Servotech secures Rs 33.6 crore solar rooftop project from Northeast Frontier Railway
By Aditya Bhagchandani Published on June 3, 2025, 19:25 IST
Servotech Renewable Power System Ltd. (NSE: SERVOTECH), a key player in India's solar solutions industry, has been awarded a 7.8 MW grid-connected solar rooftop project by the Rangiya Division of the Northeast Frontier Railway. The project is valued at Rs 33.6 crore and also includes a 5-year comprehensive Annual Maintenance Contract (AMC/CAMC) covering multiple buildings in the division.
This major contract highlights Servotech's growing role in advancing India's renewable energy initiatives, particularly in large infrastructure projects. The installation aims to help the railway significantly reduce its carbon footprint by using clean solar energy, aligning with broader national sustainability goals.
Commenting on the development, Sarika Bhatia, Director at Servotech Renewable Power System Ltd., said, '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 project is expected to enhance the railway's energy efficiency while reinforcing Servotech's presence as a trusted name in India's clean energy landscape.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
HCLTech Grant Americas second edition awards $1 million to three NGOs to create scalable solutions to combat climate change
NEW YORK and NOIDA, India, June 5, 2025 /CNW/ -- HCLTech (NSE: (BSE: a leading global technology company, announced Osa Conservation as the winner and Daily Acts and Ocean Wise as the two runners-up of the second edition of the HCLTech Climate Action Grant in the Americas. The three non-government organizations (NGOs) will be awarded a total of $1 million to help build scalable, sustainable solutions to drive climate action across the Americas. In the second year, applications increased by more than 70%, and after several rounds of review and rigorous due diligence, HCLTech selected Osa Conservation to receive $500,000 and Daily Acts and Ocean Wise to receive $250,000 each. This year's registrations increased by 34% from the 10 eligible countries across the Americas, including Argentina, Brazil, Canada, Colombia, Costa Rica, Guatemala, Mexico, Panama, Peru and the U.S. Osa Conservation, based in Costa Rica, will focus its grant award on Climate Lifeboat corridors, which help species migrate and thrive amid climate change. By reconnecting fragmented tropical habitats, the project supports climate adaptation while safeguarding ecosystems across millions of acres. California-based Daily Acts will use its grant for its community-powered climate resilience initiative. The project blends government strategy with grassroots action to advance water management, stormwater mitigation and social infrastructure across neighborhoods in Petaluma, Calif. and beyond. Canada-based Ocean Wise will dedicate its grant to its kelp forest restoration project on the Pacific coast. By managing urchin overpopulation and combining advanced technology and ecological research, the project aims to strengthen marine biodiversity and support coastal communities. "We are excited to support this year's recipients of the HCLTech Grant Americas as they expand their innovative projects to reconnect natural habitats, boost community resilience and rejuvenate marine ecosystems across the Americas," said Dr. Nidhi Pundhir, Senior Vice President, Global CSR, HCLTech. "This year, we saw a substantial increase in applications, highlighting the urgency of mitigating the adverse effects of climate change and the importance of supporting initiatives that pave the way for a sustainable future." In its inaugural year in 2023, HCLTech Climate Action Grant in the Americas committed $5 million in grants over five years to support sustainable solutions to fight the climate crisis across the Americas. The Grant in the Americas builds on HCLTech and the HCLFoundation (HCLTech's CSR arm) focus on continuous global sustainability commitment with a total investment of over $175 million in CSR programs to date. HCLTech is consistently recognized for its commitment to making a positive difference in the environment. Through our technology and collective expertise, HCLTech was recognized as an Industry Mover by S&P Global Sustainability Yearbook 2023 for sustainable business practices and continues to partner with leading U.S.-based organizations, including Feeding America and Girl Up, to serve the broader community. For more information on HCLTech Climate Action Grant in the Americas, its mission and the application process, please visit About HCLTech HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending March 2025 totaled $13.8 billion. To learn how we can supercharge progress for you, visit For further details, please contact: Meredith Bucaro, Americasmeredith-bucaro@ Elka Ghudial, James Galvin, Nitin Shukla, Indianitin-shukla@ Logo - View original content to download multimedia: SOURCE HCLTech View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
an hour ago
- Business Upturn
Trump announces ‘very positive' call with Xi Jinping, says rare earth dispute resolved
By Aditya Bhagchandani Published on June 5, 2025, 20:22 IST United States President Donald Trump on Thursday said he had a 'very good' and detailed phone conversation with Chinese President Xi Jinping, primarily focused on trade issues, including the complexities surrounding rare earth products. Trump said the call lasted nearly one and a half hours and concluded positively for both countries. Posting on Truth Social, Trump shared that the two leaders discussed the implementation of their recently agreed trade deal, which has been under scrutiny after Trump accused Beijing of backtracking on tariff commitments. Trump reiterated that while he respects Xi, he finds him 'extremely hard to make a deal with.' Trump said, 'There should no longer be any questions respecting the complexity of Rare Earth products,' indicating that previous concerns on rare earth supply chains might now be resolved. He confirmed that trade delegations from both nations will meet soon, with the U.S. side to be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. The exact location and timing will be announced later. The Chinese state-run Xinhua News Agency also confirmed the call was made at Trump's request. Trump noted that Xi extended an invitation for him and the First Lady to visit China, which he accepted. Trump emphasized that the call strictly focused on trade and excluded topics like Russia-Ukraine or Iran. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
an hour ago
- Business Upturn
IREDA board approves QIP launch at floor price of ₹173.83 per share
By Aditya Bhagchandani Published on June 5, 2025, 20:32 IST Indian Renewable Energy Development Agency Limited (IREDA) has officially launched its Qualified Institutional Placement (QIP) offering on June 5, 2025, following approval from its Board of Directors during a meeting held today. The company aims to raise capital by issuing equity shares of ₹10 face value each to qualified institutional buyers under Chapter VI of the SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013. The Board has approved a floor price of ₹173.83 per equity share for the QIP, determined in accordance with the pricing formula under Regulation 176(1) of SEBI ICDR Regulations. As per shareholder approval on February 24, 2025, IREDA also has the option to offer a discount of up to 5% on the floor price. The preliminary placement document and draft application form were approved in the same meeting. The relevant date for the issue is also June 5, 2025. The final issue price will be set in consultation with the book running lead managers appointed for the QIP. The trading window will remain closed until further notice in relation to the QIP proceedings. A copy of the preliminary placement document is available on the company's website at Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
