Latest news with #Servotech
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.
Time of India
14 hours ago
- General
- Time of India
Elon Musk father Errol Musk: I think if the entire world followed Lord Shiva, it would be ...
Tesla CEO 's father Errol Musk is currently on a visit in India. As part of his five day trip he is likely to visit the Ram Temple in Ayodhya and also voiced strong admiration for India's rise as a global power and its spiritual heritage, saying the world could benefit from following Lord Shiva 's wisdom. Tired of too many ads? go ad free now In an interview with news agency IANS, Errol Musk also mentioned that 'India is already a world power'. Elon Musk's father Errol Musk is fascinated by Hinduism Speaking to IANS, Musk described Hinduism as 'so ancient that it boggles the mind' and acknowledged the country's profound spiritual continuity. 'I think if the entire world followed Shiva, it would be just fine. I'm not an expert, but I find Hinduism fascinating. It's so ancient—it boggles the mind. The depth and history of the religion show us just how little we actually understand about the past. There's a profound sense of continuity and spirituality in India that is truly humbling,' Errol Musk told IANS. Errol Musk on visit to Ram Temple A report by news agency PTI said that Errol is likely to visit Ram Mandir in Ayodhya during his India visit. Speaking to the publication today on the sidelines of a Servotech event, Musk said that he is keen to visit the temple. In response to whether he is visiting the Ram Mandir, Errol Musk said: "Yes, I'm very keen to visit the temple. Well, you know, the history of India is something that fascinates the whole world, because the history of India is not just the history of India, it's the history of the human race." Errol Musk also lauded Prime Minister Narendra Modi Elon Musk's father Errol Musk also praised 's leadership, calling him "one of the finest leaders in the world today." He expressed admiration for PM Modi's confidence and clarity, attributing India's significant strides in both economic terms and global diplomacy to his guidance. Tired of too many ads? go ad free now 'He is one of the finest leaders in the world today. It's always a pleasure to watch him speak on TV. He carries himself with confidence and clarity. Under his leadership, India has taken giant strides, not only in economic terms but also in global diplomacy,' said Errol Musk.
Mint
18 hours ago
- Business
- Mint
Why did Servotech Renewable share price jump 19% despite stock market crash? Explained
Servotech Renewable Power System share price in focus: Shares of Servotech Renewable Power System (formerly Servotech Power Systems Ltd.), a manufacturer of EV chargers, solar products, and power backup solutions, jumped 19% on Tuesday, June 3, hitting a 3-month high of ₹ 146 apiece, even as the broader Indian stock market continued to decline for the third straight session. The sharp rally in the stock followed the arrival of Errol Musk, father of billionaire Elon Musk, who owns Tesla, SpaceX, and the microblogging platform X—in India on Sunday, June 1, for a five-day visit. During his stay, Musk is expected to provide strategic advisory support to Servotech's solar and EV charging division, with the aim of 'forging partnerships for a green tomorrow.' Errol Musk is a member of Servotech's global advisory board, which guides the NSE-listed company in its mission to develop cutting-edge EV charging solutions. As part of his engagement, the company said he will tour Servotech's manufacturing facilities in India and participate in curated roundtable sessions with key government stakeholders and investor groups. Earlier in mid-May, Servotech had announced that Musk would play a central role in steering its global expansion efforts, supporting the company's 'Vision 2027'—an ambitious roadmap to transform India's renewable energy landscape and position Servotech as a sustainability leader in international markets. Musk's advisory position is expected to bring international experience and a fresh perspective to the Indian clean energy player. The company said his engagement will include a wide range of activities—from interacting with key policymakers and investors to actively participating in board-level strategic discussions. He is also expected to contribute to media outreach initiatives and promote Servotech across his personal social media platforms. The company, on May 7, announced the appointment of Errol Musk to its Global Advisory Board. Servotech Renewable Power System share price has been buzzing on Dalal Street following a series of order wins and stellar performance in the March quarter. For the March-ended quarter, the company posted a two-fold rise in net profit to ₹ 7.71 crore, driven by higher revenues. In late April, the company won a 4.1 MW on-grid solar order from the Indian Railways zone, valued at over ₹ 15 crore on April 23. Despite the stock trading at a healthy discount from its record high of ₹ 205 apiece, recorded in September 2025, it is still up by 2,200% in the last 3 years and 13,500% over the last 5 years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
a day ago
- Business
- Time of India
Father Errol Musk to Elon Musk: ‘You are making a big mistake by …'
Image credit: X/ PTI Elon Musk 's father Errol Musk has said that the tech billionaire is making a 'big mistake' by not visiting India. Errol, who is on a five-day visit to India, is a member of the global advisory board of homegrown Servotech Renewable Power System Limited . For those unaware, Servotech is an NSE-listed company that specialises in developing technology-driven EV charging solutions. In an interview with NDTV during his visit, Errol Musk said 'I am quite surprised he has not been to India. If he does not, he is making a big mistake…'. On asked about what advice he wants to give to his son, Errol said: 'Get some rest', adding further 'Keep it up if you can. I do say to him, when I speak to him, 'try and take a break'.' Errol continued further, stating 'He is 53. People at 53 say, 'Oh, we are too old'. But he is like someone in his early 30s.' Errol Musk 'keen' to visit Ram Mandir in Ayodhya by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo A report by news agency PTI said that Errol is likely to visit Ram Mandir in Ayodhya during his India visit. Speaking to the publication today on the sidelines of a Servotech event, Musk said that he is keen to visit the temple. In response to whether he is visiting the Ram Mandir, Errol Musk said: "Yes, I'm very keen to visit the temple. Well, you know, the history of India is something that fascinates the whole world, because the history of India is not just the history of India, it's the history of the human race." Errol also spoke about Musk-owned Neuralink . He said 'The company amazes me. They are talking about rejoining spinal cords... enabling the blind to see... restoring hearing to people. It is not 'way in the future'. It is soon. They are being made... they already have brain implants that quadriplegics can operate computers'. iQoo Z10 Review: 7300mAh battery packed in a slim design
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First Post
2 days ago
- Business
- First Post
Visit to Ayodhya Ram Mandir and more: Why Elon Musk's father is in India for 5 days
Tech billionaire Elon Musk's father, Errol Musk, is on a five-day visit to India. During his stay, the 79-year-old plans to visit the Ram temple in Ayodhya. Notably, he recently joined the global advisory board of Indian company Servotech. As part of the trip, he will tour Servotech's solar and EV charger manufacturing facility in Safiabad, Haryana, and take part in a tree plantation drive read more Errol Musk will also take part in several meetings related to business. X/@servotech_ltd Tech billionaire Elon Musk's father, Errol Musk, is visiting India for five days. He landed in Delhi on Sunday and is expected to leave for South Africa on Friday. While in India, Errol plans to visit the Ram temple in Ayodhya. He will also take part in several meetings related to business. So, who is Errol Musk? What has been planned for his trip to India? Let's get you the answers to these and more. What is Elon Musk's father doing in India? A video shared by PTI showed Errol Musk receiving a warm welcome upon arriving in India. On Monday, the South African businessman is expected to meet with policymakers, investors, business leaders, and senior officials. STORY CONTINUES BELOW THIS AD VIDEO | Errol Musk, father of billionaire Elon Musk and a newly appointed member of the global advisory board of homegrown company Servotech, has arrived in India to visit the Ram temple in Ayodhya as part of his tour this month. Errol is scheduled to attend various… — Press Trust of India (@PTI_News) June 1, 2025 'Musk will also visit Ram Janmabhoomi Ayodhya Ram Mandir to seek blessings from Shree Ram Lalla, reflecting his engagement with India's cultural and spiritual heritage," PTI reported. According to sources familiar with the visit, the news agency said Errol Musk's schedule includes events focused on supporting India's goals in green technology and EV charging infrastructure exports. Notably, the 79-year-old recently joined the global advisory board of Indian company Servotech. As part of his visit, he will tour Servotech's solar and EV charger manufacturing facility in Haryana's Safiabad and take part in a tree plantation drive. 'Musk will also visit Ram Janmabhoomi Ayodhya Ram Mandir to seek blessings from Shree Ram Lalla, reflecting his engagement with India's cultural and spiritual heritage,' they added. STORY CONTINUES BELOW THIS AD Several state ministers and top officials are expected to attend the events. Servotech has organised a plantation drive on June 5, celebrated as World Environment Day, as part of Musk's visit to promote efforts around sustainability and the environment, The Times of India reported. Errol Musk was appointed to Servotech's Global Advisory Board on May 5. The company said he will offer strategic guidance on infrastructure, technology, and renewable energy. Once his visit to India is over, Musk will head to South Africa. With shared vision and purpose, Rishabh Bhatia, Head of Marketing, joins @Errol_Musk_EM, driven by a common goal: to innovate, collaborate, and propel India's renewable energy landscape forward.#ErrolMuskInIndia #ErrolMusk #MuskFoundation #AlexandraMusk#ElonMusk… — Servotech Renewable Power System Ltd (@servotech_ltd) June 2, 2025 'We…welcome Errol Musk to the Servotech Renewable family. His vast experience, profound global insights, and unwavering passion for groundbreaking innovation will be invaluable as we accelerate our mission to forge a greener, smarter future for India and beyond,' said Servotech Managing Director Raman Bhatia in a statement. Elon Musk-Errol Musk relationship In a podcast appearance earlier this year, Errol Musk openly criticised his son, Elon Musk. When asked whether he believed Elon was a good father, Errol replied no, claiming he relied too heavily on nannies. He also said Elon did not spend enough time with his children. ALSO READ | Is Elon Musk a doting dad? Or does he bring his children to work to divert attention? Elon, on the other hand, has spoken about having an unhappy childhood and said he did not grow up with financial privilege. However, Errol disputed this, saying Elon went to school in a Rolls-Royce and the children were raised in comfort. Errol Musk's scandalous past Elon is the son of Errol Musk and Maye Musk, and they had two other children together. Their marriage ended in 1979 after Errol cheated on Maye, a supermodel. The couple had been together for nine years. STORY CONTINUES BELOW THIS AD Maye said Errol was both emotionally and physically abusive during their marriage. Errol, who has seven children, later married Heide Bezuidenhout in the early 1990s and had two daughters, Alexandra and Asha Rose. The couple separated after two years. Recently, Errol claimed that China is attempting to recruit his seven-year-old son. Reuters/File Photo Years later, Errol entered a relationship with Jana Bezuidenhout, his former stepdaughter and Heide's daughter, and the two had two children together. Speaking to The Sunday Times in 2018, Errol said of the relationship, 'One thing led to another — you can call it God's plan or nature's plan.' Elon, who has since reconnected with his father, once told Rolling Stone that Errol was 'a terrible human being' with 'a carefully thought-out plan of evil.' Recently, Errol claimed that China is attempting to recruit his seven-year-old son, Elliot Rush, also known as 'Rush,' to compete in a gaming tournament. 'They say he will be the biggest thing in China. They say he's a prolific gamer and he's a champion," Errol told Daily Mail. STORY CONTINUES BELOW THIS AD Despite ongoing tensions between China and the US, Errol did not express concern about his son potentially being involved in the alleged recruitment.
