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 secured an order worth approximately Rs. 13 crore from Northern Central Railway's Agra Division. The contract involves designing, manufacturing, supplying, installing, testing, and commissioning on-grid rooftop solar PV panels of various capacities across multiple railway sites in the Agra Division. The project has a total capacity of 3MWp and must be executed within 9 months from the issuance of the Letter of Award. The order is domestic, and there is no related party interest involved.
This is a positive development as it adds Rs. 13 crore to the order book from a credible government entity (Indian Railways), reinforcing Servotech's presence in the rooftop solar segment. The short execution timeline of 9 months means revenue recognition should be relatively quick.