Green energy stock Servotech Renewable Power Systems hit the headlines on Monday after announcing a major order win from the Indian Railways. The small-cap
renewable energy firm said it has secured a 2.58 MW rooftop solar project from the South Eastern Railway, strengthening its foothold in India’s public infrastructure energy transition. In a filing to the exchanges, Servotech said: “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform all our stakeholders that the Company has secured a prestigious order from South Eastern Railway for a 2.58MW solar rooftop project in Ranchi Division.” The project will involve design, manufacturing, supply, installation, testing, and commissioning of on-grid rooftop solar PV systems across multiple railway sites in the Ranchi Division. The company has a 12-month deadline to complete execution. Speaking about the development, Sarika Bhatia, Director of Servotech Renewable Power Systems, said: “We are honoured to once again work with the Indian Railways in their journey toward a cleaner and more sustainable future. This project reinforces the trust that Indian Railways has placed in Servotech’s expertise and innovation in high-performance solar technology.” This is Servotech’s second order from Indian Railways within two weeks. In late September, the company received a 3MWp solar rooftop project from the Northern Central Railway’s Agra Division. The latest order, valued at around ₹13 crore, must be completed within nine months from the issuance of the Letter of Award (LoA). Stock Performance Despite the strong order pipeline, Servotech Power’s stock traded lower, tracking the weak trend across broader markets. The company’s shares slipped as much as 2.2% to ₹125.21 on the NSE before recovering slightly to ₹126.24, down 1.4% by 1:50 pm. So far in 2025, the small-cap renewable energy stock has lost nearly 25% of its value, even as it continues to expand its green energy portfolio. About Servotech Power Systems: Servotech is a key player in India’s EV charging and solar energy segments, providing end-to-end solutions from design to commissioning. The company has been increasingly partnering with public sector entities like Indian Railways to support India’s renewable energy goals. Disclaimer: This story is for informational purposes only. The views and recommendations expressed are not investment advice. Investors should consult certified financial experts before making any decisions.
