What order did Servotech Renewable Power System receive?

Servotech received a ₹16.31 crore order for ground-mounted and rooftop solar power plants from Railway Energy Management Company Limited.

REMCL is a Joint Venture between RITES Ltd. and the Ministry of Railways.

How has Servotech's stock performed recently?

Servotech's stock has dropped over 44% in the last year and over 42% year-to-date in 2025, though it saw a rebound on November 21, 2025.

Home / Business and Economy / Servotech Wins ₹16 Crore Railway Project

Servotech Wins ₹16 Crore Railway Project

21 Nov

•

Summary

Servotech secured a ₹16.31 crore solar project from a Railway company.
The project involves installing solar power plants at a dedicated freight corridor.
Servotech shares have seen significant long-term returns since 2021.

Servotech Wins ₹16 Crore Railway Project

Servotech Renewable Power System's share price experienced a rebound on Friday, November 21, 2025, following the announcement of a significant order. The company has been awarded a ₹16.31 crore project by Railway Energy Management Company Limited (REMCL) for the design, supply, and installation of solar power plants.

This project specifically involves ground-mounted and rooftop on-grid solar installations at the Dedicated Freight Corridor Corporation of India Limited (DFCCIL) Complex in Noida. The award marks a notable development for Servotech in the renewable energy sector, particularly within its collaboration with railway entities.

While Servotech shares have offered substantial returns of over 3,711% since their 2021 listing, they have faced a downturn in the past year, dropping over 44%. As of November 21, 2025, the company's market capitalization stood at ₹2,169.24 crore.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.