Servotech Renewable Wins Railway Order of Rs 13 Cr; Strengthens Green Energy Footprint

The premier solar solutions manufacturer in India, Servotech Renewable Power System Ltd. (NSE: SERVOTECH), is thrilled to report that it has secured a 3 MW grid-connected rooftop solar project from the Northern Central Railway, Agra Division, valued at Rs 13 Crore. This accomplishment highlights Servotech's position in spearheading India's renewable energy revolution and demonstrates Indian Railways' ongoing faith in the company's expertise.

The on-grid rooftop solar PV project will be fully executed by Servotech Renewable in accordance with the contract. This includes designing, producing, supplying, installing, testing, and commissioning solar panels of various capacities across many railway locations in the Agra Division.

"This initiative aligns with Indian Railways' sustainability vision by reducing dependence on conventional energy sources and adopting renewable energy at large-scale to cut carbon emissions," said Servotech Renewable Power System in a stock exchange filing.
Sarika Bhatia, Director, Servotech Renewable Power System Ltd. said, "This project stands as a testament to the trust Indian Railways places in Servotech Renewable as a reliable renewable energy brand. Over the years, our consistent delivery of impactful solar solutions has strengthened this partnership and showcased our ability to execute large-scale projects with excellence. We take immense pride in contributing to Indian Railways' green vision and remain dedicated to advancing sustainable energy adoption across the nation with innovative, high-performance solar technologies."

Following the announcement, the shares of Servotech Renewable Power System Ltd ended on Monday, 29th September, 0.71% down at Rs 123.80 on the NSE with a market cap of Rs 2.80KCr. Servotech Renewable Power System Ltd.'s stock has shown significant volatility over the past year, touching a 52-week high of Rs 205.40 on September 26, 2024, before sliding to a 52-week low of Rs 97.55 on April 7, 2025. At the current market price of Rs 123.80, the stock is trading well below its peak, reflecting a sharp correction of nearly 40% from its high, but still maintaining a recovery of over 27% from its yearly low.