Servotech Renewable Power System Ltd., formerly known as Servotech Power Systems Ltd., has secured a major order for approximately 1100 grid-connected agriculture pumps under the “KUSUM Component C-1 Scheme” from Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA).
This significant project, valued at around ₹31 Crores, is a milestone in advancing solar-powered farming in Uttar Pradesh and supports India’s transition to a sustainable, solar-powered nation.
The project will see the manufacturing, supply, installation, testing, and commissioning of grid-connected agriculture pumps, along with solar power plants. The order includes pumps ranging from 2 HP, 3 HP, and 5 HP, paired with solar power plants of 3 kW, 4.5 kW, and 7.5 kW capacities. Servotech will also provide comprehensive warranty maintenance for five years, ensuring long-term sustainability for the 1094 solar-powered pumps.
This initiative will significantly contribute to Uttar Pradesh’s renewable energy goals, promoting clean energy solutions for agriculture while improving the state’s solar infrastructure.
In the meantime, Servotech shares opened at today at ₹164.60, with the day’s high reaching ₹169.41 and the low at ₹162.25. The stock has seen a 52-week high of ₹205.40 and a low of ₹73.50, indicating notable fluctuations.