Advait Energy

29 Apr

Energy Shock Drags Global Growth to 3.2 Percent, Puts Pressure on Cloud and AI Infrastructure

Muskan SinghBusiness, Press ReleaseAdvait Energy, Cloud and AI Infrastructure, Global Growth

Padma Reddy Sama, Co-Founder of India’s First Sovereign AI Cloud Provider, BharathCloud Hyderabad (Telangana) [India], April 29: The global economy is absorbing the impact of what is being described as the largest energy shock on record, with growth projected to slow to 3.2% in 2026 from 3.4% the previous year, as per the S&P Global report. Disruptions across West Asia are rippling through industries worldwide, particularly those dependent on stable and uninterrupted power. Nowhere is this more evident than in digital infrastructure, data centres and cloud systems that form the backbone of the modern economy, where even minor energy volatility can translate…

26 Sep

Advait Energy Transitions Declares Rs 1.75 Dividend and Expands Borrowing Power at 15th AGM

Muskan SinghBusiness, Press Release15th AGM, Advait Energy, Rs 1.75 Dividend

Ahmedabad (Gujarat) [India], September 26: Advait Energy Transitions Limited (formerly Advait Infratech Limited) today announced key outcomes from its 15th AGM held at the Ahmedabad Management Association. Shareholders approved a dividend of ₹1.75 per equity share, reflecting 17.50% on the face value of ₹10, alongside an enhanced borrowing limit of ₹1,000 crore to support future growth initiatives. The meeting also approved the adoption of audited financial statements for FY 2024–25, the re-appointment of M/s V. Goswami & Co. as statutory auditors, and the appointment of Mr Tejpal Singh Bisht as an Independent Director. Other approvals included related party transactions with…