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