EV Charger & Solar Solutions Provider Inks Pact with Enovra Energy Solutions Ltd to Expand its Business in Mauritius

Servotech Renewable Power System Ltd. (NSE: SERVOTECH), a leading player in the renewable energy and EV charging sector, has entered into a definitive trade agreement with Mauritius-based Enovra Energy Solutions Limited. Under this agreement, Servotech will supply EV chargers and solar solutions to Enovra Energy Solutions Limited for distribution and deployment across Mauritius and other surrounding regions.

As part of this agreement, both companies have established a binding commitment, ensured long-term business consistency and reinforced the partnership’s seriousness and scalability. Enovra Energy Solutions, a key player in Mauritius’s renewable energy sector, will act as Servotech’s exclusive representative on the island. With this agreement, Enovra will distribute Servotech’s portfolio of products, including solar solutions and EV chargers, strengthened by manufacturer-backed technical support and bring an affordable renewable energy experience to Mauritius with affordable solar and EV solutions to promote the adoption of green energy in the country. This association not only expands Servotech’s international presence but also builds on Enovra’s mission to transform clean energy accessibility in Mauritius and beyond.

About the Company

Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India's burgeoning EV infrastructure, solidifying their legacy as a trusted brand known for innovation and technological advancements across the country.

In Q1FY26, the company reported significant financial growth. Total Revenue increased by 21.99 per cent to Rs 13,716.54 lakh from Rs 11,243.92 lakh in Q1 FY25. EBITDA also saw a substantial rise of 26.87 per cent, reaching Rs 1,083.18 lakh compared to Rs 853.74 lakh in the previous fiscal year. Profit After Tax (PAT) grew by 1.36 per cent, amounting to Rs 455.05 lakh in Q1FY26, up from Rs 448.94 lakh in Q1FY25.

FIIs bought 2,63,041 shares in Q1FY26 and increased their stake to 2.99 per cent compared to Q4FY25. The company has a market cap of over Rs 3,000 crore. The stock is up over 40 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of 6,471 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.