Solar Solutions Provider Receives Order Worth Rs 28,84,00,000 from North Western Railway Jaipur Division

Servotech Renewable Power System Ltd. (NSE: SERVOTECH), recognised as one of India’s best renewable energy companies, has announced the securing of a prestigious order for a 7.3 MW on-grid rooftop solar project from the North Western Railway, Jaipur Division. The project carries a total value of Rs 28.84 crore and marks yet another milestone in Servotech’s journey of driving India’s clean energy transition.

As part of this contract, Servotech will be responsible for the end-to-end execution of rooftop solar PV systems. This includes the design, manufacturing, supply, installation, testing, and commissioning of solar plants of varying capacities across multiple sites within the Jaipur Division. The initiative aligns with the Indian Railways’ ambitious sustainability agenda, which focuses on reducing its dependency on conventional energy sources and significantly cutting carbon emissions through the integration of renewable energy.

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This contract further solidifies Servotech’s expanding footprint in the public sector, underlining its expertise in handling large-scale solar projects with precision, efficiency, and world-class standards. With this win, Servotech continues to strengthen its mission of empowering India’s energy independence while making a meaningful contribution to the nation’s transition toward a greener and more resilient future.

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 Q1 FY26, 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.

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 36.34 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of over 6,200 per cent in 5 years.

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