Solar stock jumps after signing an exclusive strategic partnership with Zhuhai Piwin New Energy Co., Ltd

On Monday, shares of Servotech Power Systems Ltd jumped 7.3 per cent to Rs 132.99 per share from its previous closing of Rs 123.96 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share.

Servotech Renewable Power System Limited, India’s leading renewable energy and EV charging solutions provider, has entered into an exclusive strategic partnership with Zhuhai Piwin New Energy Co., Ltd. (Pilot Group), China. The collaboration will focus on technology support and local manufacturing of advanced Battery Energy Storage Systems (BESS) in India, fully aligned with the Government’s ‘Make in India’ mission.

This exclusive partnership underscores Servotech’s commitment to driving India’s clean energy transition by combining Piwin’s global BESS expertise with Servotech’s domestic manufacturing capabilities and market leadership. Together, the companies aim to deliver robust, scalable and future-ready energy storage solutions tailored for India’s rapidly growing renewable energy ecosystem.

Battery Energy Storage Systems play a critical role in ensuring grid stability, energy security and round-the-clock renewable integration. Through this collaboration, Servotech will accelerate innovation, support indigenous manufacturing and contribute to building a sustainable energy ecosystem that enhances India’s energy independence. With this strategic move, Servotech further strengthens its role as a key enabler of India’s renewable energy adoption, offering innovative solutions that empower industries, communities and individuals to embrace clean, reliable power.

Commenting on the development, Raman Bhatia, Managing Director, Servotech Renewable Power System Ltd, said: “This exclusive partnership with Zhuhai Piwin New Energy Co., Ltd. is a milestone in Servotech’s journey. By bringing cutting-edge global technology to India and aligning it with our strong domestic expertise, we are set to deliver indigenous BESS solutions that reinforce the ‘Make in India’ vision and pave the way for a sustainable, secure and self-reliant energy 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 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 2,900 crore. The stock is up 36.33 per cent from its 52-week low of Rs 97.55 per share and delivered multibagger returns of over 6,000 per cent in 5 years.

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