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On Friday, a huge jump was seen in the shares of small cap company in the renewable energy sector, Servotech Renewable Power System, in the Indian stock market. The company’s shares rose by more than 5% to reach Rs 102.50 on the National Stock Exchange (NSE). The reason behind this spectacular rise in the stock market is the order for a very big and important project received from the Uttar Pradesh government. As soon as the news of this government order came, there was a rush among investors to buy shares and the company’s stock crossed the psychological level of Rs 100.
Big tender received from Uttar Pradesh government: Hybrid solar rooftops will illuminate villages of UP
Servotech Renewable Power Systems has received this major project from ‘Uttar Pradesh State Rural Livelihood Mission’ (UPSRLM) under the Rural Development Department of the Government of Uttar Pradesh. Under this government tender, the company has been given the responsibility to install hybrid solar rooftop systems equipped with state-of-the-art Battery Energy Storage Systems (BESS) at various places in rural areas of Uttar Pradesh. This project will prove to be a major step towards ensuring uninterrupted power supply in rural areas.
Total capacity of 900 kW will be installed at 12 important places.
A total of 12 strategic locations within the state of Uttar Pradesh have been allotted to Servotech Renewables under this government project. The company will install a hybrid solar rooftop system of 75 kW capacity at each location, taking the total capacity of this entire project to 900 kW. Under this project, Servotech will assume full responsibility for the design, supply, installation, commissioning and future maintenance of the hybrid solar system integrated with Battery Energy Storage Systems (BESS).
Gave huge returns of more than 1400% in 4 years: Journey started from Rs 2.52
The share history of Servotech Renewable Power Systems shows that it has made its long-term investors rich. On September 3, 2021, the price of one share of the company was only Rs 2.52, which reached the level of Rs 102.50 on July 17, 2026. Thus, in the last 5 years this stock has given historical returns of more than 3850%. At the same time, if we look at the performance of the last 4 years, this share has increased from Rs 6.65 to Rs 102, which shows a huge increase of more than 1400%. Even within the last 6 months, the company’s shares have registered a good rise of 43%. The 52 week high level of this stock is Rs 152.97 and the lowest level is Rs 57.51.
Company has split shares twice: Investors have got double benefit
To provide better liquidity and value to its investors, Servotech Renewable Power System had split its shares twice during the year 2023. For the first time in February 2023, the company divided its shares with a face value of Rs 10 into 5 pieces with a face value of Rs 2 each. Soon after, in July 2023, the company again split the shares with face value of Rs 2 into 2 shares of face value of Rs 1 each, thereby significantly increasing the number of shares held by investors.
Company manufactures EV fast charger and lithium-ion batteries: Business is diversified
Servotech Renewable Power Systems is a leading manufacturer of high-efficiency solar panels, grid-tied and hybrid inverters and solar charge controllers in the country. Additionally, the company is also rapidly expanding into the electric vehicle (EV) segment and manufactures premium AC and DC fast chargers ranging from 120 kW to 360 kW capacities. The company is also manufacturing advanced battery energy storage systems and customized lithium-ion battery packs for commercial, residential and e-rickshaw use on a large scale.