Servotech Power Systems has secured an order worth ₹336 million for a 7.8 MW solar installation in the Rangiya Division. The project also includes a 5-year Annual Maintenance Contract (AMC).
On Wednesday, the share price of Servotech Renewable Power System surged over 14% to an intraday high of ₹168.5 as the company secured a new work order. As of 11:03 pm, the stock was trading at ₹163.71, up by 11.14%.
On a year-to-date basis, the stock has declined by 2.87%, while in the last 3 months it is up by 32.75%. In the last 12 months, the stock has given massive returns of 97%. In the longer period of 5 years, the stock has given multibagger returns of 16,127%. The Company’s market capitalisation stands at ₹3,724 crore.
Servotech Renewable Power System Ltd, a prominent manufacturer of solar solutions, has announced that it has been awarded a significant order for a 7.8 MW grid-connected solar rooftop project. The contract was secured from the Rangiya Division of the Northeast Frontier Railway.
The total value of this order is ₹336 million. In addition to the solar installation, the project also includes a comprehensive 5-year Annual Maintenance Contract (AMC) or Comprehensive Annual Maintenance Contract (CAMC) for various buildings within the Rangiya Division. This project highlights Servotech's growing influence in India's renewable energy sector, particularly in large-scale infrastructure development. The installation of the 7.8 MW solar capacity is expected to significantly contribute to the Northeast Frontier Railway's sustainability initiatives by reducing its carbon footprint through the utilisation of clean, renewable energy.
Sarika Bhatia, Director, Servotech Renewable Power System Ltd., commented on the order win, "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."
In the Quarterly Results of March 2025, the company reported a revenue from operations of ₹146.28 crore, reflecting a YoY growth of 7.42 per cent compared to ₹136.17 crore in March 2024. The profit after tax (PAT) stood at ₹7.72 crore, marking a 123.12 per cent increase from ₹3.46 crore in the same quarter last year.
In FY25, the company posted a revenue from operations of ₹674.00 crore, registering a 90.93 per cent growth compared to ₹353.00 crore in FY24. The net profit for the year stood at ₹33.00 crore, up 175.00 per cent from ₹12.00 crore in the previous financial year.
Servotech Renewable Power System Limited specialises in smart power solutions and smart LED lighting solutions. The company is involved in manufacturing and implementing solar solutions, including grid-connected solar projects. Their business spans from providing renewable energy infrastructure to offering comprehensive maintenance services for their installations.
Disclaimer: The article is for informational purposes only and not investment advice.
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