Servotech Renewable Jumps Over 14% After Securing Rs 336 Mn Railway Order

After starting at Rs 150.40 on the NSE, Servotech Renewable Power System Ltd.'s shares saw a strong advance on the D-Street on Wednesday. They reached an intraday high of Rs 168.50, marking a 14.43% upbeat move from the previous close. Following Servotech Renewable's announcement that it received a significant contract of Rs 336 million from the Rangiya Division of the Northeast Frontier Railway for a 7.8MW Grid-connected solar rooftop project, the stock price surged.

The goal of the order is to design, supply, installation, testing, and commissioning of grid connected rooftop solar power plant consisting Monocrystalline Panel, inverter with remote monitoring system including SIM at various sites of Rangiya division which also includes a comprehensive 5-year Annual Maintenance Contract (AMC) as per Servotech Renewable Power System.

Servotech Renewable's stock also experienced positive sentiment during Errol Musk's visit to India. Musk is the company's global advisor and the father of Elon Musk. From June 1 to June 6, Errol will be in India for five days. In May of this year, Errol Musk was appointed to the NSE-listed small-cap company Servotech's Global Advisory board.

"Global Advisor to Servotech Renewable Power System Ltd., emphasizes India's potential to lead the global green revolution. He highlights Servotech's mission to drive innovation in green technology and EV charging infrastructure, paving the way for a sustainable future," Servotech Renewable Power System said in a post shared in X.

Speaking to PTI, tech billionaire Elon Musk's father, Errol Musk said "India has made great strides, is making great strides, and continues to do so. From the government's perspective, they are actively pushing for it as well. India is a very important country in this regard, so yes, I'm happy with what I see. I think it's very good. However, it still needs to improve and get better because the demand for charging and electricity storage is expected to grow at least tenfold over the next five years. Financially, the industry is projected to grow from a $10 billion industry to somewhere between $100 and $150 billion within five years in India," in his view of India's advances in green technology and EV charging infrastructure.

In May, Servotech Renewable Power System said that its net profit for the quarter ending in March 2025 increased by 127.11% to Rs 7.79 crore, compared to Rs 3.43 crore in the previous quarter ending in March 2024. Compared to Rs 136.17 crore in Q4FY24, sales increased 7.42% to Rs 146.28 crore in Q4FY25. The net profit for the entire year surged by 178.40% to Rs 32.74 crore in March 2025 compared to Rs 11.76 crore in March 2024. Compared to Rs 353.68 crore in FY24, sales increased 90.69% to Rs 674.44 crore in FY25.

With its premium solar products and incredibly effective EV chargers, Servotech Renewable Power System Limited is leading the drive to transform the energy industry.