Servotch Power shares up on getting order of 15.8 crore from railway, 5000% return in 4 years

Servotech Renewable Power System, a leading renewable energy company, has received an important order from Indian Railways. The company has received a contract for an on-grid rooftop solar project of 4.1 MW from the Waltaire Division of East Coast Railway, which is a total price of Rs 15.8 crore. Following this news, the company’s shares saw a rise of about 3% on Thursday.

Order details

• Project Size: 4.1 MW

• Total Price: ₹ 15.8 Crore

• Nature of Work:

  • Designing

  • Manufacturing

  • Supply

  • Installation

  • Testing

  • Commissioning

• Location: Waltaire Division, East Coast Railway

This project is part of the Green Energy Mission of Indian Railways, which aims to reduce carbon footprint and promote sustainable transportation.

Share performance

• Shares opened at ₹ 129.80 on Thursday

• 134.49 rupees reached Intrade High (about 3% gained)

• 52-weeks:

  • High: ₹ 205.40

  • Take: ₹ 75.50

Story of Return: Bumper Earning

• More than 5000% returns in 4 years

• Return in 3 years: about 1200%

• Bounce in 1 year: more than 50%

• In 2025 so far: ~ 21% fall

Company statement

Servotech reported in the exchange that under this project the company will design, install and start rooftop solar PV systems at various sites. This work is being considered an important step towards achieving the target of Net Zero Emission of Indian Railways.