Shares of Servotech Renewable Energy System Ltd shot up 14% on Wednesday, 4 June, after receiving a prestigious work order from the Rangiya Division of the Northeast Frontier Railway for a 7.8 MW grid-connected photo voltaic rooftop mission.
The mission entails designing, supplying, putting in, testing, and commissioning a rooftop solar energy system comprising monocrystalline panels and inverters, together with distant monitoring techniques that includes SIM-based connectivity, to be deployed at a number of Rangiya Division websites.
The work should be accomplished inside six months of the letter of acceptance (LoA).
Moreover, the deal, value Rs 33.6 crore, features a complete 5-year Annual Upkeep Contract (AMC) / Complete Annual Upkeep Contract (CAMC) for quite a few buildings within the Rangiya Division.
Furthermore, the mission demonstrates Servotech’s sturdy execution capabilities and rising presence in India’s renewable vitality sector, significantly within the supply of large-scale photo voltaic and infrastructure initiatives.
Sarika Bhatia, director of Servotech Renewable Energy System, said, We’re extraordinarily proud to associate with the Northeast Frontier Railway on this crucial photo voltaic rooftop mission. This order demonstrates Servotech’s skill to supply high-quality, dependable, and sustainable photo voltaic vitality options. We’re dedicated to aiding India’s transition to a greener future, and initiatives like these are crucial to attaining that goal. Our complete AMC/CAMC may even be certain that the photo voltaic installations are environment friendly and work effectively over time.
Servotech Renewable Energy System creates technology-enabled EV charging techniques. The corporate supplies a big selection of AC and DC chargers which are suitable with many electrical automobiles and serve a wide range of functions, together with industrial and residential.
At 2:30 pm, the shares of Servotech Renewable have been buying and selling 11.29% increased at Rs 164.92 on NSE.
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