Servotech Power Systems Secures 5.6 MW Rooftop Solar Order From Uttarakhand

Servotech entered the industry in 2004 by launching sine-wave inverters for both residential and commercial applications. Over the years, the company experienced significant growth and expanded its product lineup to include various LED lighting solutions, such as solar street lights, solar hybrid inverters, and LED solar lighting. In 2017, Servotech solidified its status as a major player in the market by debuting on the stock exchange and being listed on the National Stock Exchange (NSE). In response to the increased demand for medical-grade equipment during the COVID-19 pandemic, Servotech also established itself as a key supplier of oxygen concentrators and UV-C disinfectant products.

Servotech Power Systems secured an order from Uttarakhand

On Thursday, Servotech Power Systems announced that it has received an order for a 5.6 MW on-grid rooftop solar power plant from the Uttarakhand New and Renewable Energy Development Agency. This order, worth Rs 30.2 crore, is expected to significantly advance Uttarakhand’s transition to a solar-powered state, contributing to India’s overall goal of becoming a solar-powered nation, according to a company statement.

The statement mentioned that Servotech will handle the design, supply, installation, net metering, testing, and commissioning of the on-grid rooftop solar power plants.

Servotech Power Systems’ warranty maintenance project for the next five years

Additionally, the project includes Servotech, which will provide full warranty maintenance for the next five years. This service will cover on-grid rooftop solar installations ranging from 1 kW to 1500 kW, located in various key sites such as government offices, colleges, hospitals, and other institutions throughout the state. This initiative supports the state’s renewable energy objectives and efforts towards decarbonization.

Sarika Bhatia, the Director, stated

Sarika Bhatia, Director of Servotech Power Systems, stated, “We believe our dependable solar solutions will provide Uttarakhand with clean, reliable, and affordable solar energy. This project reflects our commitment to a sustainable future and will support the state’s energy security and environmental objectives.”

Servotech Power Systems Ltd. stock is more than 1% down

Servotech Power Systems Ltd.’s stock is trading at Rs. 179.52, down more than 1% today from its low of Rs. 185.75.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.