logo
Servotech renewable to install EV charging hub at Bengaluru airport

Servotech renewable to install EV charging hub at Bengaluru airport

Time of India30-06-2025
Servotech Renewable Power System Limited
has secured an order from
Bengaluru International Airport
Limited (BIAL) to install an electric vehicle (EV) charging station at
Kempegowda International Airport
. The facility will consist of 10 direct current (DC) chargers, each with a capacity of 240 kW, supporting
airside EV operations
.
The total installed capacity of the charging hub will be 2.4 MW. According to the company, this will be the first and largest EV charging installation of its kind at an Indian airport for airside operations. The station is intended to serve electric buses operating between terminals and aircraft, enabling continuous airside transport operations while supporting emission reduction goals.
Under the project, Servotech will be responsible for the supply, erection, testing, commissioning, and maintenance of the charging station for a five-year period. The chargers are expected to contribute to reducing
transport-related emissions
at the airport and support broader sustainability targets.
EV charging infrastructure for aviation sector
Sarika Bhatia, Director,
Servotech Renewable Power System
, said, 'We are thrilled to work with Bengaluru International Airport in its mission to drive sustainable change. This project is more than just an infrastructure milestone, it's a step toward transforming urban transport at one of India's busiest airports allowing us to electrify the airport and play a vital role in reducing its carbon emissions with our advanced EV charging technology and infrastructure.'
'This collaboration perfectly aligns with our long-term goals of providing high-quality EV charging infrastructure and contributing meaningfully to India's clean energy transition and we'll be looking forward to take on more such projects in the future and help improve EV charging infrastructure across different settings,' she added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bengaluru emerges as a global luxury real estate hotspot; Ranks 4th in prime housing growth, Mumbai 6th, and Delhi 15th
Bengaluru emerges as a global luxury real estate hotspot; Ranks 4th in prime housing growth, Mumbai 6th, and Delhi 15th

Hindustan Times

time25 minutes ago

  • Hindustan Times

Bengaluru emerges as a global luxury real estate hotspot; Ranks 4th in prime housing growth, Mumbai 6th, and Delhi 15th

Indian luxury housing markets have emerged as global outperformers, with Bengaluru, Mumbai, and Delhi ranking among the top 15 cities in Knight Frank's Prime Global Cities Index (PGCI) for Q2 2025. Bengaluru, driven by tech wealth, secured the 4th spot with a 10.2% year-on-year rise in prime property values. Mumbai, backed by infrastructure upgrades, ranked 6th with 8.7% growth, while Delhi placed 15th with 3.9% on steady luxury demand. Bengaluru rose 10.2% to rank 4th, Mumbai grew 8.7% at 6th, and Delhi 3.9% at 15th in Knight Frank's Q2 index, driven by tech wealth, infra upgrades, and luxury demand. (Representational Image)(ChatGPT) Bengaluru ranked 4th worldwide with a 10.2% year-on-year rise in prime property values, while Mumbai placed 6th with 8.7% growth and Delhi 15th with 3.9%. Globally, Seoul led the rankings with a sharp 25.2% annual increase, followed by Tokyo (16.3%) and Dubai (15.8%), the report said. Knight Frank's PGCI tracks movements in prime residential prices across 46 global cities using valuation-based data from its research network. Also Read: Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report The report noted that despite a slowdown in luxury housing markets globally, where average prime price growth eased to 2.3% annually from 3.5% in Q1, Indian cities have remained resilient. Strong demand, limited prime supply, and rising wealth creation in urban centres have supported prices. Shishir Baijal, chairman and managing director of Knight Frank India, said Bengaluru's tech-driven wealth, Mumbai's infrastructure upgrades, and Delhi's steady luxury demand have kept India in the global spotlight. He said that continued economic stability and urban redevelopment will likely sustain growth in the months ahead. Liam Bailey, Global Head of Research at Knight Frank, said the global cooling reflects shifting expectations on borrowing costs, with markets now showing a more fragmented pattern. 'Prime markets are taking a collective breath. The recovery we have seen over recent quarters was aided by the expectation of lower borrowing costs, and with that timeline now pushed out, a cooling in price growth is inevitable. We're seeing a more fragmented market, with some European cities showing surprising strength while former high-flyers in Asia begin to level off," Bailey said.

GST reforms hopes, S&P upgrade lift Sensex, Nifty 50: Which sectors to invest in and how far can the rally go? Explained
GST reforms hopes, S&P upgrade lift Sensex, Nifty 50: Which sectors to invest in and how far can the rally go? Explained

Mint

time25 minutes ago

  • Mint

GST reforms hopes, S&P upgrade lift Sensex, Nifty 50: Which sectors to invest in and how far can the rally go? Explained

The Indian stock market surged on Monday, August 18, driven by easing global headwinds and domestic policy optimism. Investors cheered hopes of a possible resolution to the Russia-Ukraine conflict, indications from US President Donald Trump about reconsidering secondary tariffs on India, and S&P's upgrade of India's sovereign credit rating. The Sensex jumped over 1,100 points to touch an intraday high of 81,765.77, while the Nifty 50 rallied to 25,022, reflecting broad-based buying interest. "Dalal Street is cheering a string of positive developments after the weekend. The government's proposal to overhaul the GST structure into a simpler two-slab system of 5% and 18% has been the key driver of today's rally, particularly in tax and export-sensitive segments such as autos, consumer staples and insurance. Investors are also encouraged by the revival in private capex, which signals that the long-awaited investment cycle is turning up," said Saurav Ghosh, Co-founder of Jiraaf. Analysts believe a GST overhaul will lift incomes across the economy by lowering costs and stimulating consumption. Combined with income tax reforms, this will empower Indian households to spend and save more, reinforcing domestic demand. "Taken together, tax reforms, stronger private investment and improved ratings are fueling optimism that India's growth story is firmly anchored in internal resilience despite global trade frictions and stalled talks with the US," said Ghosh. The rally was broad-based, with the Nifty Bank and Nifty Financial Services indices gaining 0.66% and 1.4%, respectively, following S&P's upgrade of long-term issuer credit ratings for major banks and financial institutions including SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Bajaj Finance. The Nifty Auto index jumped over 4%, while the Nifty Consumer Durables index added 3.5%, reflecting optimism around GST-driven consumption. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said, 'Sectors like autos and cement, currently in the 28% tax slabs, are expected to benefit. Companies such as TVS Motors, Hero, Eicher, M&M, and Maruti may respond positively. Insurance companies are also likely to gain from the GST revision.' Nikhil Gangil, Founder of Intrinsic Value, added that while today's surge is largely sentiment-driven, structural gains could emerge in autos, kitchen appliances, and electronics. Agrichemical and fertiliser stocks remain resilient due to government protections against US imports, positioning these sectors well for mid- to long-term performance, he added. Going ahead, Tarun Birani, Founder and CEO - TBNG Capital Advisors, advised investors that while momentum remains strong, near-term volatility is likely as further macro data and policy statements unfold. On the technical front, analysts believe a decisive close can push the Nifty 50 index higher. Vinit Bolinjkar of Ventura Securities said that the rally was triggered by pent-up bullish sentiment. 'Foreign Institutional Investors have been net sellers in August, leaving long positions at historic lows. The Nifty's formation of higher lows from the 24,350–24,400 support zone demonstrated resilience, setting the stage for upward movement. Profit booking by Domestic Institutional Investors may occur at higher levels, but the overall trajectory remains positive. A decisive close above 25,000 could drive new highs.' Ajit Mishra noted that the Nifty 50 has surpassed the immediate hurdle of the short-term 20 DEMA and is now hovering around 25,000. A decisive break above this level could trigger further short covering, pushing the index toward 25,250 in the near term, Mishra said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Dixon Technologies stock jumps 4% on ₹370-cr JV with China's HKC Overseas
Dixon Technologies stock jumps 4% on ₹370-cr JV with China's HKC Overseas

Business Standard

time25 minutes ago

  • Business Standard

Dixon Technologies stock jumps 4% on ₹370-cr JV with China's HKC Overseas

Dixon Technologies share price today: Shares of domestic electronics manufacturer Dixon Technologies surged over 4 per cent to hit an intraday high of ₹16,912 after the company formed a ₹370 crore joint venture with China's HKC Overseas. At 01:10 AM, Dixon's share price was trading 3.65 per cent higher at ₹16,782 per share on the NSE. In comparison, NSE Nifty50 was up 1.16 per cent at 24,916.7 levels. The market capitalisation of the company stood at ₹1.01 trillion. The stock has recovered 36.7 per cent from the 52-week low of ₹11,840 touched on August 14, 2024. CATCH STOCK MARKET LATEST UPDATES TODAY LIVE Why were Dixon Technologies shares rising? The Dixon Technologies-HKC Overseas joint venture (JV) is for manufacturing and selling of LCD and TFT-LCD modules that are used in electronic devices like TV, mobile phones, etc, for display, according to an exchange filing. "Dixon Technologies (India) has entered into a Term Sheet with HKC Corporation to form a joint venture for manufacturing of Liquid Crystal Modules, thin film transistor liquid crystal display modules, assembly of end products such as smartphones, TVs, monitors and auto displays and selling HKC-branded end products in India," the company said. HKC Overseas will acquire a 26 per cent stake in Dixon Display Technologies (DDTPL) for USD 10.998 million, and Dixon will acquire a 74 per cent stake in the JV for USD 31.3 million in two tranches. Last month, Dixon had announced a JV with Chinese electronic component maker Chongqing Yuhai Precision Manufacturing Co. and the Indian arm of Kunshan Q Technology for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others. ALSO READ | Dixon Technologies Q1 results Dixon Technologies posted a strong June 2025 quarter (Q1FY26) performance, with robust performance across metrics on the back of mobile and EMS segments. The company reported revenue, Ebitda, and PAT growth of 95 per cent, 95 per cent, and 68 per cent, respectively, on a yearly basis. Brokerage firm Motilal Oswal has maintained a 'Buy' rating with a revised target price of ₹22,100 (₹20,500 earlier) based on DCF valuation. Emkay Global has also maintained a 'Buy' rating with a target price of ₹19,000. On the other hand, Nuvama Institutional Equities maintained a 'Hold' rating with a June 2026 target price of ₹16,100, citing fair valuation. About Dixon Technologies Founded in 1993, Dixon Technologies is an electronic manufacturing services (EMS) provider in India. It offers design-focused solutions across consumer durables, home appliances, lighting, mobile phones, and security devices. It also provides repair and refurbishment services for set-top boxes, mobile phones, and LED TV panels. Dixon operates across multiple divisions, including consumer electronics, lighting, mobile phones, security surveillance, medical electronics, and IT hardware. The company operates over 17 manufacturing units across India and serves both domestic and global clients.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store