Carbon credit sees a promising future
The future of carbon credits is promising, thanks to advanced digital technologies, international collaborations, and government policies. Transparency and wider adoption of environmental sustainability will promote economic growth in sectors like industrial manufacturing, energy production, and agriculture. Carbon credits are innovative financial instruments designed to reduce global greenhouse gas emissions. They grant the holder the right to emit a specific amount of carbon dioxide or other greenhouse gases; one credit typically permits one ton of CO2 emissions. Carbon credits are crucial for mitigating climate change. They allow entities that exceed their emission caps to purchase the right to emit from others’ surplus credits. This market-driven approach incentivises companies to reduce emissions because they can sell unused credits for profit. It is vital to enhance the impact of these programs by identifying sectors that can effectively use carbon credit schemes. Sectors with high emissions potential, like industrial manufacturing, energy production, and agriculture, can benefit from integrating carbon credit systems into their operations. Doing so, they comply with global emission standards and contribute to a more sustainable business model and environmental conservation. Understanding carbon credits In India, the revamped Carbon Credit Trading Scheme (CCTS) allows companies and individuals to participate in voluntary carbon trading, promoting emissions reduction by enabling the purchase or sale of these credits. This initiative is aligned with India’s climate goals under the Paris Agreement, aiming to reduce emissions and foster a transition to a low-carbon economy. India is emerging as a significant player in the global carbon credit market, having issued 278 million credits between 2010 and 2022, constituting 17 per cent of the Global supply during that period. The nation’s carbon market is supported by regulatory frameworks and voluntary markets, where businesses can trade carbon credits to meet or exceed their carbon reduction targets. As outlined in India’s national commitments, this market mechanism is a crucial driver for achieving net-zero emissions by 2070. Certification and oversight of these carbon credit projects are managed by various bodies, including the India Carbon Market Governing Board (ICMGB), which plays a critical role in administering and regulating the market. These bodies ensure the integrity and efficacy of the carbon trading system, making it the key element of India’s strategy to combat climate change. Eligible sectors for carbon credits in India India’s efforts to leverage carbon credits across various sectors are pivotal for its climate action strategies. Renewable energy sources like solar, wind, and biomass significantly contribute to India’s carbon credit market. Over 32 per cent of all carbon credits in the voluntary market come from renewable energy projects, mainly from grid-connected electricity generation through wind, hydropower, and centralised solar facilities. The government aims to increase the share of renewable energy in its total electricity consumption, targeting 40 per cent by 2030. Forest conservation projects, particularly under frameworks like REDD+ (Reducing Emissions from Deforestation and Forest Degradation), are required in India. These projects focus on ecosystem-based approaches to reduce emissions or enhance GHG removals, involving community-led afforestation efforts that attract substantial carbon credits. Sustainable agricultural practices, such as improved irrigation and manure management, play a significant role in sequestering carbon. Initiatives promoting organic farming and effective crop residue management help reduce emissions and enable farmers to earn carbon credits, providing them additional income and incentivising sustainable practices. Waste management, particularly through methane capture at landfills and waste-to-energy technologies, offers significant opportunities for carbon credit generation. The government supports such projects by providing financial incentives for waste-to-energy projects to ensure their feasibility and sustainability.Opportunities and challenges associated with carbon capture and storage exist in industries like steel, cement, and chemicals. These processes are critical for reducing industrial carbon footprints and enhancing eligibility for carbon credits. Electrification of public transport and railways represents a growing sector for carbon credit generation. India’s focus on electrifying its transport systems is part of a broader strategy to reduce urban carbon emissions and develop sustainable urban transport solutions. The distribution of improved cookstoves and clean water initiatives in rural and tribal areas. They focus on collaborating with local communities to advance sustainability by empowering individuals and improving overall quality of life. Challenges In India, the complexities of implementing and monitoring carbon credit projects intertwine with regulatory oversight challenges and concerns about the reliability and integrity of carbon credits. The country is advancing its domestic emissions trading scheme, known as the Carbon Credit Trading Scheme (CCTS), under the amended Energy Conservation Act, which targets carbon dioxide emissions directly. This move toward carbon pricing through cap-and-trade mechanisms aims to meet stringent emission targets by 2026, reflecting a significant step in establishing a more structured carbon market in India. However, the carbon market in India faces significant hurdles. These include a robust and reliable system for measuring, reporting, and verifying environmental impacts, which can involve high costs and technical challenges. Additionally, setting emission baselines can be contentious due to variations in technology and resources across companies, leading to disputes over uniform emission limits. The carbon market’s success hinges on the alignment of supply and demand. There are concerns that if the supply of carbon credits exceeds demand, prices could collapse, discouraging companies from engaging in emission reduction activities. Establishing a transparent and effective regulatory framework is crucial to ensure the integrity and accountability of the carbon trading system. Addressing these challenges will be essential for the credibility and effectiveness of India’s carbon credit initiatives, ultimately contributing to its net zero goals by 2070). The future of carbon credits in India The future of carbon credits in India looks promising, driven by emerging trends such as advanced digital technologies that enhance tracking and verification processes. These technologies ensure transparency and reliability in carbon credit transactions, bolstering market confidence. Moreover, international collaborations and investments are crucial in scaling carbon credit projects across India. They bring essential funding and global expertise, fostering innovative approaches to carbon management. The Indian government plays a key role by implementing policies and incentives to promote the wider adoption of carbon credits in various sectors. These initiatives support environmental sustainability and promote economic growth by aligning with global climate goals. Leveraging carbon credits can contribute to sustainable growth in different sectors that require a concerted
Advait Infratech Receives LoI for 11kV Medium Voltage Covered Conductor Project in Gujarat
Advait Infratech is pleased to announce the receipt of a letter of intent for a significant turnkey project in Gujarat. The contract, valued at Rs. 158.90 Crores (excluding GST), encompasses a comprehensive scope of work for the 11kV Medium Voltage Covered Conductor (AL59 ACS) project.The awarded project entails the following key activities:● Site Survey● Designing and Engineering● Procurement and Supply● Loading and Transportation● Unloading and Insurance● Delivery at Site and Handling● Storage and Installation● Testing and Commissioning● Comprehensive DocumentationWe are grateful for the opportunity to work on this important project,” said Mr. Shalin Sheth,Founder Managing Director of Advait Infratech. Parth Gandhi, General Manager of Advait Infratech said Our team is focused on ensuring the successful completion of this contract and contributing to the improvement of Gujarat infrastructure.
Advait Infratech stock bags new order worth Rs 158.9 crore!
Advait Infratech has secured a letter of intent for a substantial turnkey project valued at Rs. 158.9 crore in Gujarat. This project involves the installation of a new 11kV medium voltage covered conductor (AL59 ACS) infrastructure across the state. Advait Infratech’s scope of work encompasses the entire project lifecycle, from initial site surveys and design to final documentation.
Advait Infratech secures letter of intent worth Rs 158.90 crore
Advait Infratech has received an letter of intent for an order for site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning including documentation of all items/material required to complete works for Turnkey Based Contract of 11kV Medium Voltage Covered Conductor (AL59 ACS) at Gujarat State, worth Rs 158.90 crore (w/o GST). Earlier, the company had received an order for Uprating of existing 66kv lines on tower by high ampacity conductor/ HTLS conductor 27.516 RKM on June 11, 2024 worth Rs 16.27 crore from Gujarat Energy Transmission Corporation. Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
6,400 per cent returns and Rs 2,095 crore order book: This multibagger power sector stock bags new order worth Rs 158.9 crore!
Advait Infratech has secured a letter of intent for a substantial turnkey project valued at Rs. 158.9 crore in Gujarat. This project involves the installation of a new 11kV medium voltage covered conductor (AL59 ACS) infrastructure across the state. Advait Infratech’s scope of work encompasses the entire project lifecycle, from initial site surveys and design to final documentation. This includes engineering, procurement of all necessary materials, transportation, installation, testing, and commissioning. The successful completion of this project is expected to significantly enhance electrical infrastructure capabilities within Gujarat. In the recent quarter Q4FY24, the company generated a revenue of Rs 59.73 crore, which increased by 46.18 per cent compared to the previous year. The operating profit for Q4FY24 stood at Rs 12.83 crore, marking a significant increase of 92.83 per cent on a YoY basis. The company’s net profit after tax (PAT) saw a significant jump, reaching Rs 7.23 crore, with a growth of 106.22 per cent on a YoY basis. Advait Infratech Limited is engaged in business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields. It operates with various verticals such as Turnkey Telecommunication Projects, Installation of the Power Transmission, Sub Station and Telecom Products, and providing end to end solutions for the overseas. The stock has delivered multibagger returns of over 6,400 per cent in the last three years. The company has an order book worth Rs 2,095 crore. The stock has shown impressive growth, and investors should keep a close eye on this stock. Disclaimer: The article is for informational purposes only and not investment advice.
Advait Infratech Receives LoI for 11kV Medium Voltage Covered Conductor Project in Gujarat
Advait Infratech is pleased to announce the receipt of a letter of intent for a significant turnkey project in Gujarat. The contract, valued at Rs. 158.90 Crores (excluding GST), encompasses a comprehensive scope of work for the 11kV Medium Voltage Covered Conductor (AL59 ACS) project. The awarded project entails the following key activities:● Site Survey● Designing and Engineering● Procurement and Supply● Loading and Transportation● Unloading and Insurance● Delivery at Site and Handling● Storage and Installation● Testing and Commissioning● Comprehensive Documentation Online Media Cafe , Biz News Desk , Media Bulletins ,
Board of Advait Infratech approves allotment of Rs 5.92 lakh equity shares
At meeting held on 04 July 2024The Board of Advait Infratech at its meeting held on 04 July 2024 has approved the allotment of 5,92,940 equity shares of face value Rupees 10.00 each, for cash, at a price of Rs. 1388/- per equity share (including a premium of Rs. 1378/- per equity share), aggregating to Rs. 82.30 crore by way of private placement on a preferential issue basis to non-promoters. Consequent to above mentioned allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 10,80,05,930 divided into 1,08,00,593 equity shares of face value Rs. 10/- each.
Advait Infratech zooms on securing letter of intent worth Rs 158.90 crore
Advait Infratech is currently trading at Rs. 1937.00, up by 92.15 points or 4.99% from its previous closing of Rs. 1844.85 on the BSE. The scrip opened at Rs. 1835.00 and has touched a high and low of Rs. 1937.00 and Rs. 1760.00 respectively. So far 44086 shares were traded on the counter. The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1950.00 on 18-Jun-2024 and a 52 week low of Rs. 323.10 on 07-Jul-2023. Last one week high and low of the scrip stood at Rs. 1937.00 and Rs. 1677.00 respectively. The current market cap of the company is Rs. 1929.25 crore. The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company. Advait Infratech has received an letter of intent for an order for site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning including documentation of all items/material required to complete works for Turnkey Based Contract of 11kV Medium Voltage Covered Conductor (AL59 ACS) at Gujarat State, worth Rs 158.90 crore (w/o GST). Earlier, the company had received an order for Uprating of existing 66kv lines on tower by high ampacity conductor/ HTLS conductor 27.516 RKM on June 11, 2024 worth Rs 16.27 crore from Gujarat Energy Transmission Corporation. Advait Infratech is into business of providing products and solutions for power transmission, power substation and telecommunication infrastructure fields.
Advait Infratech Ltd. Secures LOI for Rs 158.90 Crore Order
Advait Infratech Ltd. has been awarded a significant Letter of Intent (LOI) for a turnkey contract valued at Rs. 158.90 crores (excluding GST). The contract, titled “Site survey, designing, engineering, procurement, supply, loading, transportation, unloading, insurance, delivery at site, handling, storage, installation, testing, commissioning including documentation of all items/material required to complete works for Turnkey Based Contract of 11kV Medium Voltage Covered Conductor (AL59 ACS) at Gujarat State,” was issued on June 1, 2024. “We are delighted to receive this Letter of Intent for such a substantial turnkey project,” said a spokesperson from Advait Infratech Ltd. “This project underscores our capability and commitment to delivering comprehensive infrastructure solutions.” The scope of the project includes a wide array of tasks from initial site survey to final documentation, aimed at ensuring the successful implementation of 11kV Medium Voltage Covered Conductor infrastructure in Gujarat. This initiative is expected to contribute significantly to enhancing electrical infrastructure capabilities in the state. Advait Infratech Ltd is poised to commence work on the project promptly, leveraging its expertise in executing large-scale infrastructure projects across diverse sectors. The company remains focused on delivering high-quality solutions that meet stringent standards and contribute to infrastructure development in India.
Advait Infratech Receives LoI for 11kV Medium Voltage Covered Conductor Project in Gujarat
Advait Infratech has announced the receipt of a letter of intent for a significant turnkey project in Gujarat. The contract, valued at INR 158.90 Crores (excluding GST), encompasses a comprehensive scope of work for the 11kV Medium Voltage Covered Conductor (AL59 ACS) project. The awarded project entails site survey, designing and engineering, procurement and supply, loading and transportation, unloading and insurance, delivery at site and handling, storage and installation, testing and commissioning and comprehensive documentation “We are grateful for the opportunity to work on this important project,” said Shalin Sheth, Founder & Managing Director of Advait Infratech. Parth Gandhi, General Manager of Advait Infratech said “Our team is focused on ensuring the successful completion of this contract and contributing to the improvement of Gujarat’s infrastructure.” Established in 2009, Advait Infratech delivers robust products and solutions for power transmission, substation, and telecommunication infrastructure. Operations cover turnkey telecommunication projects, power transmission and substation equipment installation, liasoning, marketing, and end-to-end solutions. Advait expanded into Green Hydrogen Equipment Manufacturing Services & EPC in 2023. Additionally, the focus includes sustainability consultancy, decarbonization consultancy, and carbon consultancy services, aiming to enhance the market landscape with cost-efficient, eco-friendly solutions.