Servotech Renewable Power System Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "Servotech Secures Approx 16 MW On-Grid Solar Rooftop Project from Madhya Pradesh Urja Vikas Nigam Ltd.".
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Servotech Renewable Power System Ltd. has won an approximate 16 MW grid-connected solar rooftop project from Madhya Pradesh Urja Vikas Nigam Ltd., the state's nodal agency under the Department of New and Renewable Energy. Servotech will handle end-to-end execution including design, supply, installation, and commissioning of rooftop solar systems ranging from 1 KW to 500 KW capacity each. The project aims to solarize multiple government buildings and offices across Madhya Pradesh and comes with a 5-year warranty. No financial value for the order has been disclosed. The win marks Servotech's entry into Madhya Pradesh's state-level solar rollout and strengthens its position as a partner for public-sector renewable energy projects.
Positive for the stock — this is a meaningful new government order that expands Servotech's state-level footprint and adds to its order book, though the absence of a disclosed contract value limits near-term earnings visibility.