After Servotech Renewable Power System, one of India’s top renewable energy companies, announced that it had secured an esteemed order for a 7.3 MW on-grid rooftop solar project from the North Western Railway, Jaipur Division, the company’s share price jumped as much as 7.45% during early trading on Wednesday, August 20. The project is worth Rs 28.84 crore in total.
The share price of Servotech Renewable Power System is rising significantly today, now trading on the NSE at about Rs 131.50. The aforesaid order achievement is what caused this rise of more than 5% from its previous closure of Rs 124.62. The stock climbed 7.45% from its previous close to reach an intraday high of Rs 133.90.
Servotech will be in charge of the entire installation of rooftop solar PV systems as part of this contract. This covers the planning, building, supplying, installing, testing, and commissioning of solar plants of different capacities at various locations around the Jaipur Division.
Sarika Bhatia, Director, Servotech Renewable Power System Ltd. said, “We are honoured to receive this important 7.3 MW rooftop solar order from the Jaipur Division of the North Western Railway. The project reaffirms Servotech’s standing as a trusted and reliable partner in India’s renewable energy space. We remain deeply committed to offering cutting-edge solar solutions that not only meet but exceed performance expectations, contributing towards Indian Railways’ vision of sustainable and eco-friendly operations.”
“This contract further solidifies Servotech’s expanding footprint in the public sector, underlining its expertise in handling large-scale solar projects with precision, efficiency, and world-class standards. With this win, Servotech continues to strengthen its mission of empowering India’s energy independence while contributing meaningfully to the nation’s transition toward a greener and more resilient future,” Servotech Renewable Power System informed stock exchanges on Tuesday.
The largest producer of EV chargers in India and a top supplier of solar solutions, Servotech Renewable Power System Limited, also recently released its Q1FY26 results. On a standalone basis, the company reported revenue from operations with a growth of 28.01% in Q1 FY26 to Rs 12,513.59 lacs from Rs 9,775.48 lacs in Q1 FY25. The standalone EBITDA climbed from Rs 869.66 lacs in Q1 FY25 to Rs 1,423.17 lacs in Q1 FY26, a 63.65% rise. The company’s net profit experienced a substantial rise of 59.18%, standing at Rs 755.06 lacs in Q1 FY26, compared to Rs 474.34 lacs in the year-ago quarter.
From a manufacturer of power conditioning equipment to a major force in the renewable energy industry, Servotech Renewable Power System Ltd. is an Indian firm that specializes in solar products and electric vehicle (EV) chargers. The company’s ongoing stream of new projects and its growth into new sectors, such as in-house EV charger component production and overseas markets, such as the UK, make the stock one to consider going forward, even though its stock price has recently declined.