Servotech Renewable Power System Limited has informed the Exchange regarding a press release dated April 07, 2026, titled "Servotech Renewable Secures 67% share across multiple tenders of DC Fast EV Chargers floated by PSUs/OMCs".

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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Servotech Renewable Power System Limited has won approximately 67% share across multiple tenders floated by Public Sector Undertakings and Oil Marketing Companies for DC Fast EV Chargers. Against a total tendered quantity of about 631 units, Servotech secured orders for 423 units of 60kW and 120kW DC Fast EV Chargers. These orders were awarded in the last quarter of FY2025-26 and will be implemented in FY2026-27. The chargers will support India's EV charging infrastructure expansion along highways and high-utilization corridors. This represents a significant order win that reinforces the company's execution capabilities and market position in the fast-charging segment.

Likely market impact

Winning 67% of these PSU and OMC tenders significantly strengthens Servotech's order pipeline for FY2026-27 and demonstrates strong product competitiveness in the EV charging infrastructure market. This should be viewed positively by investors as it validates the company's capabilities in large-scale EV infrastructure programs.