Multibagger small-cap solar stock Servotech Renewable Power Systems in focus after THIS order update; Do you own? | Stock Market News

Servotech Renewable Power Systems Share Price: Servotech Renewable Power Systems Ltd announced on Wednesday, April 23, that it bagged a rooftop solar order from the Indian Railways’ Waltair Division of the East Coast Railway zone. Formerly known as Servotech Power Systems Ltd, the leading solar energy solutions provider, is a multibagger smallcap stock that has delivered massive 1,200 per cent returns to investors in the last three years.

Servotech Renewable Power Systems, which develops tech-enabled electric vehicle (EV) charging solutions, won a 4.1 MW on-grid solar order from the Indian Railways’ zone valued at over ₹15 crore on April 23. The small-cap is a popular EV stock listed on the National Stock Exchange (NSE).

Multibagger small-cap Servotech Renewable Power bags railway order

The solar and EV major said that under the scope of this contract, Servotech will undertake the design, manufacturing, supply, installation, testing, and commissioning of rooftop on-grid solar photovoltaic (PV) plants of varying capacities across multiple sites within the railway zone’s Waltair division.

This initiative is part of the Indian Railways’ broader mission to integrate renewable energy into its infrastructure and reduce its carbon footprint.

Sarika Bhatia, Director, Servotech Renewable Power System Ltd said, “We are delighted to have been awarded this significant 4.1 MW rooftop solar project by the Waltair Division of the East Coast Railway. This order reaffirms Servotech’s position as a partner in India’s renewable energy landscape. We are committed to delivering best-in-class solar solutions and are proud to support Indian Railways in its journey towards cleaner and greener operations.”

According to the statement, the railway order strengthens Servotech’s growing portfolio in the public sector and showcases its capabilities in executing large-scale solar projects with high-quality standards and efficiency.

Servotech Renewable Power Share Price Trend

On Wednesday, shares of Servotech Renewable Power opened at ₹132 and hit an intra day low of ₹128.50 before settling 0.35 per cent lower at ₹129.84 apiece on the NSE. The small-cap company commands a market cap of ₹2,894.72 crore. The EV stock has plunged 23 per cent year-to-date (YTD).

However, it has leaped 50 per cent in one year and delivered multi-bagger returns starting from the three-year period and beyond. Servotech Renewable Power System develops EV charging solutions leveraging over two decades of expertise in the electronics space. It offers a wide range of AC and DC chargers which are compatible with various EVs and serve domestic and commercial applications.

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