Archive · 21 Jun 2025
Servotech to Acquire Stake in Rhine Solar, Expanding Solar Presence
Servotech, a solar solutions company, is buying a portion of Rhine Solar for about ₹12.15 crore.
Rhine Solar makes various solar products.
This move allows Servotech to make solar panels themselves.
Rhine Solar had good sales last year and plans to make more panels.
Servotech's goal is to be the only company you need for all things solar, including making solar panels.
Servotech Renewable to acquire a 27% stake in Rhine Solar for ₹12.15 crore.
The acquisition allows Servotech to enter the PV module manufacturing sector.
Rhine Solar manufactures solar panels, lamps, cookers, and related products.
Rhine Solar's FY25 turnover was ₹82.41 crore, with plans to expand production.
Servotech aims to become a fully integrated solar solutions provider.
- Who
- Servotech Renewable Power System acquired Rhine Solar Ltd.
- What
- Servotech Renewable Power System acquired a 27% stake in Rhine Solar Ltd.
- When
- The acquisition is expected to be completed within 90 days.
- Where
- New Delhi
- Why
- To strengthen its backward integration capabilities and expand into PV module manufacturing.
- Acquisition Stake
- 27%
- Acquisition Cost
- ₹12.15 crore
- Rhine Solar Turnover (FY25)
- ₹82.41 crore
- Rhine Solar Current Capacity
- 100 MW
- Rhine Solar Planned Capacity
- 600 MW by 2026
- Servotech Share Price (Friday)
- ₹138.79
