Servotech Renewable Power System

Servotech Renewable Power System has launched SULTAN, a lithium-ion battery for electric three-wheelers, alongside Zest charger and Voltie solar inverter. This marks the company's entry into the growing electric three-wheeler segment, enhancing its clean mobility and renewable energy offerings.

Servotech Renewable Power System stock rose over 9% during Thursday's trading, despite hitting a 52-week low. The company reported an 88.24% drop in net profit and announced a ₹ 74 crore rooftop solar initiative under PM Surya Ghar: Muft Bijli Yojana.

Servotech Renewable Power System shares rose 3% to 98.50 after securing a patent for a new EV charging technology. This innovation allows GBT vehicles to charge efficiently using CCS2 DC fast chargers, addressing compatibility issues in India's EV landscape and enhancing charging infrastructure.

Servotech Renewable Power System share price has gained 7% in one month, but the smallcap stock has declined 10% in three months. On a year-to-date (YTD) basis, Servotech Renewable shares have dropped 21%, while they have declined 26% in one year.

Solar, EV stock: Servotech Renewable Power System has won a 3 MW rooftop solar project from Northern Central Railway, valued at ₹ 13 Crore, reflecting Indian Railways’ trust in the company’s capabilities in promoting renewable energy and supporting sustainability goals.

Servotech Renewable Power System's stock rose nearly 8% after announcing a strategic partnership with Zhuhai Piwin New Energy to enhance Battery Energy Storage Systems in India, supporting the 'Make in India' initiative and contributing to the nation's clean energy transition.

Servotech Renewable Power System has entered a Joint Venture with BEKEM Infra Projects to engage in government-led renewable energy projects. This collaboration aims to enhance Servotech's presence in the solar sector amid India's growing clean energy initiatives.

Servotech Renewable Power System share price rose 4% to ₹ 153 after securing an order for an EV charging station at Bengaluru airport. The facility will feature 10 ultra-fast DC chargers, enhancing e-transport efficiency and aiming to reduce carbon emissions.