Advait Energy Transitions is a homegrown Indian company that climbed from trading to manufacturing to building entire power projects, and it is now betting that same step-by-step approach on the green-hydrogen future. It started in 2009 as a small trading outfit, moved into consultancy and then EPC (engineering, procurement and construction) work, and later began making its own import-substitute products - a pattern of learning a business from the ground up before owning the means of production. That recurring logic - master the project, then make the critical component yourself - now runs across everything from transmission cables to electrolysers. # Business segments Three engines at different stages - a power-transmission manufacturing and EPC workhorse, a fast-scaling solar-and-storage platform, and an early-stage green-hydrogen bet - each built with the capabilities and cash flows of the one before. ## 1. Power transmission and distribution: the factory and the field crews **The company makes the specialised hardware that strings high-voltage power lines and then sends its own crews to install it on live wires - a combination of factory output and hard-to-replicate installation skill.** - **Owns the wire from raw material to drum** - it draws Aluminium Clad Steel (ACS) wire, the corrosion-proof core material for overhead ground cables, at its Ahmedabad facility with an annual capacity of 4,900 tonnes, expandable to 8,000 tonnes, and strands it into Optical Ground Wire (OPGW) on 14+1 high-speed lines capable of 8,000-plus kilometres a year. That vertical integration means it supplies the input for its own cables rather than buying from a competitor. - **Makes the tool kit no transmission builder can do without** - a portfolio of over 100 stringing tools, from anti-twisting steel ropes to winch machines and aerial rollers, is designed and manufactured in-house, giving the company faster access to equipment for its own EPC jobs and an export line sold to over 30 countries. - **Built India’s first homegrown emergency tower kit** - the Emergency Restoration System (ERS), developed with CSIR-SERC Chennai with over 90% locally sourced parts, is a temporary bypass structure that restores power within hours after a tower collapse, from 33 kV up to 800 kV. It is a niche product with a 7% share of a roughly INR 300 crore global market, and international tenders are now open across the Middle East and Africa. - **Expanding the factory floor for the next upgrade cycle** - a greenfield plant for HTLS (high-temperature, low-sag) conductors, which carry about 30% more current on existing towers, is expected by Q4 FY27, and a 150,000-square-metre multi-unit manufacturing hub near Dholera is being built to house expanded ERS and conductor lines. ## 2. Solar and battery storage EPC: the build-and-operate platform **The company entered large-scale solar construction as a subcontractor to India’s biggest renewable developers, and it is now parlaying that site-execution credibility into owning battery storage assets under long-term state contracts.** - **Learned utility-scale solar at the world’s largest renewable park** - it is executing a 100 MWp (DC) solar EPC subcontract for Adani Green Energy and a 67.5 MWp project for KPI Green Energy, both at the 30 GW Khavda Renewable Energy Park in Gujarat, with 75 MW already commissioned and the rest due by mid-2026. The scope is turnkey: civil works, electricals, module mounting structures, and robotic cleaning systems. - **Won two battery storage concessions from the state grid** - a 50 MWh/100 MW BESS (Battery Energy Storage System) project for GUVNL on a build-own-operate basis with a 12-year concession, and a second 150 MW/300 MWh standalone BESS under GUVNL Phase-VIII, supported by Viability Gap Funding, located at the Bhesan substation in Gujarat. These are infrastructure-style contracts where the company earns by making stored power available to the grid, not by selling hardware. - **Setting up a battery assembly line with Chinese technology** - a 2.5 GWh BESS manufacturing line is being established through an MoU with Wuhan Huagong (HGTECH), which provides the design and equipment while the company provides the site and logistics, giving it a domestic supply chain for its own projects and third-party sales. - **Targeting a gigawatt of storage in five years** - the company is actively pursuing 1 GW of BESS projects, using the early GUVNL wins as proof of capability to bid into a market where state utilities are increasingly tendering storage to balance intermittent renewable generation. ## 3. Green hydrogen and climate services: the under-construction bet **The company is assembling electrolysers under a Chinese licence, building small-scale hydrogen plants to learn the EPC playbook, and trading carbon credits - three early-stage activities that share a bet on India’s energy-transition mandates.** - **Assembles alkaline electrolysers with transferred technology** - a 30 MW assembly facility in Kadi, inaugurated in March 2026, builds stacks from 250 kW to 5 MW using know-how licensed from Jiangsu Guofu, a Chinese hydrogen-equipment leader, with a roadmap to scale to 300 MW by 2027 and 1 GW by 2030. The plant handles the full stack-assembly sequence, from bipolar plate inspection to final factory-acceptance testing, and acts as the nerve centre for absorbing Guofu’s process knowledge. - **Built India’s first operational green-hydrogen microgrid** - a 300 kW electrolyser paired with a 70 kW PEM fuel cell was commissioned for THDC India in Rishikesh, proving the company can integrate hydrogen production, storage and power generation in a single working system. A 1 MW plant for KPI Green near Ahmedabad, designed for dual hydrogen and oxygen filling at 200 bar, is under execution. - **Plans fuel-cell manufacturing through Nordic partnership** - an MoU with Norway’s TECO Fuel Cell Technology, signed during the 2026 India-Nordic Summit, targets domestic production of hydrogen fuel cells for stationary power (including data centres) from Q1 CY2027, heavy-duty transport from Q1 CY2028, and maritime applications through CY2028. - **Manages a carbon-credit portfolio as a service business** - the company currently manages over 4 million verified carbon credits, with a pipeline of 1,200-plus MW of renewable-energy and waste-management projects, and roughly 5 million credits under issuance representing an estimated INR 35 crore revenue potential over the crediting period. It also provides carbon-footprint assessment and decarbonisation strategy consulting to corporate clients. # Group structure and partners **The parent company, Advait Energy Transitions, operates its legacy transmission business directly while running the entire new-energy portfolio through a subsidiary, Advait Greenergy, and it has spun off separate entities for batteries, carbon advisory and renewable assets as those activities mature.** - **Advait Greenergy Private Limited (AGPL)** is the main new-energy vehicle, 68.99% held by the parent, housing solar EPC, BESS EPC, green hydrogen and the carbon business; its FY26 revenue was overwhelmingly solar EPC at 79%, with BESS at 18% and green hydrogen EPC at 2%. - **Advait Battery Ecosystems Private Limited** (80% held) was incorporated in April 2026 to manufacture BESS and EV batteries, operate storage assets as an independent power producer, and handle battery recycling. - **Advait Carbon Advisory & Renewables Assets** and **Advait Unified Renewable Assets** (each 80% held, incorporated April 2026) separate the carbon-trading and advisory business from the renewable-power-generation and EPC contracting business. - **Advait BESS Bhesaan Private Limited** (51% held) is the special-purpose vehicle for the 150 MW/300 MWh GUVNL battery storage concession. - **TG Advait India Private Limited** is a 33.5%-held associate company with China’s Tongguang Group, operating as one of India’s leading domestic OPGW cable manufacturers and supplying the parent with finished cable. - **Key technology partners** include Jiangsu Guofu for electrolyser manufacturing, TECO 2030 (Norway) for fuel cells, CSIR-SERC for the indigenous ERS, and HGTECH (Wuhan) for the BESS assembly line.