Servotech Power Systems Ltd News
Servotech Power Systems Q2 results: Net profit grows to Rs 11.2 cr
Servotech Power Systems on Monday reported over three-fold rise in consolidated net profit at Rs 11.24 crore in September quarter, aided by higher income. Its "net profit for the period" was at Rs 3.12 crore in the July-September period of preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose over two-fold to Rs 200.06 crore from Rs 86.59 crore in the year-ago period. In the April-September, the company has reported a two-fold rise in net profit to 15.73 crore from Rs 7.23 crore recorded in the six-month period last fiscal. In a separate statement, the company said it has introduced a new range of energy solutions. "High-tech range of solar on-grid inverters, solar hybrid inverters, solar micro inverters, battery energy storage systems, and solar pump controllers have been brought in alignment with schemes like PM Surya Ghar Muft Bijli Yojana and PM-KUSUM Scheme," the company said. The solutions targeting residential and commercial roof
 "Servotech Power Systems Q2 results: Net profit grows to Rs 11.2 cr")
Servotech ties up with Ensmart Power to expand EV charger business in UK
Servotech Power Systems on Wednesday announced its collaboration with UK-based Ensmart Power to expand EV (electric vehicle) Charger business in the UK and beyond. This agreement will capitalise on the rapid growth of electric vehicle adoption in these regions, the company said in a statement. By combining Servotech's innovative EV charging solutions with Ensmart Power's expertise in energy storage and distribution, the partnership aims to provide a reliable and accessible charging infrastructure for consumers, it stated. According to the statement, Servotech Power Systems Ltd, a leading EV charger manufacturer, and UK-based Ensmart Power, a pioneer in critical power, solar, and energy storage systems, have signed a sole distribution agreement to expand their EV charger distribution network across the UK and beyond, including North America. The collaboration will drive the development of green mobility alternatives, contributing to a carbon-neutral transportation ecosystem and sett
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Servotech Power gets order to set up 9 EV charging stations in Maharashtra
Servotech Power Systems on Monday said it has secured an additional order in Maharashtra to set up nine EV charging stations. With this, the total number of EV charging stations set up by the company will reach 29. The additional orders have been secured from Nashik Municipal Corporation (NMC), the company said in a statement. "Previously, the company had received an order from NMC which involved supplying, commissioning, and constructing 20 EV charging stations throughout the corporation area," it said. This order will meet the growing need for convenient electric vehicle (EV) charging infrastructure and ensure consumers a clean energy supply for intercity and interstate travel, Sarika Bhatia, Director of Servotech Power Systems, said. Servotech Power Systems is a listed entity that develops tech-enabled EV charging and solar solutions.
 "Servotech Power gets order to set up 9 EV charging stations in Maharashtra")
