and green hydrogen plants. Revenue recognized over time using percentage-of-completion method. Projects include high-altitude OPGW installations (235 km at 12,000 ft), 30 MWp solar EPC at Khavda, and 1 MW green hydrogen plant for KP Green Hydrogen.
3. Electrolyser Manufacturing (Green Hydrogen): Alkaline electrolyser stack and balance-of-plant manufacturing under PLI scheme allocations (300 MW total capacity). Includes EPC of green hydrogen production facilities. Q1 2027 production target for stationary power systems targeting data centers.
4. Battery Energy Storage Systems (BESS): BESS project development, EPC, and operation including standalone grid-scale storage and solar-plus-storage hybrids. Won 50 MW/100 MWh GUVNL project under Phase IV with VGF support. Strategic target of 1 GW BESS capacity over 5 years.
5. Sustainability & Carbon Services: Carbon credit consultancy including project registration, validation, verification, issuance, and trading across VERRA, Gold Standard, CDM, GCC, and UCR platforms. IREC facilitation and decarbonization strategy advisory. Currently managing 1.4 million carbon credits.
6. Hydrogen Refuelling Station Operations: Design, engineering, supply, installation, and commissioning of hydrogen refuelling stations for mobility applications. Targeting data centre backup power (Q1 2027), heavy-duty transport (Q1 2028), and maritime applications.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Advait Energy Transitions manufactures and supplies power transmission components (OPGW cables, ACS wires, Emergency Restoration Systems, stringing tools, insulators) and executes turnkey EPC projects for utilities, while also delivering renewable energy systems including alkaline electrolysers for green hydrogen production, Battery Energy Storage Systems, hydrogen refuelling stations, and solar EPC. The company provides carbon credit consultancy services across VERRA, Gold Standard, and CDM platforms and supplies products to customers in 45+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• OPGW (Optical Ground Wire) Cables Optical Ground Wire cables combining lightning protection and fiber optic communication in a single overhead conductor for power transmission utilities. Used by PGCIL, GETCO, state DISCOMs, and telecom operators for transmission line communication backbones at 132 kV to 765 kV voltages.
• ACS (Aluminium Clad Steel) Wire Metallurgically bonded aluminium-clad steel wire with 1700+ MPa tensile strength manufactured at the Kadi facility with 14+1 high-speed stranding lines producing 8,000+ km annually. Supplied to utilities and EPC contractors for transmission line construction.
• Emergency Restoration System (ERS / EPRS) India's first indigenous Emergency Power Restoration System licensed from CSIR-SERC, enabling rapid grid restoration after transmission tower damage without shutdown. Lighter and more cost-effective than US/Canadian alternatives. Deployed at MSETCL and other Indian utilities.
• Stringing Tools Proprietary stringing tools manufactured in-house at the Kadi facility, enabling OPGW installation on live transmission lines (132 kV to 765 kV) without power outages. OEM-manufactured and exported globally.
• Glass Disc Insulators Glass disc insulators for power transmission lines, supplied to utilities and EPC contractors. Part of the company's transmission supply portfolio that grew to 30% market share by 2012.
• Porcelain and Composite Insulators Porcelain and composite insulators for power transmission applications, supplied to utilities alongside glass disc insulators.
• OFC (Optical Fibre Cable) Optical Fibre Cable manufactured through the TG Advait India JV for telecommunication backbones and utility communication networks.
• OPGW Joint Boxes OPGW joint boxes for connecting optical ground wire cable sections in power transmission lines, manufactured under the Make in India scheme.
• Alkaline Electrolysers Alkaline water electrolysis systems producing green hydrogen at 99.999% purity. Stack capacities from 250 kW to 5 MW with specific consumption of 4.3 kWh/Nm³ and 80,000 hours stack life guarantee. Manufacturing capacity of 300 MW allocated under PLI scheme.
• Green Hydrogen Turnkey Plants End-to-end green hydrogen plant delivery including microgrid systems with hydrogen production, storage, and utilization. Includes 1 MW supply to KP Green Hydrogen at Bharuch, Gujarat.
• Hydrogen Refuelling Stations Hydrogen refuelling station systems supporting 350 bar (buses/trucks) and 700 bar (passenger cars) dispensing pressures. Flow capacity up to 7.2 kg/min with SAE J2601 protocols and WEH dispensers.
• Battery Energy Storage Systems (BESS) Grid-scale Battery Energy Storage Systems targeting 1 GW over five years. Includes frequency regulation, voltage control, peak shaving, and renewable integration applications for DISCOMs, state utilities, and private developers.
• Solar EPC Projects Utility-scale and rooftop solar PV EPC services for solar power developers, IPPs, and EPC contractors. Includes 100 MWp Adani Khavda and 30 MWp/67.5 MWp KP Green projects.
• Carbon Credit Consultancy and Sustainability Services End-to-end carbon credit services including registration on VERRA, Gold Standard, and CDM platforms, third-party verification, and trading facilitation. Also covers IREC sourcing and decarbonization strategy advisory.
• Live-Line OPGW Installation Services Proprietary live-line OPGW installation service on 132 kV to 765 kV transmission lines without power outages, including high-altitude deployments up to 12,000 ft in Ladakh. Delivered for PowerGrid, Sterlite Power, UP Power Transmission, and other utilities.
• Power Transmission EPC Services Turnkey EPC execution for power transmission lines, substations, and telecommunication networks. Includes 235 km high-altitude OPGW installations at 12,000 ft, MVCC conductor projects under RDSS scheme, and HTLS conductor replacement work.

Quantifiable outcome

• Revenue growth of 79.68% YoY to ₹714.52 crore in FY26
• +7 more outcomes

Named customers19 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• TECO Maritime GroupflagshipStrategic or Co-development Partner · 19 May 2026TECO Maritime Group parent company, with Tore Enger as executive chairman and CEO of TECO Fuel Cell Technology AS. Partnership witnessed by Prime Ministers at India-Nordic Summit focusing on hydrogen fuel cell technology for data centre, mobility, and maritime applications.
• TECO Fuel Cell Technology ASflagshipTechnology or Integration · 18 May 2026Partnership signed at 3rd India-Nordic Summit in Oslo for hydrogen fuel cell manufacturing in India. TECO and co-development partner AVL List GmbH will transfer their jointly developed 400 kW hydrogen fuel cell module and 100 kW stack technology for local manufacturing. Production targets: stationary power and data centres (Q1 2027), heavy-duty transport (Q1 2028), maritime applications (through 2028). Expected to create at least 200 skilled jobs by 2032. Witnessed by Prime Ministers Narendra Modi and Jonas Gahr Støre.
• AVL List GmbHcoreTechnology or Integration · 18 May 2026Co-development partner in the TECO hydrogen fuel cell initiative. Bringing jointly developed 400 kW module and 100 kW stack technology for local manufacturing in India. Austrian company specializing in vehicle and engine development technologies.
• CSIR-SERC (Council of Scientific and Industrial Research - Structural Engineering Research Centre)coreTechnology or Integration · 9 January 2026Licensing arrangement for Emergency Power Restoration System (EPRS) technology developed by CSIR-SERC Chennai. Advait is licensed to manufacture India's first indigenous EPRS, making India the third country after US and Canada to develop such technology. Successfully installed first system in Jammu and Kashmir.
• CBC (Africa) / GFHA / Cleanvestree AfricaminorStrategic or Co-development Partner · 1 March 2025New alliance formed in March 2025 for African market development in green hydrogen and clean energy. Includes CBC (Africa), Go For Hydrogen Africa (GFHA), and Cleanvestree Africa partners.
• Government of GujaratcoreStrategic or Co-development Partner · 22 January 2024MoU signed at Vibrant Gujarat 2024 Summit for Fuel Cell and Electrolyser Manufacturing. Government partnership supporting state-level clean energy manufacturing initiatives under National Green Hydrogen Mission.
• Guofu HydrogencoreTechnology or IntegrationTechnology partnership for electrolyser manufacturing. Advait partnered with Guofu Hydrogen under the SIGHT programme (Strategic Interventions for Green Hydrogen Transition) to set up domestic manufacturing facilities.
• SECI (Solar Energy Corporation of India)flagshipStrategic or Co-development PartnerPLI scheme allocations through SECI competitive auctions: 100 MW in Tranche I and 200 MW in Tranche II for electrolyser manufacturing. Total 300 MW PLI allocation positioning Advait among major domestic electrolyser manufacturers under India's National Green Hydrogen Mission.
• Four Global OEMs (Electrolyser Technology)coreTechnology or IntegrationStrategic alliances with four globally recognized OEMs to advance renewable energy technologies. Partnerships enabling technology transfer and joint engineering for electrolyser manufacturing and green hydrogen solutions.
• HCGDBL (Haryana City Gas Distribution)minorStrategic or Co-development PartnerOff-taker MoU signed for 2,000 metric tons per year green hydrogen plant. Advait to supply 15 MW electrolysers and provide operational services for city gas distribution hydrogen production.

Scale indicators22 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sterlite Power: India's largest private power transmission infrastructure developer and EPC contractor. Direct peer in transmission line construction, OPGW deployment, and live-line installation services with comparable utility customer base.
• Tata Projects: Major Indian EPC company with strong transmission and substation capabilities. Advait's customer and subcontractor; comparable in turnkey power infrastructure delivery and renewable energy EPC.
• Skipper Limited: Indian manufacturer of transmission towers and EPC services for power transmission. Comparable in manufacturing scale for transmission infrastructure components and similar export orientation.
• Kalpataru Projects International: Diversified Indian EPC company with significant power transmission and distribution business. Comparable in transmission line EPC, substation construction, and infrastructure project execution for state and central utilities.
• Transrail Lighting: Indian transmission tower manufacturer and EPC contractor serving similar state electricity boards. Comparable in transmission infrastructure manufacturing, EPC execution, and utility customer base.
• KEC International: Indian EPC major with extensive power transmission and substation business, serving similar state utilities and central transmission clients. Directly comparable in OPGW, transmission line construction, and substation EPC services, with significantly larger scale.

Broad incumbents

• Havells India: Major Indian electrical equipment company with broad portfolio including industrial switchgear and transmission accessories. Comparable as a domestic electrical equipment manufacturer serving utilities, though focused on broader commercial/residential segments.
• Polycab India: Leading Indian electrical equipment manufacturer including cables and wires. Comparable in electrical conductor and cable manufacturing for power transmission, though much larger and more diversified across consumer and industrial segments.
• Adani Energy Solutions: Largest Indian private power transmission and distribution player with significant renewable energy integration capabilities. Advait serves as subcontractor (100 MWp Khavda solar); competes for BESS and transmission contracts at much larger scale.

Emerging players

• Acme Solar Holdings: Indian renewable energy developer with utility-scale solar and emerging BESS portfolio. Comparable in the renewable energy transition space including BESS participation under GUVNL and SECI auctions, though focused on IPP development rather than equipment manufacturing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/AdvaitEnergyLtd
• YouTubeyoutube.com/@AdvaitEnergyTransitionsLimited
• Facebookfacebook.com/advaitinfraltd
• LinkedInlinkedin.com/company/advaitenergy
• Instagraminstagram.com/advait.energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Advait Energy Transitions