Introduction:
EV stock has secured a ₹31 crore order for 1,100 solar-powered agriculture pumps under the KUSUM Component C-1 Scheme, aiming to promote renewable energy adoption and sustainable farming across Uttar Pradesh, enhancing productivity and reducing operational costs for farmers.
Share Price movement of Servotech Power System:
On December 30, 2024, Servotech Renewable Power System Ltd’s current price is ₹169.41. The stock reached an intraday high of ₹169.41 and low of ₹162.25, rising 5.00% from the previous close of ₹161.35, with a market cap of ₹1,420.45 crore.
Servotech Power System share price rise:
Servotech Renewable Power System Ltd. has secured an order for 1,100 grid-connected agriculture pumps under the KUSUM Component C-1 Scheme from UPNEDA, valued at ₹31 crore. This project aims to advance solar-powered farming and renewable energy adoption across Uttar Pradesh.
The project involves manufacturing, installing, and maintaining solar-powered agriculture pumps ranging from 2 HP to 5 HP with capacities of 3 kW to 7.5 kW. It includes a five-year warranty and contributes significantly to Uttar Pradesh’s renewable energy goals.
Sarika Bhatia, Director of Servotech, highlighted the project’s benefits for farmers, emphasizing reduced operational costs, increased productivity, and enhanced rural prosperity. This initiative aligns with Uttar Pradesh’s green energy objectives, fostering sustainability and energy security in agriculture.
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Recent news About Servotech Power System:
On December 27, 2024, Servotech Renewable Power System Ltd announced the trading window closure from January 1, 2025, until 48 hours after declaring Q3 FY24 results, restricting transactions by designated persons and their immediate relatives.
Ace investor holding of Servotech Power System:
Mahesh Dinkar Vaze: Ace investor Mahesh Dinkar Vaze holds 81,00,000 shares of Servotech Power Systems Ltd, representing a 3.63% stake valued at ₹137.1 crore. His holdings remain unchanged this quarter, reflecting confidence in the company’s growth potential.
Pankaj Malik: Pankaj Malik owns 41,72,315 shares of Servotech Power Systems Ltd, a 1.87% stake worth ₹70.6 crore. His holdings saw a marginal decrease of 0.01% this quarter, showcasing strategic portfolio adjustments while maintaining significant investment in the company.
Stock performance of Servotech Power System for Period of 1 week, 6 months and 1 year:
Servotech Power Systems’ stock performance shows a slight 0.71% decline over the past week, an impressive 80.8% gain over six months, and a remarkable 110% return over the last year, reflecting significant long-term growth and investor confidence.
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Shareholding pattern of Servotech Power System:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 59.34 | 59.7 | 61.35 |
| FII | 5.96 | 5.52 | 2.45 |
| Retail & others | 34.71 | 34.77 | 36.19 |
About Servotech Power System:
Servotech Power System is a leading solar solutions and EV charger manufacturer, specializing in innovative renewable energy products. It focuses on advancing sustainability and energy efficiency through cutting-edge technology, catering to diverse needs in clean energy and electric vehicle infrastructure.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
