Servotech Power Systems Ltd. saw its shares rally over 10% in early trade after bagging a significant order from the Northeast Frontier Railway. The company has been awarded a 7.8 MW grid-connected solar rooftop project valued at Rs 33.6 crore. The project falls under the Rangiya Division and includes a 5-year comprehensive Annual Maintenance Contract (AMC). As of 9:21 AM, the shares were trading 10.35% higter at Rs 162.50
This major win strengthens Servotech’s position as a key player in India’s renewable energy sector, especially in infrastructure-based clean energy solutions. The solar installation will be spread across multiple buildings in the division and is aimed at reducing the carbon footprint of the railway network by tapping into sustainable solar power.
Commenting on the achievement, Sarika Bhatia, Director of Servotech Renewable Power System Ltd., stated, “We are immensely proud to partner with the Northeast Frontier Railway on this crucial solar rooftop project. This order is a testament to Servotech’s capabilities in delivering high-quality, reliable, and sustainable solar energy solutions.”
The development aligns with India’s broader goal of promoting green energy adoption across public sector undertakings. With this project, Servotech is expected to further solidify its position in the solar EPC (engineering, procurement, and construction) space.
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