Servotech Renewable Power System Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SERVOTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Servotech Renewable Power System Limited has secured a domestic order from South Central Railway's Vijayawada Division for a 1415 kW solar rooftop project. The contract covers design, engineering, supply, installation, testing, and commissioning of grid-connected rooftop solar systems across multiple railway sites in the division. The order is to be executed within 6 months of the Letter of Award (LOA). The company confirmed no related party transaction and that no promoter group has any interest in the awarding entity. This is a positive development as it expands Servotech's footprint in the government solar segment.
A positive signal for the stock as it demonstrates continued order book growth from a government entity. However, without revenue figures disclosed, the relative size of this contract cannot be assessed.