Advait Infratech Private Limited: Securing Large Orders and Expanding into Green Energy

Advait Infratech Private Limited, a leader in power transmission, substation, and telecommunication infrastructure since 2009, has been making significant strides in the green energy sector, marking a transformative phase in its business strategy. The company’s robust performance, particularly in securing large orders and forging strategic partnerships, highlights its growing prominence in renewable energy and sustainable technologies.

Key Recent Developments:

1. Letter of Award (LOA) from SECI:

In one of its most remarkable recent achievements, Advait Infratech received a Letter of Award (LOA) from the Solar Energy Corporation of India Limited (SECI). This LOA grants Advait the responsibility to establish a 200 MW manufacturing capacity for Alkaline Electrolysers in India. Electrolyzers are critical components in the production of green hydrogen, a clean fuel that plays a vital role in decarbonizing industries and powering the future of clean energy.

This milestone showcases Advait’s increasing role in the green energy landscape, particularly in the emerging sector of hydrogen production. The company’s entry into manufacturing electrolyzers will not only help in meeting India’s renewable energy goals but also position Advait as a key player in the hydrogen economy.

2. Order from Karnataka Renewable Energy Development Limited (KREDL):

Advait has also secured a significant order from Karnataka Renewable Energy Development Limited (KREDL). The order involves the design, development, deployment, and maintenance of a web-based portal and mobile application to implement 40,000 standalone solar pumps across the state. This project is a testament to Advait's capabilities in providing end-to-end solutions for large-scale renewable energy projects and supporting India’s transition to sustainable agricultural practices.

Financial Performance and Market Position:

Advait Infratech has been on a steady growth trajectory, marked by a six-year uptrend in operating profit. The company’s strategic focus on green energy, power, and telecom infrastructure has resulted in its impressive market capitalization of INR 1,607 Cr (as of January 20, 2025). Its share price stands at INR 1488, and the company boasts a TTM Price-to-Earnings (PE) ratio of 66.1x, which is within the sector’s range of 50-90x.

Key Metrics at a Glance:

• Market Capitalization: INR 1,607 Cr

• Share Price: INR 1488

• TTM PE Ratio: 66.1x (within sector range)

• Retail Float: 16.9% (as of Sep-24)

  
  

Future Outlook: Expansion Plans in Green Energy

Looking ahead, Advait Infratech is setting its sights on major expansions and advancements in the green energy sector:

1. Electrolyzer Manufacturing Expansion: Advait plans to significantly expand its electrolyzer manufacturing capacity, aiming to establish a 300 MW facility by 2027, with a target of ramping this up to 1 GW by 2030. This bold move signals the company’s commitment to becoming a global leader in the green hydrogen industry.

2. Fuel Cell Assembly and Manufacturing: By 2028, Advait intends to begin assembling and manufacturing fuel cells, further diversifying its product portfolio and supporting the growing demand for clean energy solutions across various industries.

3. Battery Energy Storage Systems (BESS): Advait is also focusing on energy storage solutions, targeting 1 GW of BESS projects over the next five years. Energy storage plays a critical role in balancing intermittent renewable energy sources, and Advait’s foray into this sector is expected to contribute significantly to the stability and scalability of renewable energy systems.

   
   

A Strong Foundation and Promising Future

Advait Infratech's strategy of diversifying into green energy and building a robust portfolio in electrolyzers, fuel cells, and energy storage solutions is aligning with global trends toward sustainability and carbon reduction. The company’s proven track record in power transmission and telecommunication infrastructure provides a solid foundation for its renewable energy ventures. With a forward-looking vision and strategic initiatives in place, Advait Infratech is well-positioned to lead in the rapidly evolving clean energy market.

As India and the world at large accelerate their transition to renewable energy, Advait Infratech’s focus on innovation, large-scale manufacturing capacities, and cutting-edge technologies promises not only growth for the company but also significant contributions to the global green energy transition.

Stay tuned as Advait Infratech continues to innovate, expand, and lead the way in a cleaner, greener future.