Servotech Power Systems shares jumped more than 25% this week after the company won an order to install 11 public EV charging stations for Bangalore Electricity Supply Company.
Servotech will set up public electric vehicle (EV) charging stations at 11 Regional Transport Office (RTO) locations across Karnataka as part of this contract. This would enhance the infrastructure for EV charging and make it easier for EV owners to charge their vehicles in different parts 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.”
Stock Performance on Friday
– Open: ₹162.00
– High: ₹173.00
– Low: ₹159.70
