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.
Awaiting price reaction for this filing.
Servotech Renewable Power System has won a domestic order worth INR 28.84 crore from the Jaipur Division of North Western Railway. The scope covers supply, installation, testing, and commissioning of a 7.3 MW on-grid solar rooftop power plant. The project must be completed within 6 months from the date of the Letter of Award. The order is a domestic government contract with no related party involvement and no promoter interest in the awarding entity.
This is a positive development as it adds a sizable government-backed order to Servotech's order book, strengthening revenue visibility in the near term. The 6-month execution window means the full revenue impact will likely be reflected over the next two-to-three quarters.