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Advait Infratech saw a 1.82% rise in its stock price after securing an order from Gujarat Energy Transmission Corporation (GETCO) to supply and install HTLS conductors. The project involves upgrading two power lines to increase ampacity and is expected to be completed within six months. This milestone comes amid a 21.1% decline in the company’s net profit for Q2 FY25.
Bajel Projects Ltd, a subsidiary of the Bajaj Group, has secured a significant contract to construct a new 400/220 KV Solapur substation in Maharashtra. This milestone strengthens the company’s position in the power transmission sector, following a strong financial performance with increased revenues and profitability in the latest quarter.