Servotech Renewable Power System Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SERVOTECH · price
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Servotech Renewable Power System has secured an order worth INR 336 million (about ₹33.6 crore) from the Rangiya Division of Northeast Frontier Railway. The order covers design, supply, installation, testing, and commissioning of a 7.8MW grid-connected rooftop solar power plant using monocrystalline panels, inverters with remote monitoring, and includes a 5-year comprehensive annual maintenance contract. The project is to be completed within 6 months from the date of the Letter of Acceptance. The order is purely domestic and there is no related-party interest involved. This adds to the company's order book in the government/infrastructure solar segment.
Positive — the order strengthens Servotech's solar EPC order book with a creditworthy government client (Indian Railways) and supports near-term revenue visibility. The 6-month execution timeline means revenue booking will be relatively quick, though the order size is modest for a single contract.