Latest news with #ServotechRenewable
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Business Standard
20 hours ago
- Business
- Business Standard
Servotech Renewable skyrockets 14% on this deal win; check key details here
Servotech Renewable share price: Servotech Renewable Power Systems (Servotech Renewable) shares were in demand on Wednesday, June 4, 2025, with the stock rising up to 14.42 per cent to hit an intraday high of ₹168.50 per share. At 11:25 AM, Servotech Renewable share was trading 11.57 per cent higher at ₹164.30 per share. In comparison, Nifty50 was trading 0.2 per cent higher at 24,591.50 level. What triggered an upward rally in Servotech Renewable shares today? Shares of Servotech Renewable surged after the company secured an order for a 7.8 MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway. The contract, worth ₹33.6 crore, includes a comprehensive 5-year Annual Maintenance Contract (AMC) across various buildings within the division. Servotech Renewable said the project will boost the railway's sustainability initiatives by reducing its carbon footprint through clean energy generation. 'This prestigious project underscores Servotech's expertise and growing presence in India's renewable energy sector, particularly within large-scale infrastructure development,' Servotech Renewable said, in a statement. "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. We are committed to supporting India's transition towards a greener future, and projects like these are vital in achieving that goal. Our comprehensive AMC/CAMC will also ensure the long-term efficiency and performance of the solar installations," said Sarika Bhatia, director, Servotech Renewable Power System. About Servotech Renewable Power System Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging its strong engineering capabilities, Servotech Renewable aims to be a key enabler in building and strengthening India's electric vehicle infrastructure.
Time of India
3 days ago
- Automotive
- Time of India
Elon Musk's father Errol arrives in India, to witness green tech and EV growth
Elon Musk's father Errol Musk, Global Advisor to Servotech Renewable Power System Ltd, arrived in India on Sunday. He is scheduled to visit Servotech's manufacturing plant with other high-level engagements, including a visit to the Ram Temple in Ayodhya this week. According to the company, Errol Musk arrived in India for a visit focused on accelerating the nation's green technology and electric vehicle (EV) charging infrastructure development. His visit underscores the burgeoning global interest in India's rapid strides towards sustainable development and its ambition to be a leader in green technology exports , said the company. "We are incredibly excited to welcome Errol Musk to India," said Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. "His profound expertise and global vision as our Global Advisor are invaluable as we drive India's mission to become a powerhouse in green technology and EV charging exports. This visit signifies a major step towards 'Keeping Bharat Ahead' on the global stage," Bhatia added. During his stay, Errol Musk will engage with a diverse set of stakeholders. He is slated to deliver a keynote address at the India-Global Green Tech Vision Forum 2025 in the national capital. This event will bring together policymakers, investors, business leaders, and senior bureaucrats to discuss India's strategic push for leadership in green technologies. He will also undertake a visit to Servotech Renewable's state-of-the-art manufacturing plant in Sonipat, Haryana, to witness first-hand the innovative production of EV chargers, solar solutions, and other sustainable technologies, showcasing the 'Make in India' excellence, said the company. "It is an immense privilege to be in India and witness its vibrant progress in green technology and sustainable development," said Errol Musk. "India's commitment to a cleaner future and its burgeoning EV ecosystem present incredible opportunities. I am eager to contribute to Servotech's vision and explore the potential for India to lead the global green revolution," he added.
India.com
3 days ago
- Automotive
- India.com
Elon Musk's Father Errol Arrives In India, To Witness Green Tech And EV Growth
New Delhi: Elon Musk's father Errol Musk, Global Advisor to Servotech Renewable Power System Ltd, arrived in India on Sunday. He is scheduled to visit Servotech's manufacturing plant with other high-level engagements, including a visit to the Ram Temple in Ayodhya this week. According to the company, Errol Musk arrived in India for a visit focused on accelerating the nation's green technology and electric vehicle (EV) charging infrastructure development. His visit underscores the burgeoning global interest in India's rapid strides towards sustainable development and its ambition to be a leader in green technology exports, said the company. "We are incredibly excited to welcome Errol Musk to India," said Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd. "His profound expertise and global vision as our Global Advisor are invaluable as we drive India's mission to become a powerhouse in green technology and EV charging exports. This visit signifies a major step towards 'Keeping Bharat Ahead' on the global stage,' Bhatia added. Elon Musk's father, Errol, is set to visit the Ram Temple in Ayodhya, India. He is also expected to promote the Indian government's lofty and increasingly scrutinized ambition to become a global leader in green technologies and EV charging infrastructure exports (@TrumpUpdateHQ) June 1, 2025 During his stay, Errol Musk will engage with a diverse set of stakeholders. He is slated to deliver a keynote address at the India–Global Green Tech Vision Forum 2025 in the national capital. This event will bring together policymakers, investors, business leaders, and senior bureaucrats to discuss India's strategic push for leadership in green technologies. He will also undertake a visit to Servotech Renewable's state-of-the-art manufacturing plant in Sonipat, Haryana, to witness first-hand the innovative production of EV chargers, solar solutions, and other sustainable technologies, showcasing the 'Make in India' excellence, said the company. "It is an immense privilege to be in India and witness its vibrant progress in green technology and sustainable development," said Errol Musk. "India's commitment to a cleaner future and its burgeoning EV ecosystem present incredible opportunities. I am eager to contribute to Servotech's vision and explore the potential for India to lead the global green revolution,' he added.
Time of India
05-05-2025
- Business
- Time of India
Servotech Renewable Power System appoints Errol Musk to global advisory board
Mumbai: Servotech Renewable Power System, a India-based manufacturer and supplier of energy solutions , on Monday announced the appointment of distinguished entrepreneur and global business strategist Errol Musk to its global advisory board . According to the official press release, under this partnership, Musk will play a pivotal role in advancing the company's strategic vision for global growth, sustainability leadership , and AI-driven innovation . It added that his appointment aligns with the company's ambitious ' Vision 2027 ' goal to transform the renewable energy landscape across India and key international markets. 'Errol Musk, renowned for his contributions to the fields of technology, infrastructure, and sustainable development, will provide strategic advisory support to the firm's leadership team. His mandate includes guiding high impact media engagement, investor relations, and government interface programmes,' said the press release. It added that as part of his engagement, Musk will participate in a tour of the company's manufacturing facilities in India. Engage with key government and investor groups through curated roundtable sessions. Attend quarterly Global Advisory Board meetings. Contribute to media activations and press interactions highlighting the company's innovation leadership. He will be promoting the company across his official social media platforms. 'We are absolutely thrilled and honored to 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 Raman Bhatia, Managing Director of Servotech Renewable Power System. Musk will officially commence his advisory role with immediate effect, with his first India visit and strategic engagements scheduled over the coming months, added the release.
Mint
05-05-2025
- Business
- Mint
Servotech Power Systems share: 5000% rally in five years! EV stock jumps 5% after this corporate update
Servotech Power Systems share price surged over 5% on Monday's session following the company's announcement regarding the inclusion of prominent entrepreneur and worldwide business strategist Errol Musk on its Global Advisory Board. The company announced in an exchange filing that, Musk will play a key role in promoting Servotech's strategic vision for global expansion, leadership in sustainability, and innovation powered by AI. His appointment is in line with Servotech's ambitious "Vision 2027" objective to revolutionize the renewable energy sector in India and significant international markets. Errol Musk, acclaimed for his contributions in technology, infrastructure, and sustainable development, will offer strategic advisory support to the leadership team at Servotech. His responsibilities include overseeing impactful media relations, managing investor connections, and facilitating government engagement initiatives. Musk will begin his advisory position right away, with his initial visit to India and strategic meetings planned for the next few months. "We are absolutely thrilled and honored to 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. This partnership marks a significant milestone in our journey, and we are confident that Mr. Musk's strategic guidance will be instrumental in realizing our ambitious 'Vision 2027' and establishing Servotech as a global leader in sustainable energy solutions," said Raman Bhatia, Managing Director of the firm. First Published: 5 May 2025, 01:23 PM IST
