By Newscript News Network
August 20, 2025
Shares of Servotech Power Systems rose nearly 7% on August 20 after the company announced it had secured a ₹28.84 crore order for the supply, installation, testing and commissioning of a grid-connected solar power plant.
For Servotech, best known for its EV charging equipment and solar solutions, the order is a milestone that underscores its growing importance in India’s decentralised renewable push. The solar project, set for commissioning in FY26, will enhance distributed capacity and provide cleaner power directly to industrial users.
“The market is beginning to reward small and mid-sized renewable firms that can deliver cost-effective, customised solutions,” said an energy consultant in New Delhi. Servotech has also diversified into battery storage, hybrid inverters and rooftop systems, positioning itself to benefit from the boom in behind-the-meter renewable installations.
Analysts note that while large PSUs and conglomerates dominate utility-scale projects, firms like Servotech are carving niches in distributed solar and EV infrastructure. This aligns with government targets to install 50 GW of renewable capacity annually and expand EV charging networks.
Investors see the ₹28.84 crore order as a signal of momentum: “These contracts give credibility to mid-cap green tech companies,” said a Mumbai brokerage analyst. The stock’s rally indicates rising investor appetite for firms bridging the gap between rooftop solar, industrial captive plants and mainstream utility projects.