Latest news with #SarikaBhatia
Business Upturn
12 hours ago
- Business
- Business Upturn
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.
Business Standard
24-04-2025
- Business
- Business Standard
Servotech Renewable gains on securing 4.1 MW rooftop solar order from East Coast Railway
Servotech Renewable Power System added 1.17% to Rs 130.82 after the company secured a 4.1 megawatt (MW) on-grid rooftop solar order from the Waltair Division of East Coast Railway in Visakhapatnam, Andhra Pradesh. Under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop on-grid solar photovoltaic (PV) plants of varying capacities across multiple sites within the Waltair Division. This initiative is part of Indian Railways broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint, reinforcing its position as a leader in sustainable transportation. The company said this win further strengthens Servotechs growing portfolio in the public sector and showcases its capability to execute large-scale solar projects with high-quality standards and efficiency. Sarika Bhatia, Director of Servotech Renewable Power System, commented, We are delighted to have been awarded this significant 4.1 MW rooftop solar project by the Waltair Division of the East Coast Railway. This order reaffirms Servotechs position as a trusted partner in Indias renewable energy landscape. We are committed to delivering best-in-class solar solutions and are proud to support Indian Railways in its journey towards cleaner and greener operations. Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, such as commercial and domestic. The company's consolidated net profit surged to Rs 7.96 crore in the quarter ended December 2024 from Rs 1.11 crore during the previous quarter ended December 2023. Sales rose to Rs 216.30 crore in Q3 FY25 from Rs 52.01 crore in Q3 FY24.
India.com
24-04-2025
- Business
- India.com
This company bags 4.1 MW On-Grid Rooftop Solar Order from Indian Railway, project values Rs...
New Delhi: Servotech Renewable Power System Ltd. (formerly known as Servotech Power Systems Ltd.), a leading provider of solar energy solutions, has secured a prestigious order for a 4.1 MW on-grid rooftop solar project from the Waltair Division, East Coast Railway, situated in Visakhapatnam, Andhra Pradesh. The project is valued at ₹15.8 crore. Under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop ongrid Solar Photovoltaic (PV) plants of varying capacities across multiple sites within the waltair division. This initiative is part of the Indian Railways' broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint, reinforcing its position as a leader in sustainable transportation. Sarika Bhatia, Director, Servotech Renewable Power System Ltd., commented, 'We are delighted to have been awarded this significant 4.1 MW rooftop solar project by the Waltair Division of the East Coast Railway. This order reaffirms Servotech's position as a trusted partner in India's renewable energy landscape. We are committed to delivering best-in-class solar solutions and are proud to support Indian Railways in its journey towards cleaner and greener operations.' This win further strengthens Servotech's growing portfolio in the public sector and showcases its capabilities in executing large-scale solar projects with highquality standards and efficiency. Earlier, the home-grown company and France-based Watt & Well signed an agreement to develop and manufacture EV charger components. The agreement aims to design, manufacture and sell EV charger components in India, Servotech Renewable Power System Ltd said in a statement. Under the pact, Servotech said it will manufacture power modules in India to achieve the 'Make in India' mission, while Watt & Well will provide technical support. Servotech will have the exclusive right to market and sell these components in India. The collaboration will initially focus on the development of a 30 kW power module for use in the Indian EV charging market. With PTI inputs
Mint
23-04-2025
- Business
- Mint
Multibagger small-cap solar stock Servotech Renewable Power Systems in focus after THIS order update; Do you own?
Servotech Renewable Power System Ltd. (formerly known as Servotech Power Systems Ltd.), a leading provider of solar energy solutions, has secured a prestigious order for a 4.1 MW on-grid rooftop solar project from the Waltair Division, East Coast Railway, situated in Visakhapatnam, Andhra Pradesh. The project is valued at ₹ 15.8 crore. Under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop ongrid Solar Photovoltaic (PV) plants of varying capacities across multiple sites within the waltair division. This initiative is part of the Indian Railways' broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint, reinforcing its position as a leader in sustainable transportation. Sarika Bhatia, Director, Servotech Renewable Power System Ltd., commented, 'We are delighted to have been awarded this significant 4.1 MW rooftop solar project by the Waltair Division of the East Coast Railway. This order reaffirms Servotech's position as a trusted partner in India's renewable energy landscape. We are committed to delivering best-in-class solar solutions and are proud to support Indian Railways in its journey towards cleaner and greener operations.' This win strengthens Servotech's growing portfolio in the public sector and showcases its capabilities in executing large-scale solar projects with high-quality standards and efficiency. Servotech Renewable Power System Limited (Formerly known as Servotech Power Systems Ltd.) is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. It offers extensive range of AC and DC chargers which are compatible with different Electric Vehicles and serve multiple applications such as commercial and domestic. First Published: 23 Apr 2025, 09:23 PM IST
