Archive · 19 Nov 2025
Servotech Renewable Secures ₹73.70 Cr Rooftop Solar Project in Andhra Pradesh
Servotech Renewable Power System, a solar and EV company, got a big project in Andhra Pradesh.
They'll put solar panels on the roofs of many poor people's homes, giving them clean electricity.
The company's stock price went up and down a bit because of this news.
Servotech Renewable Power System has secured a ₹73.70 crore order from NREDCAP for rooftop solar projects in Andhra Pradesh
The project involves installing grid-connected rooftop solar systems for 5,886 SC and ST households in the Kavali division
The project will be executed through a Utility-Led Aggregation (CAPEX) model with five years of comprehensive operations and maintenance
Servotech Renewable's share price rebounded 3% after the project announcement, following an initial 1.8% drop
The project is expected to deliver clean and affordable power to thousands of beneficiaries, supporting Andhra Pradesh's renewable-energy goals
- Who
- Servotech Renewable Power System Ltd.
- What
- Secured a ₹73.70 crore rooftop solar project
- When
- Wednesday, unspecified date
- Where
- Andhra Pradesh, India
- Why
- To provide clean and affordable power to underserved households and support the state's renewable-energy goals
Servotech Renewable's Optimism
Market Uncertainty
Project Significance
Servotech Renewable's Optimism
A major milestone in Servotech's mission to scale clean-energy infrastructure
Market Uncertainty
Potential impact on Servotech's financial performance remains to be seen
- Project Value
- ₹73.70 crore
- Households Benefited
- 5,886 SC and ST households
- Project Duration
- 5 years of comprehensive operations and maintenance
- Stock Price Change
- Rebounded 3% to ₹97.95 after initial 1.8% drop
- Project Initiative
- PM Surya Ghar: Muft Bijli Yojana
