Key Development
The Haryana Electricity Regulatory Commission (HERC) has granted an electricity distribution licence to a consortium led by Eleven Power Private Limited. Advait Energy Transitions Limited is a participating member in this consortium.
Licence Details
- Authorized Area: Gurugram and Nuh revenue districts of Haryana
- Subject to: Terms and conditions stipulated in the licence
- Regulatory Authority: Haryana Electricity Regulatory Commission (HERC)
Company's Role and Contribution
Advait will contribute its expertise and experience in the power sector by offering a range of product solutions in the new and renewable energy segments to support decarbonisation initiatives within the consortium.
Strategic Significance
The development represents a significant milestone in the company's journey within India's power infrastructure ecosystem and aligns with the broader transformation underway in the country's electricity sector. The company notes this reflects growing focus on strengthening and modernizing power distribution infrastructure to support the region's evolving electricity requirements.
Management Commentary
Mr. Shalin Sheth, Founder & Managing Director of Advait Energy, stated: "India's power sector is witnessing a significant transformation, with the modernisation and expansion of electricity distribution infrastructure emerging as key priorities. Advait's participation in this consortium marks an important milestone in our growth journey and reflects our continued engagement with the evolving power transmission and distribution landscape."
Company Background
Advait Energy Transitions Limited (AETL) is a publicly listed energy transition and infrastructure company headquartered in Ahmedabad, Gujarat, listed on NSE and BSE. The company operates across power transmission infrastructure, renewable energy, Battery Energy Storage Systems (BESS), green hydrogen and clean energy technologies.