Vitality-efficient options supplier Servotech Energy Programs introduced on Tuesday, 24 June 2025, that it has obtained a ₹60 crore 16 MW on-grid photo voltaic rooftop undertaking order from the Madhya Pradesh Urja Vikas Nigam Ltd, based on an alternate submitting.
“We’re happy to tell all our stakeholders that the corporate has secured a prestigious order for approx 16 MW on-grid photo voltaic rooftop undertaking from Madhya Pradesh Urja Vikas Nigam Ltd, Division of New and Renewable Vitality, at varied areas in Madhya Pradesh,” mentioned the corporate within the BSE submitting.
The submitting knowledge additionally confirmed that the corporate will probably be tasked with designing, supplying, putting in, and commissioning on-grid rooftop photo voltaic methods, with particular person capacities starting from 1 kilowatt (KW) to 500 KW.
In line with the BSE submitting, the order is scheduled to be executed inside the subsequent 5 months.
Servotech Energy Programs is an energy-efficient options supplier which manufactures and provides merchandise like photo voltaic gear, LED lighting, and even electrical automobile (EV) charging options to its prospects.
Shares of Servotech jumped as a lot as 4.5 per cent in the course of the market session on 19 Could 2025, after Billionaire Tesla founder Elon Musk’s father, Errol Musk, visited Servotech’s manufacturing facility.
Servotech Energy Programs Share Worth Pattern
Servotech Energy Programs shares closed 6.96 per cent increased at ₹147.95 after Tuesday’s inventory market session, in comparison with ₹138.32 within the earlier market shut. The corporate introduced the order e-book replace after market working hours on 24 June 2025.
In line with NSE knowledge, shares of the agency hit their 52-week excessive at ₹205.40 on 26 September 2024, whereas the 52-week low was at ₹86.10 on 27 June 2024.
Servotech Energy Programs shares have given inventory market traders greater than 5,770 per cent within the final 5 years and greater than 63 per cent within the final one-year interval. Nevertheless, on a year-to-date (YTD) foundation, the shares have misplaced 11.78 per cent in 2025, however are buying and selling 21.54 per cent increased within the final one-month interval.
The multibagger small-cap firm’s market capitalisation (M-Cap) was at ₹3,326.59 crore as of the inventory market shut on Tuesday, 24 June 2025.
Learn all tales by Anubhav Mukherjee
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