Servotech Renewable skyrockets 14% on this deal win; check key details here

Servotech Renewable share price: Servotech Renewable Power Systems (Servotech Renewable) shares were in demand on Wednesday, June 4, 2025, with the stock rising up to 14.42 per cent to hit an intraday high of ₹168.50 per share. 

 

At 11:25 AM, Servotech Renewable share was trading 11.57 per cent higher at ₹164.30 per share. In comparison, Nifty50 was trading 0.2 per cent higher at 24,591.50 level.  Follow Stock Market Latest Updates Today LIVE

What triggered an upward rally in Servotech Renewable shares today?

Shares of Servotech Renewable surged after the company secured an order for a 7.8 MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway.

 

The contract, worth ₹33.6 crore, includes a comprehensive 5-year Annual Maintenance Contract (AMC) across various buildings within the division.

 

Servotech Renewable said the project will boost the railway’s sustainability initiatives by reducing its carbon footprint through clean energy generation.

 

“This prestigious project underscores Servotech’s expertise and growing presence in India's renewable energy sector, particularly within large-scale infrastructure development,” Servotech Renewable said, in a statement.

 

It added that the solar installation will aid the Northeast Frontier Railway in improving energy efficiency while promoting environmentally responsible operations.  ALSO READ | Gland Pharma share rises 2% in trade on Wednesday, June 4; here's why

 

"We are immensely proud to partner with the Northeast Frontier Railway on this crucial solar rooftop project. This order is a testament to Servotech's capabilities in delivering high-quality, reliable, and sustainable solar energy solutions. We are committed to supporting India's transition towards a greener future, and projects like these are vital in achieving that goal. Our comprehensive AMC/CAMC will also ensure the long-term efficiency and performance of the solar installations," said Sarika Bhatia, director, Servotech Renewable Power System.

About Servotech Renewable Power System 

Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. 

 

Backed by over 20 years of expertise in the electronics industry, the company delivers a wide portfolio of AC and DC chargers designed for compatibility across various electric vehicles and use cases—ranging from residential to commercial applications.  ALSO READ | Waaree Renewable share price pops 4% on securing order worth ₹346 crore

 

Leveraging its strong engineering capabilities, Servotech Renewable aims to be a key enabler in building and strengthening India’s electric vehicle infrastructure.