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    SERVOTECH RENEWABLE POWER SYSTEM LTD.

    21 January 2025 | 03:57

    Industry >> Electric Equipment - General

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    ISIN No INE782X01033 BSE Code / NSE Code / Book Value (Rs.) 7.86 Face Value 1.00
    Bookclosure 27/09/2024 52Week High 205 EPS 0.52 P/E 297.28
    Market Cap. 3496.00 Cr. 52Week Low 74 P/BV / Div Yield (%) 19.85 / 0.03 Market Lot 1.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.
    The Company was incorporated as Servotech Power Systems Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated September 24, 2004. Subsequently, The Company was converted into public limited company and the name of The Company was changed to "Servotech Power Systems Limited" pursuant to shareholder's resolution dated April 29, 2017 and vide fresh certificate of incorporation dated May 24, 2017. The Corporate Identification Number of The Company is U31200DL2004PLC129379. KEY EVENTS AND MILESTONES IN THE HISTORY OF The COMPANY 2004 - The Company was incorporated as Servotech Power Systems Private Limited 2005 - Shifted The factory in Tax exempted zone in Himachal Pradesh 2005 - Established first branch office in Uttar Pradesh 2006 - Established a full fledge R&D center in Delhi 2007 - Developed several high capacity backup solutions and served many retail chains & banking sector in India. Example: Pantaloon, Big bazaar, More, Croma,Spencer, The Mobile Store, ICICI prudential, Kotak Mahindra, Religear, Muthoot & many more. 2009 - Registered & Certified with several state level nodal agencies like NSIC, DGSND, MPLUN (M.P.), HILTRON (Uttrakhand), UP-DESCO and others in order to acquire projects from government agencies and public sector companies. 2010 - Established new branch offices in Jammu and Kolkata - Supplied 60 KVA frequency converter in submarine for ONGC project executed by L&T - Executed 2 major orders for Government agencies in 60days, supplied, installed & commissioned 5250 pcs UPS to "Sarv Shiksha Abhiyan" (Order value Rs. 1.82 crore) and 185 pcs high capacity Inverters to Commissioner Land Records, Madhya Pradesh (order value Rs. 1.20 crore). 2011 - Started LED Lights Manufacturing Plant In Delhi - Started manufacturing Solar PCU, Solar Street Lights & Solar LED Lights. 2016 - Turnover crossed Rs. 50 crores. 2017 - The Company was converted into Public Limited Company vide fresh certificate of incorporation dated May 24, 2017

    2021
    -Servotech Power Systems has launched its new range of solar street lights to deliver high-quality illumination for outdoor spaces.
    -Servotech Power Systems Ltd. collaborated with German solar module company 2Power Gmbh to bring PV Technology 2Power WP+ system in India.
    -Servotech Power Systems Ltd. bagged Off-Grid Solar Project from UPNEDA.

    2022
    -Servotech secures another project from Uttar Pradesh Medical Supplies Corporation to provide Oxygen Concentrators.
    -Servotech inks MoU with Smart Power India to facilitate the creation of a solar ecosystem in the rural regions of India.
    -Servotech associates with JSG Group to hit new milestones in the EV business and concentrate on devising new strategies and action plans.
    -Servotech Power Systems Limited has been awarded a Letter of Intent (LoI) by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) for a major 1.8 MW off-grid solar project, installing solar-powered modules of different capacities across the state.
    -Servotech Power Systems Ltd., an NSE-listed leading manufacturer of EV Charging solutions has been awarded a major project by Bharat Petroleum Corporation (BPCL) to supply and install 800 units of DC fast EV Chargers at different locations across the country.
    -Servotech Power Systems Limited has signed an agreement with India's apex solar organisation, National Solar Energy Federation of India (NSEFI), to undertake the complete implementation of Solar-powered EV Charger-enabled carport as part of a pilot demonstration.

    2023
    -Servotech Achieves 1400EV charger supplied milestone in 3months across the country.
    -Servotech Signed Pact with Dubai-based Al-Ansari Motors to Provide EV Charging Solutions in Middle-East and Africa.
    -Servotech signs MoU with UP Govt. to establish an EV Charger Manufacturing Plant in Uttar Pradesh.
    -Servotech Power Systems Ltd. Bagged 2649 EV Chargers Order from BPCL.

    Way2Wealth Brokers Private Limited - CIN U67120KA2000PTC027628 Stock Broking: SEBI Regn No.: INZ000178638 | Exchange Membership ID: NSE: 11502, BSE: 3117, MSEI:51000, MCX: 56730 Depository Participant: SEBI Regn No. IN-DP-472-2020 | CDSL ID: 12062900 & 12031500, NSDL ID: IN303077 PMS: SEBI Regn No.INP000000829 | Register with AMFI ARN: 77558 (Date of Initial registration - 8th Dec 2009, Date of expiry - 24th Jan 2027) | PFRDA: POP226012019

    Way2Wealth Commodities Private Limited - CIN U51229KA2006PTC039880 Stock Broking: SEBI Regn No.: INZ000049130 | Exchange Membership ID: NCDEX : 00908

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