Servotech signs Rs 400 crore MoU with Haryana Govt to expand manufacturing

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SERVOTECH · price

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹97.97

prior close

₹97.50

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+2.3% vs market

Other Electrical Equipment peers, median of 49sector+0.6%+2.8% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+3.3+1.1+2.3+0.6+2.8

Next day

+14.4+1.3+13.1+0.5+13.9

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Servotech Renewable has signed an MoU with the Haryana Government to invest around Rs 400 crore in expanding its renewable energy manufacturing capacity in the state. The investment will be phased over 24 to 36 months and covers EV chargers, solar products, battery packs, BESS, and power electronics. It is expected to create about 500 jobs. Site selection is still under evaluation. The move aligns with the company's target of reaching Rs 1,500 crore revenue by FY 2027.

Likely market impact

Positive growth signal; supports expansion plans but MoU is non-binding, site not finalised, so execution risk remains.