Servotech Power Systems Shares: Servotech Power Systems Share Price NSE India
Servotech Power Systems Ltd. Company, makes and sells LED lights and solar products like fans, solar home lighting, pump controllers, bulbs, and panels. They just got a big order for 1500 DC fast chargers worth Rs 1,02,00,00,000 and involves two charger variants of 60 kW and 120 kW from HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL) and other Original Equipment Manufacturers (OEMs). Because of this news, their stock price went up a lot. On Friday, the stock opened at Rs 93.95, up from Rs 93.15 on Thursday, and then it got stuck at Rs 97.80 because it hit the upper limit.
Servotech Power Systems Shares Key Points
Over the past week, the stock has gone up by 10%, by 21% in a month, by 400% in a year, and by a whopping 5000% in three years. The company’s owners still own 60.6% of the company, and that hasn’t changed for the last five quarters. None of their shares are used as collateral for loans. However, foreign institutional investors have been selling their shares. From September 2023 to December 2023, their share of ownership dropped from 8.86% to 4.82%.
Servotech Power Systems Role in Expanding Charging Infrastructure
HPCL has asked Servotech to make, deliver, and set up electric vehicle chargers across India, especially at HPCL gas stations. Servotech will also make and supply chargers to other electric vehicle charger companies. This plan aims to make it easier for people to use electric cars by having lots of chargers available.
This move will help reduce pollution from cars and support the growing trend of eco-friendly transportation. HPCL’s order and orders from other companies show that Servotech’s products are trusted and capable. This puts Servotech in a good position for future business in India’s electric vehicle market.
Servotech Power Systems got a big job to make 75,000 electric vehicle chargers for Adani Total Gas Ltd. This supports Gautam Adani’s vision for clean, electric transportation. With their experience in electronics, Servotech will make, deliver, set up, and maintain these chargers. They aim to make it easy for people to use, with simple access, easy payments, and clear directions. This deal shows that Servotech is a major player in India’s electric vehicle infrastructure, building on their success in other areas like LED lights and medical equipment.
About Servotech Power Systems Ltd
In today’s rapidly changing world, Servotech Power System Ltd. is a standout on the NSE, leading the charge in sustainable energy solutions and technological advancement. We’re proud to pioneer innovation in the energy sector with top-tier solar products and efficient EV chargers, alongside ultra-fast DC and Home AC chargers, transforming the landscape of electric vehicle charging.
Our commitment to the ‘Make in India’ initiative is unwavering, as evidenced by our installation of over 2400 EV chargers in collaboration with major oil companies. With a legacy spanning two decades, we continuously set industry precedents, driven by our dedication to excellence and building lasting client relationships. Leveraging cutting-edge technology, we consistently push the boundaries of renewable energy, earning nationwide recognition for our reliability and excellence. Our vision extends beyond profit, aiming to create a sustainable and brighter future for all.
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