Servotech Renewable Power Share Price Soars 11% on Major Solar Project Win

Market Performance

Servotech Renewable Power System's share price surged 11% in early trade on June 4 after securing a major solar rooftop project. On the NSE, the stock was trading at ₹161.25, up 9.5% (₹13.99) from the previous close.

This follows a 19% jump on June 3, driven by investor optimism around Errol Musk's association with the company as a global advisor.

Key Catalyst: Solar Rooftop Project Win

Servotech Renewable Power has been awarded a 7.8 MW solar rooftop project by the Northeast Frontier Railway's Rangiya Division. Key highlights:

• Project Value: ₹336 million
• Scope: Design, supply, installation, and commissioning of grid-connected solar power plants
• Maintenance: Includes a 5-year AMC/CAMC
• Technology: Monocrystalline panels with remote monitoring

This project will help the railway division reduce its carbon footprint and enhance its sustainability efforts.

Company Financial Snapshot (Q4 FY25)

• Revenue from Operations: ₹146 Crore
• Net Profit: ₹7.79 Crore (127% YoY growth)
• Previous Year Net Profit (Q4 FY24): ₹3.42 crore

Strategic Growth & Leadership

Servotech's recent developments highlight its expansion plans:

• Errol Musk's Appointment: Joined as Global Advisor in May 2024 to drive AI innovation and global sustainability initiatives.
• Vision 2027: Aim to transform renewable energy adoption in India and international markets.

Summary

• Servotech's share price surged 11% on a ₹336 million solar project win.
• The company reported a 127% year-over-year (YoY) profit growth in Q4 FY25.
• Strategic moves, including Errol Musk's advisory role, reinforce long-term growth prospects.

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