Servotech Renewable Power System Limited has informed the Exchange regarding a press release dated April 23, 2025, titled "Company has secured a prestigious order aggregating to INR 15.89 Crores from Waltair Division, East Coast Railway, for on‐grid rooftop solar project".
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Servotech Renewable Power System Limited has secured an order worth INR 15.89 Crores from the Waltair Division of East Coast Railway. The order is for setting up an on-grid rooftop solar project, which means the solar power generated will be fed into the railway's existing electricity supply system. East Coast Railway is a government-owned entity under Indian Railways, making this a public sector contract. The announcement was made via a press release dated April 23, 2025, and shared with the stock exchanges as a regulatory disclosure.
This is a positive development for shareholders as it adds a new government-backed order to the company's order book and strengthens its presence in the railway solar segment. However, the order size is relatively modest, so the immediate impact on stock price may be limited unless it leads to follow-up orders from other railway divisions.