Servotech Secures EV Charger Order from Oil Marketing Companies & PSUs
Servotech Renewable Power System Limited secured an order from Oil Marketing Companies & PSUs for 375 units of 60 kW and 48 units of 120 kW EV chargers. The order is for supply, installation, and commissioning across India.
The order is significant due to the number of units and the nature of the clients (Oil Marketing Companies & PSUs), indicating potential for future business and expansion in the EV charging infrastructure sector.
The company has secured a new order, which is a positive development for its business growth.
Servotech Renewable Power System Limited has announced securing a significant order for the supply and installation of Electric Vehicle (EV) chargers across various locations in India. The order, awarded by Oil Marketing Companies & PSUs, involves the provision of 375 units of 60 kW EV chargers and 48 units of 120 kW EV chargers.
The contract is for the supply, installation, and commissioning of these EV chargers, with execution timelines to be as per the contract. The terms and conditions are standard as per the contract, and the order is from a domestic entity.
Servotech confirmed that neither the promoter, promoter group, nor any group companies have any interest in the entity that awarded the order. Furthermore, the order does not fall within related party transactions. Raman Bhatia, Managing Director, conveyed the company's pleasure in informing stakeholders about this prestigious order.
What to do with a filing like this
Servotech Renewable Power System Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Servotech Renewable Power System Limited. Read the original for the full detail.