Advait Energy Transitions Limited Secures Major Solar Pump Integration Contract under PM KUSUM Scheme
Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) has proudly announced the acquisition of a significant contract under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Overview
The contract, dated January 18, 2025, focuses on the design, development, deployment, and maintenance of a web-based online portal and mobile application for implementing 40,000 off-grid or stand-alone solar pumps under the PM KUSUM Component ‘B’ scheme in Karnataka. Key elements of the project include:
- Cloud services integration.
- Payment and SMS gateway configuration.
- Integration of RMS devices with the State Energy Development Management (SEDM) portal.
- Operations and maintenance (O&M) for a period of five years.
Key Project Details
- Awarding Entity: Karnataka Renewable Energy Development Limited (KREDL).
- Nature of Contract: Comprehensive integration and operational support for solar pump systems, SCADA platform deployment, and O&M services.
- Execution Timeline:
- Commissioning/Deployment/Go-Live: 30 days.
- Project Execution: 1 year.
- O&M Duration: 5 years.
- Contract Value: Integration of 40,000 solar pumps and long-term SCADA operations support.
Importance of the Project
This project is a significant milestone for Advait Energy Transitions Limited, reinforcing its leadership in renewable energy solutions. It aligns with India’s PM KUSUM scheme, aimed at reducing dependence on grid power and increasing the adoption of sustainable solar energy in agriculture.
Official Contract Document
For detailed information, you can view and download the official corporate announcement and contract details, dated January 18, 2025, by clicking here.
About Advait Energy Transitions Limited
Advait Energy Transitions Limited is committed to driving India’s clean energy transformation. Through innovative technology and sustainable solutions, the company continues to support initiatives that empower industries and communities while contributing to a greener future.
Stay tuned for more updates as Advait Energy Transitions progresses with this transformative project.
Disclaimer
This announcement is intended solely for informational purposes and does not constitute an offer, solicitation, or recommendation to buy, sell, or hold any securities of Advait Energy Transitions Limited. The information provided is based on publicly available data as of the date mentioned and may be subject to change without prior notice. Readers are advised to consult professional advisors for any investment-related decisions. This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub.
Disclaimer: This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub. The information provided herein is for educational and informational purposes only and should not be construed as legal advice or financial advice. While every effort has been made to ensure the accuracy and reliability of the information, readers are advised to consult a qualified legal professional, financial advisor, or refer to authoritative sources for specific legal or financial queries or concerns.
Content Sources Disclaimer
The information provided in this article has been compiled from reliable and publicly accessible sources: MCA/ICSI/SEBI/Income Tax Department/GST Portal/(IP India)/Supreme Court of India/BSE/NSE/Other Sources.
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