Synopsis:
Servotech Renewable Power System Ltd has secured a Rs. 5.75 crore rooftop solar contract from Northern Railway Moradabad Division. The project involves end-to-end execution of on-grid solar PV systems and a 10-year comprehensive AMC, reinforcing Servotech’s stronghold in the public sector and commitment to India’s clean energy transition.
India’s renewable energy sector saw a boost as a leading solar solutions manufacturer announced a new order from the public sector, highlighting the continued focus on sustainable energy.
Servotech Renewable Power System Ltd, with a market capitalization of Rs. 3,047.56 crore, opened at Rs. 134.20, touched a high of Rs. 137.25, and recorded a previous close of Rs. 133.72, marking an intraday surge of 2.64 percent.
What’s the News?
Servotech Renewable Power System Ltd, India’s prominent solar solutions manufacturer, has secured a 1.2 MW grid-connected rooftop solar project from Northern Railway Moradabad Division.
Under this contract, Servotech will handle the design, manufacturing, supply, installation, testing, and commissioning of on-grid rooftop solar PV systems across multiple sites in the Moradabad Division.
The initiative aligns with Indian Railways’ sustainability goal to reduce dependency on conventional energy and lower carbon emissions through large-scale renewable integration.
The order, valued at Rs. 5.75 crore, includes a 10-year comprehensive Annual Maintenance Contract and is scheduled to be executed within 12 months of the Letter of Award. This achievement underscores Servotech’s growing footprint in the public sector and reinforces its expertise in delivering large-scale solar projects efficiently and to global standards.
Management Commentary
Speaking on the achievement, Sarika Bhatia, Director, Servotech Renewable Power System Ltd., said, “This project reinforces Servotech’s position as a trusted partner in India’s renewable energy sector.
We’ve already set our foot across multiple railway divisions by securing projects in Northwest, Northeast, East Coast, and Northern Railways. It’s encouraging to see Indian Railways repeatedly placing its trust in Servotech, reaffirming confidence in our brand and project execution. We remain committed to delivering cutting-edge solar solutions that exceed performance expectations while supporting Indian Railways’ vision of sustainable and eco-friendly operations.”
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Financial Snapshot
On a quarter-on-quarter basis, Servotech reported a decline in key metrics. Sales fell from Rs. 146.28 crore to Rs. 136.75 crore, a decrease of 6.5 percent. Operating profit declined from Rs. 12.20 crore to Rs. 10.41 crore, down 14.7 percent, while PBT fell sharply from Rs. 10.50 crore to Rs. 6.57 crore, a 37.4 percent drop. Net profit reduced from Rs. 7.72 crore to Rs. 4.55 crore, marking a decline of 41.1 percent.
On a year-on-year basis, the company showed growth across most metrics. Sales rose from Rs. 112.19 crore to Rs. 136.75 crore, a jump of 21.9 percent. Operating profit increased from Rs. 8.29 crore to Rs. 10.41 crore, up 25.6 percent.
PBT improved modestly from Rs. 6.15 crore to Rs. 6.57 crore, a 6.8 percent rise, while net profit grew from Rs. 4.49 crore to Rs. 4.55 crore, a marginal increase of 1.3 percent.
About the Company
Servotech Renewable Power System Limited (formerly Servotech Power Systems Ltd.) is a company specializing in tech-enabled EV charging solutions, leveraging over two decades of expertise in electronics.
The company offers a broad range of AC and DC chargers compatible with various electric vehicles for both commercial and residential applications. With strong engineering capabilities and a pan-India presence, Servotech continues to drive innovations in EV infrastructure and renewable energy solutions, playing a pivotal role in India’s sustainable growth journey.
written By Manan Gangwar
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