Solar Solution Provider-Servotech Renewable Secures Rs 16.31 crore grid-connected solar project from Railway Energy Management Company Ltd

DSIJ Intelligence-1 / 21 Nov 2025/ Categories: Multibaggers, Trending

From Rs 2.20 to Rs 98.80 per share, the stock has delivered multibagger returns of over 4,300 per cent in 5 years.

Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India’s leading manufacturer of advanced Solar and clean energy solutions, has been awarded a Rs 16.31 crore ground-mounted and rooftop on-grid solar project by Railway Energy Management Company Limited (REMCL), a Joint Venture of RITES Ltd. and the Ministry of Railways. As part of the contract, Servotech Renewable will undertake the Design, Engineering, Supply, Installation, Testing, and Commissioning of both ground-mounted and rooftop solar power plants of multiple capacities at the Dedicated Freight Corridor Corporation of India Limited (DFCCIL) Complex in Noida.

Additionally, the project includes 10 years of comprehensive Operation & Maintenance, ensuring consistent power generation and long-term system reliability. This achievement further strengthens Servotech’s footprint in India’s fast-growing railway and Logistics infrastructure sector. These solar installations will significantly support REMCL and DFCCIL’s goal of integrating renewable energy into core operational infrastructure, reducing dependence on conventional power sources, optimising energy costs, and advancing India’s mission toward clean and sustainable industrial growth.

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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.

The company has a market cap of over Rs 2,100 crore and the stock is trading below Rs 100 per share. From Rs 2.20 to Rs 98.80 per share, the stock has delivered multibagger returns of over 4,300 per cent in 5 years.

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