Servotech Secures ₹28.84 Cr Railway Solar Order, Stock Up 3.9%!

Hey there, finance enthusiasts! 👋

Big news is buzzing from the renewable energy sector! Servotech Renewable Power System Limited, a name increasingly synonymous with green power solutions, has just announced a significant win that’s sure to light up its future – and perhaps its stock performance too! 🚀

The company has secured a prestigious order from the Jaipur Division of North Western Railway to install a massive 7.3 MW ON-Grid solar rooftop power plant. This isn’t just any order; it’s a substantial domestic contract valued at a whopping INR 28.84 crore! Imagine the scale: 7.3 megawatts of solar power harnessing the sun’s energy right on railway rooftops. That’s a huge step towards greener operations for the Indian Railways. 🚂☀️

This project involves the complete package: supply, installation, testing, and commissioning of the solar plant. Servotech is expected to complete this ambitious undertaking within six months from the issue of the Letter of Award (LOA). Talk about efficiency!

This win underscores Servotech’s growing footprint in India’s renewable energy landscape, especially in large-scale infrastructure projects. It’s a clear sign of the country’s push towards sustainable energy sources and the increasing adoption of solar power by major public entities like the Indian Railways.

The market seems to have reacted positively to this development, with Servotech’s stock seeing a 3.9% uptick, trading at ₹129.5. It’s exciting to see companies like Servotech contributing to a cleaner, more sustainable future while also creating value for their stakeholders.

Keep an eye on Servotech as they continue to power India’s green revolution! What are your thoughts on this major solar push by the railways? Let us know in the comments! 👇

source: Corporate Announcement

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