Servotech Renewable Power System Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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SERVOTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+11.2%1-day move

₹69.80

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₹69.77

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AI summary

Servotech Renewable Power System has secured an order from Oil Marketing Companies (OMCs) and Public Sector Undertakings (PSUs) for the supply, installation, and commissioning of EV chargers across various locations in India. The order covers 375 units of 60 kW EV chargers and 48 units of 120 kW EV chargers. The order is domestic, with standard contractual terms, and execution will be as per the contract timeline. The company has confirmed no related party interest in the awarding entities. No monetary value of the order has been disclosed in the filing.

Likely market impact

This is a positive development for Servotech as it adds order book visibility from reputed government-owned clients, reinforcing its position in India's EV charging infrastructure space. However, the lack of a disclosed order value limits the ability to gauge the financial impact on revenue and stock price.