Servotech Renewable Power System Limited has informed the Exchange regarding a press release dated Jun 03, 2025, titled "Servotech Secures 7.8 MW Grid-Connected Solar Rooftop Project from Northeast Frontier Railway".
SERVOTECH · price
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Servotech Renewable Power System has secured a 7.8 MW grid-connected solar rooftop project from the Rangiya Division of Northeast Frontier Railway, valued at Rs. 336 million (approx. Rs. 33.6 crore). The contract also includes a 5-year Annual Maintenance Contract (AMC/CAMC) for various buildings within the Rangiya Division. The project is part of the railway's sustainability push and will help reduce its carbon footprint through clean energy. Sarika Bhatia, Director at Servotech, said the order validates the company's capabilities in delivering large-scale renewable energy solutions.
This order strengthens Servotech's order book and provides multi-year revenue visibility through the 5-year maintenance contract. Government/railway orders typically carry low collection risk and may support the stock's sentiment, though the Rs. 33.6 crore size is moderate relative to the company's overall scale.