Shares of Servotech Renewable Power System Ltd surged nearly 5% to ₹127.50 on Monday after the company announced the appointment of Errol Musk as a strategic advisor to its Global Advisory Board. The stock rose from the previous close of ₹121.84 and touched an intraday high of ₹128.48, with a market cap of ₹28,580 crore.
In a regulatory filing with the NSE, Servotech stated that Errol Musk, known for his expertise in infrastructure, sustainability, and innovation, will extend strategic advisory support to the company’s leadership. His engagement also includes on-ground visits to Servotech’s manufacturing units to assess its operational capabilities and guide its global expansion roadmap.
The company highlighted that this disclosure is voluntary and in line with its commitment to transparency. Market participants viewed the appointment as a strong signal of Servotech’s ambitions to scale globally and bolster its renewable energy portfolio with high-profile global expertise.
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