
Servotech Renewable Power System Ltd (NSE: SERVOTECH) said it has secured a 3 MWp grid-connected rooftop solar project from the Northern Central Railway (Agra Division), valued at ~₹13 crore. The disclosure was made under Regulation 30 of SEBI’s LODR norms, with the company also issuing a press release.
Scope & Timeline
According to the exchange filing, Servotech will design, manufacture, supply, install, test and commission rooftop solar PV systems across multiple railway sites in the Agra Division. The project is to be executed within nine months of the Letter of Award (LoA), and is a domestic order under standard General Contract Conditions.
The company said the win underscores Indian Railways’ clean-energy push and reflects continued confidence in Servotech’s capabilities following earlier railway rooftop awards. Recent announcements include 7.3 MW (North Western Railway—Jaipur Division) and 1.2 MW (Northern Railway—Moradabad Division).
By the Numbers
Metric | Detail |
---|---|
Customer | Northern Central Railway — Agra Division |
Capacity | 3 MWp rooftop solar |
Order Value | ~₹13 crore |
Execution Timeline | Within 9 months of LoA |
Scope | EPC: design, supply, installation, testing & commissioning |
Disclosure Basis | SEBI LODR Reg-30 |
Strategic Context
Indian Railways has been scaling up rooftop solar across zones to meet its longer-term sustainability goals. Servotech’s role in multi-site, grid-connected rooftop deployments positions it to benefit from recurring opportunities in public-sector clean-energy roll-outs. The company’s statement said the Agra Division project “reinforces its role in advancing India’s clean-energy transition.”
What to Watch
- Project ramp-up: Site readiness and synchronized mobilization across multiple railway locations will determine the pace of commissioning.
- Working-capital cycle: EPC rooftop jobs typically require tight receivables management; investors will track milestone-linked payments.
- Order pipeline: Recent wins across railway zones suggest continued bidding momentum; updates on new LoAs will be key for revenue visibility.
Servotech Renewable Power System Ltd (NSE)
Snapshot: 29-Sep-2025, 2:33 pm IST
- Change−₹0.57
- Change %−0.46%
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