Shares of Servotech Renewable Power System Ltd. jumped over 3% in morning trade after the company secured a patent for its innovative “System and Method for Peak Shaving.” The patent, granted by the Indian Patent Office, is valid for 20 years and marks a significant milestone in the company’s commitment to advancing smart energy solutions.
This groundbreaking technology optimizes energy efficiency by reducing peak electricity demand, leading to lower energy costs for users and enhanced grid stability. The development aligns with Servotech’s vision of creating sustainable and future-ready energy solutions for a cleaner power infrastructure.
Raman Bhatia, Founder & Managing Director of Servotech, expressed excitement over the patent approval, emphasizing that it validates the company’s strong R&D initiatives. He reiterated Servotech’s commitment to pioneering next-generation energy technologies that drive long-term value for investors, partners, and consumers.
Servotech Power Systems’ shares opened at ₹126.00 today, reaching a high of ₹128.38 and a low of ₹125.06. The stock has seen a 52-week high of ₹205.40 and a low of ₹75.50.
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