Servotech Power Systems share hits 10% upper circuit after the company received an order to install 11 public EV charging stations for Bangalore Electricity Supply Company.
Under this contract, Servotech will install public electric vehicle (EV) charging stations at 11 Regional Transport Office (RTO) locations across Karnataka. This will improve the EV charging infrastructure and make it more convenient for EV owners to charge their vehicles across various regions of Karnataka.
In the exchange filing, Servotech Power Systems shared, “Servotech will manage the entire project execution, from planning and design to final installation. This includes developing a comprehensive plan for the installation of EV charging stations at each RTO location, ensuring optimal placement and capacity. High-quality charging stations will be manufactured, tested, and inspected to meet strict safety and performance standards. Additionally, Servotech will provide warranty support and handle all necessary electrical connections and power supply arrangements.”
