On Thursday’s trading session, Servotech Power Systems Limited shares were performing well with a 5% increase, trading at INR 79.10. The main reason behind this surge is the recent order received by the company from Bharat Petroleum Corporation Limited for 2,649 AC EV chargers. As a part of this order, Servotech Power Systems Limited will strategically establish EV charger stations for charging electric vehicles across the country. Additionally, the company will also play a significant role in providing comprehensive services for its EV charging solutions. The project includes the production of 3kW and 7kW capacity chargers, with production already commenced and supply expected to begin from December 15, 2023. In the September quarter, the company reported a net profit of INR 3.12 crore, and its income for the current financial year increased by 114% to INR 85.93 crore.
Servotech Power Systems Limited shares continued to trade with a 1.35% increase, currently trading at INR 78.95. The company has informed the Securities and Exchange Board of India (SEBI) in its filing that it has received an order for 2,649 AC EV chargers from Bharat Petroleum Corporation Limited. Under this order, Servotech Power Systems Limited will strategically establish EV charger stations for charging electric vehicles nationwide. Additionally, as a part of the E-Drive project, the company will install petrol pumps in major cities in India through Bharat Petroleum Corporation Limited. The company will also play a crucial role in providing extensive services for its EV charging solutions. The project includes the production of 3kW and 7kW capacity chargers, with production already commenced and supply expected to begin from December 15, 2023. In the September quarter, the company reported a net profit of INR 3.12 crore, and its income for the current financial year increased by 114% to INR 85.93 crore.
★Servotech Power Systems Limited’s share price was trading at Rs. 79.10 with a 5% increase on Thursday.
★The main reason for the surge in Servotech Power Systems Limited’s share price is the recent order received from Bharat Petroleum Corporation Limited for 2,649 AC EV chargers.
★Currently, the share price is trading at Rs. 78.95 with a 1.35% increase.
★Servotech Power Systems Limited has filed with SEBI, stating that they have received an order for the construction, supply, and installation of EV charger stations across the country under this order.
★As part of the e-drive project, Servotech Power Systems Limited will establish petrol pump stations in major cities in India.
★The company will also play a significant role in its extensive services for EV charging solutions.
★The EV charger range of the project includes chargers with capacities of 3kW and 7kW, and production of these AC chargers has already begun, with supply starting from December 15, 2023.
★Servotech Power Systems Limited recorded a net profit of Rs. 3.12 crore in the September 2023 quarter.
★In the September quarter of the current fiscal year, the company’s revenue increased by 114% to Rs. 85.93 crore.
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