Servotech Renewable Power System Secures Order for EV Charger Supply Across India
Servotech Renewable Power System Limited announced that it has secured a significant order for the supply and installation of Electric Vehicle (EV) Chargers across various locations throughout India. The order was awarded by Oil Marketing Companies and Public Sector Undertakings (PSUs).The details of the awarded order specify that the nature of the contract involves the supply, installation, and commissioning of EV chargers at multiple sites across the country.
The transaction details are presented in the following table:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contact(s) | Oil Marketing Companies & PSUs |
| Nature of order(s) / contract(s) | To supply, installation & commissioning of EV chargers at various locations across India |
| Whether order(s)/ contract(s) have been awarded by domestic/international entity | Domestic |
| Consideration or size of the order(s)/ contract(s) | 375 units of 60kWEV chargers & 48 units of 120kWEV chargers |
The contract terms are stated to be standard as per the executed contract documents. Furthermore, the company noted that there is no interest from the promoter or the promoter group in the awarding entities, and the order does not fall within the parameters of related party transactions. The execution of the order is subject to the terms specified in the contract agreement.
SERVOTECH Stock Price Movement
Shares of Servotech Renewable Power System Limited are edging higher to ₹70.00 as of 2:32 PM today, gaining 1.00% in live trading. The stock remains highly active, processing 509,064 shares in volume throughout the current trading session.Source:
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