New Delhi: Shares of Servotech Renewable Power System Ltd. are in focus today as the company has been granted a patent by the Indian Patent Office for its proprietary innovation titled “System and Method for Peak Shaving”. The patent is effective for a period of 20 years from its original filing date. The counter opened in green at Rs 126 against the previous close of Rs 123.52. It surged further to touch the high of Rs 128.38 - a gain of 3.93 per cent from the previous close. Last seen it was trading at Rs 126.18. The 52-week high of the stock is Rs 205.40 and the 52-week low is Rs 75.50. The company has been granted patent by the Indian Patent Office. According to the company the patented solution enables an intelligent reduction of peak electricity demand improving energy efficiency and offering cost-saving benefits to users while contributing to grid stability. “This patent recognition is a powerful validation of our R&D efforts. It accelerates our strategic push into future-ready energy solutions and aligns with our vision of delivering long-term value to our shareholders and partners said Raman Bhatai founder and managing director of the company. Earlier the company inked a pact with the Chamber of Indian Micro Small & Medium Enterprises (CIMSME) to boost the 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 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. With PTI inputs