Servotech Stock Gains 2% on Major EV Charger Order; 400+ Fast Chargers to Be Deployed

Synopsis:Servotech bags major EV charger order from OMCs & PSUs: 375 units of 60kW DC fast chargers plus 48 units of 120kW. Stock up 2% as India accelerates charging infra rollout.

Servotech Renewable has landed a significant government contract. The New Delhi-based company will supply and install EV chargers at multiple locations across India. Oil Marketing Companies (OMCs) and Public Sector Undertakings (PSUs) awarded the order. This win marks a strong vote of confidence from India’s state-run energy sector.

Servotech Renewable Power System‘s Limited’s stock, with a market capitalisation of Rs. 1,589 crores, rose Rs. 70.69, up 2 percent from its previous closing price of Rs. 69.31. Furthermore, the stock over the past year has given a negative return of 37.8 percent.

The contract involves the supply, installation, and commissioning of EV chargers. Servotech will deliver 375 units of 60 kW DC fast chargers. Additionally, the company will supply 48 units of more powerful 120 kW chargers. Together, these units will go to various sites across the country. The order follows stcccandard domestic contract terms agreed upon with the awarding entities.

India’s public sector is pushing hard to build EV charging infrastructure. OMCs and PSUs run fuel stations and depots across thousands of locations. Bringing fast chargers to these sites dramatically expands charging access. Servotech has previously installed over 2,400 EV chargers in partnership with oil marketing companies. 5paisa Therefore, this latest win adds meaningfully to that track record.

Servotech develops tech-enabled EV charging solutions, offering AC and DC chargers compatible with different electric vehicles. Tickertape In Q4 FY25, the company posted 91% year-over-year revenue growth, driven by advances in solar energy and EV charging infrastructure. 

As a result, this new order strengthens its position as a key player in India’s EV rollout. The company continues to build on its growing portfolio of government and PSU partnerships.

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