Servotech Renewable Power System Limited (SERVOTECH) — Announcement

1 Announcement 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Company signs MoU with Haryana government for clean energy investment

💡 Investor Takeaway
This partnership signals government-backed growth potential for Servotech's expansion in Haryana's renewable sector.

Servotech Renewable Power System Limited announced a Memorandum of Understanding with Haryana Enterprises Promotion Centre to invest approximately ₹400 crores in Haryana's clean energy manufacturing sector, establishing a framework for government-facilitated industrial development and ease of doing business.

2 Announcement Neutral 📄 PDF

📢 Key Event
Servotech signs ₹400 crore MoU with Haryana government for manufacturing expansion

🔄 What Changed
Proposed ₹400 crore investment in Haryana manufacturing expansion

🔮 What's Next
Phased investment over next 24 to 36 months

💡 Investor Takeaway
This expansion supports Servotech's ₹1,500 crore revenue target by FY 2027 through scaled renewable manufacturing.

Servotech Renewable Power System Limited announced a ₹400 crore MoU with Haryana government to expand renewable energy manufacturing capacity, targeting approximately 500 jobs and aligning with the Make in Haryana Industrial Policy 2026. The investment will scale EV charger, solar, and battery production over 24-36 months to support domestic and export demand growth.

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