Railway Solar Solutions Provider Wins Rs 13 Crore Solar Project with Northern Central Railway, Agra Division

Servotech Renewable Power System Ltd, a manufacturer of solar and EV charging solutions in India, has been awarded a Rs 13 Crore contract by the Northern Central Railway's Agra Division. The project involves the installation of a 3 MW grid-connected rooftop solar power system.

This order strengthens the partnership between Servotech and Indian Railways, highlighting the trust in the company's ability to execute large-scale renewable energy projects. The project aligns with Indian Railways’ broader sustainability vision, which aims to reduce its carbon footprint and dependency on traditional energy sources by adopting clean energy solutions at scale.

Under the contract, Servotech will manage the entire project lifecycle, including the design, manufacturing, supply, installation, testing, and commissioning of solar panels of varying capacities across multiple railway sites within the Agra Division.

Sarika Bhatia, Director of Servotech Renewable Power System Ltd., commented on the development, stating, "This project stands as a testament to the trust Indian Railways places in Servotech Renewable as a reliable renewable energy brand." She highlighted the company’s proven track record in delivering impactful solar solutions, which has strengthened its collaboration with Indian Railways. She added, "We take immense pride in contributing to Indian Railways’ green vision and remain dedicated to advancing sustainable energy adoption across the nation with innovative, high-performance solar technologies."

Servotech, formerly known as Servotech Power Systems Ltd., is an NSE-listed company with over 20 years of experience in electronics. The company specialises in tech-enabled EV charging solutions, offering a wide range of AC and DC chargers for commercial and domestic use, and plays a key role in building India’s EV technology infrastructure.

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 29 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of 5,896 per cent in 5 years.

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