Advait Energy Transitions Secures 1 GWh Battery Cell Supply Deal with Hithium

Key numbers

Cell Offtake	1.0 GWh1-Year Agreement
Market Cap	₹2059.42 CrCap Size
Revenue TTM	₹775.36 CrOperating
RSI	31.96Near Oversold
Order from	Hithium
Execution period	1 year

Key highlights

• Agreement signed with Hithium, a BloombergNEF Tier 1 global energy storage manufacturer
• Framework supports offtake of up to 1 GWh of 314 Ah LFP prismatic battery cells
• Supply intended for the upcoming 2.5 GWh annual capacity BESS facility in Gangad, Gujarat
• Partnership executed on September 18, 2026, targeting utility-scale and industrial applications
• Strategic move to build an integrated domestic battery manufacturing ecosystem in India

What Is the Partnership?

Advait Battery Ecosystems Private Limited (ABEPL) has formalized a Master Supply Agreement with Hithium to anchor the cell supply for its domestic operations. Executed on September 18, 2026, the agreement focuses on the procurement of 314 Ah lithium iron phosphate (LFP) prismatic battery cells. The arrangement is structured to support a cell offtake volume of up to 1 GWh over the coming year.

This partnership ensures that Advait has access to high-volume, reliable components as it ramps up its internal manufacturing capabilities for Battery Energy Storage Systems (BESS) designed for grid-scale and industrial applications.

Partner Profile: Hithium

• Hithium is recognized globally as a BloombergNEF Tier 1 energy storage manufacturer
• The company specializes in high-capacity LFP battery cells and integrated storage systems
• The 314 Ah cell platform is considered one of the most widely deployed architectures in the industry
• Hithium serves utility-scale, commercial, industrial, and residential segments internationally
• The partnership brings world-class manufacturing standards into Advait's domestic supply chain

Strengthening India's BESS Ecosystem

The Hithium agreement is central to Advait's strategy of building an integrated, India-based manufacturing framework. The supply of Tier 1 cells will support the company's 2.5 GWh annual capacity cell-to-container BESS assembly facility currently under development in Gangad, Gujarat. By bridging the critical cell supply side, Advait is advancing an ecosystem that encompasses module and pack assembly, container integration, and system commissioning.

This move follows a prior collaboration with Adaptive Engineering for EMS architecture and system design, positioning Advait as a full-spectrum provider for renewable energy integration and industrial storage solutions.

Financial and Business Context

Advait Energy Transitions, headquartered in Ahmedabad, has shown robust financial performance with annual operating revenue growing 78.92% to reach ₹714.52 crore. Net profits for the same period increased by 67.11%, reaching ₹51.72 crore. While the stock currently shows a falling momentum score of 29.27 and an RSI of 31.96, the company maintains a durability score of 65.

The company's expansion into high-growth segments like green hydrogen and BESS manufacturing aligns with its broader portfolio in power transmission and renewable energy EPC services, leveraging its established infrastructure in Gujarat.

Management Commentary

As we scale our 2.5 GWh BESS assembly capacity, a dependable, world-class cell supply chain is central to our ability to deliver cost-optimised, high-performance energy storage solutions to customers across India.

“We partnered with Hithium because they represent the gold standard in cell manufacturing: proven quality, consistent performance and a track record with some of the world’s most demanding energy storage developers.”

Advait Energy Transitions · financial snapshot

Share price	₹1875.1
Market capitalisation	₹2,059.42 Cr
Revenue (annual)	₹714.52
Net profit (annual)	₹51.72
P/E (TTM)	35.09×Sector 45.88×
Promoter holding	66.52%-0.28% QoQ
FII holding	0.68%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.