Servotech Renewable spurts on securing 7.8 MW grid-connected solar rooftop project

Servotech Renewable Power System rallied 10.84% to Rs 163.22 after the company secured a prestigious work order from the Rangiya Division of the Northeast Frontier Railway for a 7.8 MW grid-connected solar rooftop project.

The project includes design, supply, installation, testing, and commissioning of a rooftop solar power system comprising monocrystalline panels and inverters with remote monitoring systems, including SIM-based connectivity, to be implemented across various sites in the Rangiya Division. The work is to be completed within six months from the date of the Letter of Acceptance (LoA).

Additionally, the order, valued at Rs 33.6 crore, includes a comprehensive 5-year Annual Maintenance Contract (AMC) / Comprehensive Annual Maintenance Contract (CAMC) for multiple buildings within the Rangiya Division. The project underscores Servotech?s strong execution capabilities and its growing footprint in India?s renewable energy sector, particularly in delivering large-scale solar and infrastructure initiatives.

Sarika Bhatia, director of Servotech Renewable Power System, said, ?We are immensely proud to partner with the Northeast Frontier Railway on this crucial solar rooftop project. This order is a testament to Servotech's capabilities in delivering high-quality, reliable, and sustainable solar energy solutions. We are committed to supporting India's transition towards a greener future, and projects like these are vital in achieving that goal. Our comprehensive AMC/CAMC will also ensure the long-term efficiency and performance of the solar installations.?

Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, such as commercial and domestic.

The company's consolidated net profit jumped 127.1% to Rs 7.79 crore on a 7.4% rise in net sales to Rs 146.28 crore in Q4 FY25 over Q4 FY24.

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