Servotech’s Solar Win: Rs 336 Million Railways Project Sparks Market Rally

Servotech Renewable Power System has clinched a major contract worth Rs 336 million from the Northeast Frontier Railway for a 7.8 MW grid-connected solar rooftop project. The work will take place in the Rangiya Division and includes not just the installation of solar panels but also a comprehensive five-year maintenance contract to keep the systems running efficiently.

 

Key Highlights:

 

Project Scope: Servotech will design, supply, install, test, and commission rooftop solar power plants across several railway buildings. The project uses monocrystalline panels and includes inverters with remote monitoring, ensuring real-time performance tracking and reliability.

 

Sustainability Push: This initiative is a big step for the Northeast Frontier Railway’s green energy ambitions. By switching to solar, the railway aims to cut its carbon footprint and improve energy efficiency across its operations.

 

Long-Term Support: The five-year Annual Maintenance Contract (AMC) and Comprehensive AMC (CAMC) cover ongoing support, ensuring the solar installations operate at peak performance.

 

Company Growth: The contract win has boosted Servotech’s standing in India’s renewable energy sector. The company’s stock surged over 14% after the announcement, hitting new highs and reflecting investor confidence.

 

Leadership Comments: Sarika Bhatia, Director at Servotech, called the project a testament to the company’s expertise in delivering reliable solar solutions and supporting India’s shift toward clean energy.

 

Servotech, already known for its solar and EV charging products, sees this project as another step in its mission to drive India’s clean energy transition.

 

Sources: Financial Express, BusinessWorld, Moneycontrol, TradeBrains