Servotech Renewable Power System Limited Secures 900 kW Solar Rooftop Project Order
Servotech Renewable Power System Limited has secured a significant order from the Rural Development Department of Uttar Pradesh, specifically under the UPSRLM initiative. The contract involves the development of a 900 kW solar rooftop project distributed across 12 different locations.The scope of the project encompasses the design, supply, installation, commissioning, and maintenance of grid-connected roof top solar power plants. The technology utilized for this project is hybrid, incorporating battery storage systems to enhance energy reliability.
Project Overview and Timeline
The contract is a domestic agreement with the state government body. Servotech Renewable Power System Limited is expected to complete the execution of the project within a timeframe of 06 months from the award date.| Particulars | Details |
|---|---|
| Awarding Entity | UPSRLM, Rural Development Department Uttar Pradesh |
| Nature of Order | Design, Supply, Installation, Commissioning and Maintenance of Grid Connected Roof Top Solar Power Plant Service - Hybrid with battery storage |
| Project Capacity | 900 kW |
| Execution Period | Within 06 months |
| Jurisdiction | Domestic |
The company confirmed that there is no promoter or group company interest in the awarding entity, and the contract does not fall under related party transactions. The project proceeds under general contract conditions.
SERVOTECH Stock Price Movement
Servotech Renewable Power System Limited shares rallied 1.29% today to finish at ₹97.00. The stock saw significant interest with a trading volume of 534,060 shares as it climbed from a session low of ₹95.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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