Servotech Renewable Secures INR 60 Crore Solar Rooftop Project in Madhya Pradesh

Servotech Renewable Power System Limited (SERVOTECH) has secured a prestigious domestic order worth approximately INR 60 crore from Madhya Pradesh Urja Vikas Nigam Ltd., a department under the New and Renewable Energy Ministry. The announcement, made on June 24, 2025, details a significant project for the design, supply, installation, and commissioning of a 16 MW on-grid solar rooftop system.

The project encompasses various locations within Madhya Pradesh, with individual system capacities ranging from 1 KW up to 500 KW. This substantial order underscores Servotech’s growing footprint in India’s renewable energy sector, particularly in the burgeoning solar segment.

According to the company’s filing, the project is expected to be executed within five months from the issuance of the work order. This swift turnaround time highlights the company’s operational efficiency and commitment to timely project delivery.

At the time of the announcement, Servotech Renewable Power System Limited’s stock was trading at INR 147.8, marking a modest increase of 0.6%.

source: Corporate Announcement

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