Servotech Renewable Secures 67% Share in PSU/OMC DC Fast Charger Tenders
Servotech Renewable Power System Ltd., a leading EV Charger manufacturer and Solar Solutions provider, announced that it has secured a significant share of orders from Public Sector Undertakings (PSUs) and Oil Marketing Companies (OMCs). The company emerged as a top bidder across multiple tenders floated by these entities during the last quarter of the fiscal year 2025-26 for the supply of 60kW and 120KW DC Fast EV Chargers.The awarded orders, which are set to be implemented in FY2026-27, cover a total awarded capacity of 423 units. This represents approximately 67% of the total tendered quantity, which was around 631 units.
The achievement underscores Servotech's execution capabilities, product competitiveness, and expanding role within the EV charging infrastructure segment, particularly in the fast-charging category. These procurements are part of the ongoing effort to expand India's EV charging network, especially along high-utilization corridors and highways.
Sarika Bhatia, Director at Servotech Renewable, stated that securing a 67% share in these PSU and OMC tenders validates Servotech's capabilities in the EV charging space. She added that the milestone significantly strengthens the company's order pipeline, positioning it well to support the rapidly evolving electric mobility ecosystem while focusing on DC fast charging solutions and expanding deployment across geographies.
The core details of the recent procurement activity are summarized below:
| Parameter | Details |
|---|---|
| Chargers Supplied | 60kW and 120KW DC Fast EV Chargers |
| Orders Secured by Servotech | 423 units |
| Total Tendered Quantity | Approximately 631 units |
| Market Share Secured | Approximately 67% |
| Implementation Period | FY2026-27 |
SERVOTECH Stock Price Movement
Shares of Servotech Renewable Power System Limited are edging higher to ₹70.64 as of 2:54 PM, rallying 1.92% on the day. The stock finds itself trading on a substantial volume of 599,573 shares, underlining current investor interest in the sector.Source:
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