India's Advait Energy rises on battery storage deal with state power utility

Advait Energy Transitions

03/06/2026 07:43

** Indian power transmission infrastructure provider Advait Energy Transitions ADVR.BO rises 1.4% to 2,000 rupees, extending gains to a second-straight session 
** Co's unit signs battery energy storage purchase agreement with Gujarat Urja Vikas Nigam to supply a 150 MW/300 MWh large-scale battery energy storage system
** Financial terms of the agreement were not disclosed 
** Stock holds trailing 12-months PE of 46.11 vs industry median of 26.74 - LSEG data 
** ADVR has risen 35.9% since its NSE debut on January 20 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))