Latest news with #ServotechRenewablePowerSystemLtd
Time of India
04-07-2025
- Automotive
- Time of India
Every gun matters! The unsung frontline of India's EV charging revolution
As India 's electric vehicle (EV) ecosystem expands at a rapid pace, the focus remains firmly on scaling infrastructure and boosting adoption. However, a critical yet largely ignored component is the EV charging gun—central to vehicle charging but often sidelined when it comes to maintenance and service protocols. Despite their critical role in the charging process, charging guns are plagued by a lack of timely upkeep and the absence of standardised service protocols. In India, they endure not just extreme weather conditions, ranging from intense heat, dust storms to monsoon humidity, but also face rough handling, vandalism, and a shortage of trained technical personnel with necessary technology know-how. Fragmentation in Connector Types Worsening the Challenge Experts point out that the use of non-standard, proprietary connectors by some manufacturers is further fragmenting the charging ecosystem. This complicates serviceability for operators who must navigate multiple charging gun designs, limited spare part availability, and inconsistent knowledge levels. 'For India's EV ecosystem to scale sustainably, awareness around charging gun maintenance and timely servicing needs to become a shared priority across buyers, sellers, and infrastructure stakeholders,' says Arun Handa, Chief Technical Officer , Servotech Renewable Power System Ltd. He stresses that many users still wrongly assume chargers are maintenance-free. 'That's why it is important to educate users through social media and onsite campaigns to create user-side awareness and prevent misuse, rough handling, and promote user-driven reporting of faults. An unserved charging gun can be directly compared to a virus that can immediately affect any EV it comes in contact with.' Multiple Risks, One Solution: Preventive Maintenance 'A poorly maintained charging gun poses multiple risks such as thermal damage, safety hazards, vehicle damage, poor user experience and regulatory non-compliance,' explains Krishna K Jasti, CEO & CPO, EVRE. Jasti recommends implementing AMC (Annual Maintenance Contract) policies that include connector servicing, alongside development and enforcement of BIS-compliant service protocols. 'Mandatory real-time fault monitoring and alerts for connector faults, training field service staff in connector repair and inspection, and providing incentives or GST relief for certified connector replacement parts could be game-changers. Encouraging local manufacturing of reliable, India-ready charging guns is also crucial.' He further adds, 'Many charging stations are installed outdoors, exposing guns to dust, rain, and extreme temperatures, accelerating wear and tear. Moreover, limited awareness among operators and consumers about periodic servicing needs, and supply chain delays for connector replacements or spare parts, especially for imported components pose serious concerns.' Emphasizing that continuous monitoring of multiple parameters is essential for the efficient functioning of an EV, Sanjeev Kulkarni , CEO, BillionE, says, 'Beyond speed, it's critical to track the State-of-Charge (SOC) profile, cell and battery temperatures, user behaviour patterns, and instances of isolation resistance loss.' He also highlights the crucial role that proper maintenance of charging guns and sockets plays in ensuring the safety and performance of both EVs and the supporting infrastructure. 'We are dealing with high current flow, so it's imperative to have a routine mechanism in place for cleaning and maintaining charging guns,' he adds. A Complex Ecosystem of Charging Guns with Varied Connector Types Currently, the EV charging stations in India are equipped with different charging gun technologies with origins from India, Europe, China and Japan. These range from Bharat AC-001 to Type 2 guns (IEC 62196-2) AC chargers used to charge 2,3, and 4-wheelers, Type 6 and 7 guns for DC chargers used for charging 2 wheelers (these chargers can also work with 3-wheelers as the technology evolves). LECCS (Light Electric Combined Charging System) - part of the IS17017 (Part 2 / Sec 7): 2023 standard, enable both AC and DC charging through a single interface. 'Is a connector developed by Ather Energy and has shared this connector design with other manufacturers to encourage interoperability and broader adoption,' shares Jasti. 'Currently, many 2W and 3W manufacturers still rely on non-standard, proprietary connectors, leading to fragmentation in the charging infrastructure. However, the industry is gradually moving towards the BIS-approved Type 6 DC connector, especially for fleet operations and battery swapping applications. This connector is specifically designed for low-voltage, fast-charging scenarios suitable for India's light electric vehicle segment,' highlights Zoeb Karampurwala, Chief Product Officer, EKA Mobility. CCS-2 guns (Combined Charging System)/ IEC 62196-3) DC chargers for 4-wheelers, and HEVs, these are an extension of the IEC 62196 Type 2 connector with two additional DC pins for high-power charging. This connector is used in most fast chargers in India and supports up to 360 kW, charging 4-wheelers, buses, and trucks within an hour. 'In fleet depots or dedicated hubs, vehicles often integrate with customised high-capacity chargers based on the CCS-2 protocol to facilitate efficient overnight or opportunity charging cycles,' explains Karampurwala. He further shares, 'For electric passenger vehicles, CCS-2 has become the accepted standard for DC fast charging, adopted by all major OEMs in India. For home and workplace charging, Type 2 AC connectors are standard, offering slow to moderate charging via wall-box units or public AC stations. This dual approach ensures both convenience and high-speed charging capabilities for users.' Maintenance equals Reliability Routine inspection and cleaning of the pins, especially in CCS-2 connectors, which support high-power DC flow, is a necessity. 'Any dirt or corrosion on the contact points can disrupt communication between the charger and the EV, resulting in failed sessions or battery damage,' says Handa. Frequent plugging and unplugging of charging guns also lead to mechanical wear. Without timely intervention, connectors may overheat or melt, posing serious safety risks for both the station and users. Another challenge is the shortage of trained technicians and availability of OEM-certified spare parts, especially in Tier 2 and 3 cities. Most stations lack smart diagnostics to detect connector faults proactively, meaning issues often go unnoticed until they cause real disruption. 'To build a reliable charging infrastructure, India must prioritise preventive servicing of Type 2 and CCS-2 connectors and create localised technical support systems,' says Handa. Road Towards Standardisation Meanwhile, GB/T guns are used in older 4-wheeler EVs. These guns are Chinese DC fast charging standard, used for 3-wheelers and 4-wheelers in early deployments. 'Currently, no major EV manufacturer in India supports GB/T, and it is being phased out,' shares Jasti. 'The Indian EV ecosystem is now steadily moving toward universal CCS-2 adoption, which will gradually phase out GB/T chargers. This shift is expected to eliminate the widespread issue of GB/T to CCS converter dependency, streamlining charging infrastructure, and enhancing user convenience,' adds Handa. CHAdeMO, a Japanese DC fast charging standard used by a few Japanese-origin EVs like the Nissan Leaf, has been less prevalent in India due to limited vehicle compatibility and minimal OEM adoption. The initial set of chargers deployed had both CHAdeMO and CCS-2 connectors. Infrastructure Still Catching Up 'The charging infrastructure ecosystem for electric vehicles in India is currently at a nascent stage,' says Rohan Kanwar Gupta , Vice President & Sector Head, Corporate Ratings, ICRA Limited. 'There are only ~25,000 charging stations, even as the number has improved significantly from about 1,800 – 2,000 public charging stations in 2021.' Lack of adequate charging infrastructure has been a key deterrent for EV penetration in India. Apart from capability development and driving demand, the government has, therefore, focused on improving the charging infrastructure across the country to help address range anxiety concerns related to EVs, including allocation for the same in the PM E-Drive Scheme. There has been material traction seen in investments from both PSU and private players in the EV charging space. 'Despite the anticipated sharp increase in EV charging stations, the number could remain significantly low (vis-a-vis the requirement) and constraint EV penetration over the near to medium term,' says Gupta. India's EV charging ecosystem is expanding fast, however, unless critical components like charging guns are prioritised with standard protocols, skilled maintenance, and user education, the infrastructure may fail to keep pace with adoption. A reliable, safe, and interoperable charging experience begins with treating the humble connector as the heart of the system—not its afterthought. 'By combining awareness, training, digital tools and policy support, India can improve the reliability and safety of EV charging infrastructure and support widespread EV adoption,' says Jasti.
India.com
25-06-2025
- Business
- India.com
This company shares in action after order win from Madhya Pradesh government
सेफ इंवेस्टमेंट का भी करें इंतजाम Shares Servotech Renewable Power System Ltd gained on Wednesday, i.e. June 25, 2026 after the company informed exchanges about an order from the Madhya Pradesh government. The stock opened at Rs 149.95 on the NSE against the previous close of Rs 147.73. It jumped further to touch the high of Rs 154.48 – a gain of 4.56 per cent from the closing price of the last trading session. In between, it touched the low of Rs 149.90. The stock is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The stock touched its 52-week high of Rs 205.40 on September 26, 2024, and its 52-week low of Rs 86.10 on June 27, 2025. The company's market cap is Rs 3,435 crore. Wins Order From Madhya Pradesh Government 'Company has secured a prestigious order for an approx 16 MW on-grid solar rooftop project from Madhya Pradesh Urja Vikas Nigam Ltd., Department of New and Renewable Energy, at various locations in Madhya Pradesh,' the company said in an exchange filing. As part of the order, the company will be tasked with designing, supplying, installing, and commissioning on-grid rooftop solar systems, with individual capacities ranging from 1 kilowatt (KW) to 500 KW. The total cost of the project is Rs 60 crore. The order, which needs to be executed within five months from the issuance of the work order, is a testament to Servotech's efficient project management and execution capabilities. Quarterly Results Servotech Renewable Power System has demonstrated significant financial growth, posting a two-fold rise in net profit to Rs 7.71 crore in the March quarter, driven by higher revenues. This growth trajectory is a promising sign for the company's future. It had reported Rs 3.45 crore net profit in the January-March period of the preceding 2023-24 financial year, the company said in a filing on Wednesday. The company's revenues increased 8 per cent to Rs 147.46 crore in the fourth quarter from Rs 136.65 crore in the same period last fiscal, indicating a steady and stable financial performance. For the entire FY25, total revenue increased by 91 per cent to Rs 676.80 crore from Rs 355.26 crore in FY24. With PTI Inputs
India.com
23-06-2025
- Business
- India.com
This company shares gain after acquisition update
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा Shares of NSE-listed Servotech Renewable Power System Ltd gained on Monday, i.e. June 23, 2025, even as equity benchmark indices tumbled in early trade amid rising tensions in the Middle East after the United States bombed three major nuclear sites in Iran. The counter started the session flat at Rs 138.77 but gained to touch the high of Rs 142.34 on the NSE. Last seen, the counter was trading at Rs 139.18 with a gain of 0.30. The stock hit its 52-week high of Rs 205.40 on September 26, 2024, and its 52-week low of Rs 84.88 on June 20, 2024. The market cap of the company is 3,129 crore. Company Shares Update On Acquisition The shares are in action as the company has informed exchanges about a strategic acquisition. In a move that underscores its long-term vision, the company has acquired a 27 per cent stake in New Delhi-based PV Module manufacturer Rhine Solar Ltd. This acquisition, valued at Rs 12.15 crore, is set to significantly enhance the company's backwards integration capabilities. 'As per the agreement, the Company will acquire 27% of the shareholding in Rhine Solar Limited at a post-money valuation, thereby marking a strategic investment aimed at strengthening our backward integration capabilities,' the company said in an exchange filing. As part of the deal, the company will acquire 9,50,106 equity shares of the company at Rs 127.88 per share. The indicative time period for completion of the acquisition is 90 days. Servotech Renewable Power System Share Price Shares of Servotech Renewable Power System have shown a promising trajectory, gaining 9 per cent in the past month. While the counter has corrected 18 per cent in the past six months, on a YTD (year-to-date) basis, the scrip has given a negative return of 17 per cent and has risen 62 per cent in one year. This upward trend is a positive sign for investors. Meanwhile, the company posted a two-fold rise in net profit to Rs 7.71 crore in the quarter ending March 31.
Hindustan Times
04-06-2025
- Business
- Hindustan Times
Elon Musk's father Errol Musk visits Ram Temple: 'One of the best things I've ever done'
Tech billionaire Elon Musk's father, Errol Musk, described visiting the Ram Temple in Ayodhya as one of 'best things' he has ever done. He visited the temple on Wednesday and called it a "wonderful" experience, reported PTI. "It's wonderful, absolutely wonderful (Ayodhya visit). It's one of the best things I've ever done,' PTI quoted Errol as saying. "I'm so glad I came to see it and can't wait till the temple gets completed, the big temple, it's going to be something like a wonder of the world," he added. Apart from the Ram Temple, Errol also visited the nearby Hanumangarhi temple. Visiting the Taj Mahal was also on Errol's schedule initially, however, that might not be the case anymore due to the extreme heat in the region, the report added. Errol Musk, who began his trip to India on June 1 will reportedly be in the country till June 6. While speaking with the reporters after his temple visits, Errol described his experience of being in India so far as 'wonderful' and also shared why he is here. Errol Musk is the Global Advisor to Servotech Renewable Power System Ltd and is here to begin working with the India-based firm. "My experience here in India has been wonderful. I'm here (in India) to begin working with Servotech and am looking forward to spending a lot of time in the country. The temples are marvellous and so are the people," he said. Errol was accompanied by his daughter Alexandra Musk during his visit to Ayodhya, where he landed at around 2.30 pm on Wednesday amid tight security. He wore a traditional Indian attire - a kurta-pyjama - during his visit to the Ram Temple. Errol's visit to India 'is squarely focused on accelerating India's burgeoning green technology and electric vehicle (EV) charging infrastructure development," said Servotech Renewable Power System Ltd. With PTI inputs
Indian Express
04-06-2025
- Business
- Indian Express
Elon Musk's father visits Ram Temple: ‘Wonderful, amazing… Has inspired so many'
BUSINESSMAN AND father of tech billionaire Elon Musk, Errol Musk, reached Ayodhya on Wednesday along with his daughter Alexandra Musk and visited the Ram Temple as well as the Hanuman Garhi temple. Musk also met priests at both the temples. 'Temples are marvelous and the people are even more marvelous,' said Musk. The visit came a day before the conclusion of the three-day rituals of the second Pran Pratistha at the Ram Temple in Ayodhya. Terming his experience as 'wonderful' and 'amazing', Musk also pointed out that the Musk, who is the Global Advisor to Servotech Renewable Power System Ltd, began his India trip on June 1 and will be in the country till June 6, a spokesperson for the Haryana-based company said in a statement. 'It is a wonderful opportunity to see something amazing that has inspired so many people in this country. India is a wonderful place,' said Musk. He further said, 'We have a lot of Indians in my country…I know the Indian culture, coming here just reinforces it. Very good culture, very kind people, full of love, decency…' said Musk soon after his arrival at the Ayodhya airport in a chartered plane around 2:30 pm. 'I am looking forward to spending a lot of time in India. I am very impressed with what I have seen,' he said. Echoing him, Alexandra Musk told mediapersons, 'I have seen the culture, people and food and I am excited to see more. India is a very welcoming place.' Asked if he has any plans of investment in Uttar Pradesh in particular, Musk nodded and said that these 'are being worked out.' – WITH PTI INPUTS
