The pact outlines AGPL’s commitment to invest Rs 1,450 crore towards establishing two green energy projects in Gujarat.
As part of the agreement, the Government of Gujarat will facilitate AGPL in obtaining necessary permissions, registrations, approvals, and clearances from various state departments, in accordance with existing state policies and regulations. This facilitation, however, does not involve any financial stake, board representation, or special rights such as appointment of directors or subscription rights for either party.
There is no shareholding by the Government of Gujarat in AGPL, and the agreement does not involve any related party transactions or issuance of shares. The arrangement is purely collaborative in nature, with no loans, securities, or capital restructuring elements involved.
The two projects are part of Gujarat’s ongoing push to attract clean and sustainable investments under the Vibrant Gujarat initiative. This aligns with the state's broader strategy to position itself as a hub for renewable energy and sustainable industrial development.
AGPL has clarified that neither the promoters nor group companies have any relation with the Government of Gujarat, and no conflict of interest arises from the agreement. In case of future amendments or termination of the agreement, AGPL has committed to disclosing necessary details as per regulatory requirements.
Advait Energy Transitions (formerly known as Advait Infratech) is a global leader in end-to-end solutions for power transmission, substations, and telecommunication infrastructure.
The company’s consolidated net profit jumped 53.9% to Rs 8.37 crore on 98.5% rise in revenue from operations to Rs 118.43 crore in Q1 FY26 over Q1 FY25.
Shares of Advait Energy Transitions rose 0.16% to close at Rs 1,761.60 on Friday, 10 October 2025.