Servotech Renewable Power System Limited has informed the Exchange about General Updates
SERVOTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Servotech Renewable Power System has terminated a ₹73.70 Crore order from NREDCAP (New & Renewable Energy Development Corporation of Andhra Pradesh Ltd) for Grid Connected Rooftop Solar Projects in the Kavali Division. The order, originally disclosed on November 19, 2025, was cancelled because NREDCAP revised payment and commercial terms after issuing the Letter of Award. The company found the revised terms unviable and decided not to proceed. The bank guarantee submitted against the order has been withdrawn, and no revenue was ever booked from this contract.
No material financial impact since no revenue was recognized and no obligations remain. However, the loss of a ₹73.70 Crore government solar order removes a potential revenue contributor, which may temper near-term growth expectations for the solar segment.