MoneyWorks4Me

Servotech Power Systems bags additional order from BPCL & other OEMs

25 Jul 2024 Evaluate

Servotech Power Systems has received an additional order of around 400 units of DC Fast EV Chargers from Bharat Petroleum Corporation (BPCL) and other EV charger OEMs. The project valued at around Rs 20 crore will involve manufacturing, supplying, installing, and deploying these chargers nationwide, particularly at BPCL petrol pumps as part of the BPCL E-drive Project.

Previously, the company received an order for 1800 DC Fast EV chargers from BPCL and other EV charger OEMs valued at Rs 120 crore, which they have now increased by 20%. This increase comes as a result of the company’s timely deliveries and consistent performance. Servotech has already completed 35% of the dispatches on time and has met 100% of their requirements as per their plan. 

Servotech Power Systems is engaged in manufactures and sells inverters, uninterruptible power source products, and servo stabilizers under the SERVOTECH brand name in India, south-east Asia, Africa, Europe, and the Middle East.

Peers
Company Name CMP
Waaree Energies 2427.60
Apar Industries 18220.00
Havells India 1062.65
Suzlon Energy 38.92
Siemens 3837.80
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