THIS company bags its first order from Indian Railways; stock in action | Check Details Here
GH News March 27, 2025 04:06 PM

Servotech Renewable Power System has bagged its first order from Indian Railways. According to the information shared with the exchanges this is the companys first solar rooftop order from the railways. Under this order the company will set up a solar rooftop of around 2 MW for the North Eastern Railway (NER) Lucknow Division.
This entry into the railway sector opens up new avenues for growth and aligns with the companys vision of contributing to a greener future throughout Indian Railways the company said.
Meanwhile the counter opened in green today. It started the session at Rs 124.98 on the NSE against the previous close of Rs 121.29. Last seen the stock held firmly in green and was trading at Rs 122.90.
The counter has a 52-week high of Rs 205.40 and a 52-week low of Rs 75.50. The market cap of the company is Rs 2740 crore.
Earlier Servotech Renewable Power System inked a pact with the Chamber of Indian Micro Small & Medium Enterprises (CIMSME) to boost adoption of solar energy across India.
Under the PM Surya Ghar Muft Bijli Yojana they aim to install 100000 solar rooftop systems in homes by 2026 a statement said.
A key component of this initiative is the launch of a dedicated user-friendly mobile application developed by CIMSME in collaboration with Servotech.
This app simplifies the entire solar adoption process offering homeowners a seamless experience from initial roof inspection and documentation to installation system monitoring and subsidy application assistance the statement said.
To ensure efficient nationwide implementation CIMSME will mobilise a network of approximately 30000 individuals.
Operating on a PIN code basis this dedicated workforce will facilitate sales provide on-the-ground support and oversee the installation process.
Servotech which is already registered with 62 discoms (power distribution companies) across the country will provide comprehensive end-to-end solar solutions including the installation of Solar Photovoltaic Generation Systems (SPGS) ranging from 2kW to 10kW tailored to meet diverse household energy needs.
With PTI inputs