Latest news with #ServotechRenewablePowerSystemLtd
Business Upturn
11 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
19 hours ago
- Automotive
- Time of India
Way to go: Elon Musk's father Errol hails India's electric car scheme
Elon Musk's father, Errol Musk, who is visiting India this week, on Monday hailed India's forward-looking scheme to enable fresh investments from global manufacturers in the electric cars segment and promote the country as a global manufacturing hub for e-vehicles . In an exclusive interaction with IANS here, Errol Musk, who is Global Advisor to homegrown Servotech Renewable Power System Ltd, said lowering customs duty of 15 per cent on electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 is a "very good idea". "It is a very good idea. That's the way to go and make things easier for people who are already working in the EV field to further improve the world," said 79-year-old Errol. According to the South African businessman, it is never easy to come up with these new, high-tech electric vehicles with state-of-the-art technology. "One should give the EV manufacturers every chance that one can to help them go global, not hinder them," the elder Musk told IANS. Errol Musk is in India for a visit focused on accelerating the nation's green technology and EV charging infrastructure development. Under the new EV scheme, companies will be allowed to import up to 8,000 electric four-wheeler units annually at a lower import duty of 15 per cent, against 70-100 per cent currently, once they pledge an investment of Rs 4,150 crore for setting up manufacturing facilities in the country. The carryover of unutilised annual import limits would be permitted. According to the government notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore, or the committed investment of the applicant of a minimum of Rs 4,150 crore, whichever is lower. Investment should be made for the domestic manufacturing of the eligible product. In case the investment under the scheme is made on a brownfield project, a clear physical demarcation with the existing manufacturing facilities should be made, the notification stated.
Time of India
2 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
2 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.
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
