Servotech Renewable Power System Shares in Focus on Buying 27% Stake in Rhine Solar

Servotech Renewable Power System Ltd has acquired a 27% stake in Rhine Solar Ltd, a solar PV module manufacturing company. The acquisition involves the purchase of 9,50,106 equity shares at ₹127.88 per share. The total investment amounts to ₹12.14 crore. According to the filing, the indicative timeline for completing the transaction is 90 days.

About Rhine Solar

Rhine Solar is based in New Delhi and manufactures solar panels and related products, including solar lamps, home lighting systems, cookers, street lights, geysers, and irrigation systems. The company has an existing manufacturing capacity of 100 megawatts (MW).

For FY25, Rhine Solar recorded a provisional turnover of ₹82.41 crore, up from ₹60.01 crore in FY24. It is listed under the Approved List of Models and Manufacturers (ALMM), which is relevant for government solar procurement programs.

Expansion

As part of future plans, Rhine Solar aims to expand its manufacturing capacity from 100 MW to 600 MW over the next year. No changes to its product line or operations have been announced so far.

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Servotech’s Current Business

Servotech Renewable Power System is involved in products such as LED lighting, inverters, batteries, electric vehicle chargers, and small-scale solar solutions. The company also supplies residential and commercial solar panels.

In Q4 FY25, Servotech reported a total income of ₹147 crore and a net profit of ₹7 crore.

Servotech Renewables Power Systems Share Price Performance

As of 09:30 AM on June 23, 2025, Servotech Renewable Power Systems share price was trading at ₹139.75, a 0.71% increase. Over the past month, the stock has increased by 9.51%. However, it is down 17% on a year-to-date basis. Over the past year, the stock has risen by 62%.

Conclusion

Servotech’s acquisition of a minority stake in Rhine Solar brings it into the solar PV module manufacturing segment. Rhine’s planned capacity increase may add manufacturing depth to Servotech’s existing business areas.

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