Archive · 5 Jun 2025
Servotech Shares Surge 14% After Securing Railway Solar Project
Servotech Renewable Power System, a company that makes EV chargers, saw its stock price jump because they got a new order.
They'll be building a solar power system on the roof of a building for the Northeast Frontier Railway.
This project is worth Rs 33.6 crore.
They will design, deliver, set up, test, and start up the solar panels.
The company needs to finish the project within half a year.
This news caused the company's stock price to rise, showing a positive reaction from investors.
Servotech Renewable Power System shares increased by over 14% due to a new order.
The company secured a Rs 33.6 crore order from Northeast Frontier Railway.
The order is for a 7.8MW grid-connected solar rooftop project.
The project includes designing, supplying, installing, testing, and commissioning.
The project must be completed within six months.
- Who
- Servotech Renewable Power System
- What
- Servotech secured a Rs 33.6 crore order for a solar project and shares surged.
- When
- Today
- Where
- Stock Market
- Why
- Shares rose due to a new order win.
- Share Price Gain
- 14%
- Order Value
- Rs 33.6 crore
- Client
- Northeast Frontier Railway
- Project Type
- Solar Rooftop
- Project Capacity
- 7.8MW
- Completion Timeframe
- 6 months
