Shares of Servotech Renewable Power System Ltd. (NSE: SERVOTECH) surged nearly 4% on Tuesday, August 20, after the company announced securing a prestigious order for a 7.3 MW on-grid rooftop solar project from the North Western Railway, Jaipur Division.
At 9:27 am, the stock was trading at ₹128.84, up 3.39% or ₹4.22 from the previous close of ₹124.62.
Project details
The project, valued at ₹28.84 crore, marks a significant milestone in Servotech’s clean energy journey. Under the contract, the company will handle the end-to-end execution of rooftop solar PV systems, including:
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Design & manufacturing
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Supply & installation
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Testing & commissioning
The solar plants will be installed across multiple sites within the Jaipur Division.
Alignment with Indian Railways’ green vision
The initiative is part of Indian Railways’ ambitious sustainability agenda, aimed at reducing reliance on conventional energy sources and cutting carbon emissions by integrating renewable power solutions.
Management commentary
Commenting on the achievement, Sarika Bhatia, Director, Servotech Renewable Power System Ltd., said:
“We are honoured to receive this important 7.3 MW rooftop solar order from the Jaipur Division of the North Western Railway. The project reaffirms Servotech’s standing as a trusted and reliable partner in India’s renewable energy space.”
Investor takeaway
The order not only strengthens Servotech’s order book but also underlines its leadership in the renewable energy sector. With India pushing aggressively towards renewable integration, such contracts are expected to enhance the company’s growth trajectory and long-term visibility.