Solar solutions provider enters into a joint venture agreement with BEKEM Infra Projects Pvt Ltd

DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Multibaggers, Trending

Solar solutions provider enters into a joint venture agreement with BEKEM Infra Projects Pvt Ltd

The stock is up 28 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of 5,763 per cent in 5 years.

Servotech Renewable Power System Limited has entered into a Joint Venture Agreement with BEKEM Infra Projects Private Limited to jointly bid for government-led renewable energy projects. This partnership is specifically for projects related to rooftop solar and other associated infrastructure under various government schemes. As part of the agreement, Servotech will not issue any equity shares to its new joint venture partner.

Earlier, the company secured a Rs 28.84 crore order from the North Western Railway, Jaipur Division, to execute a 7.3 MW on-grid rooftop solar project. The contract involves the complete design, manufacturing, supply, installation, testing, and commissioning of solar PV systems at multiple sites. This project supports the Indian Railways' sustainability goals by reducing its reliance on conventional energy sources and cutting carbon emissions.

About the Company

Servotech Renewable Power System Limited, formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions and a solar solution provider. 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 Q1 FY26, up from Rs 448.94 lakh in Q1 FY25.

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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 2,800 crore. The stock is up 28 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of 5,763 per cent in 5 years.

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