Servotech Renewable Power System Signs MoU with Haryana Government to Drive Clean Energy Growth
Servotech Renewable Power System Limited announced the execution of a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana. The agreement, established on June 1, 2026, aims to foster a robust framework for collaboration and cooperation between the Company and various departments of the Government of Haryana.The partnership is designed to support investment and development across the State of Haryana, focusing particularly on industrial growth and the expansion of clean energy manufacturing sector.
The collaboration between Servotech Renewable Power System Limited and HEPC, alongside the Department of Industries and Commerce, aims to promote industrial development and the growth of clean energy manufacturing. This strategic move involves Servotech Renewable Power System Limited (SRPSL) investing approximately Rs. 400 Crores to expand its business operations in the region.
The MoU establishes a mutual commitment, with the Haryana Government promising to provide comprehensive facilitation and Ease of Doing Business support to Servotech. The agreement further highlights that the transaction does not fall under related party transactions.
SERVOTECH Stock Price Movement
As of 1:13 PM, Servotech Renewable Power System Limited shares are shedding 2.25% in live trading, currently hovering at ₹96.15. The equity is seeing notable investor action today, with 885,853 shares traded on the board.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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