Order Wins & Contracts
Servotech Secures EV Charger Order from Oil Marketing Companies & PSUs
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Servotech has secured a domestic order from Oil Marketing Companies and PSUs for the supply, installation, and commissioning of EV chargers across India, strengthening its position in the EV infrastructure segment.
PRICE-SENSITIVE TRIGGER
Event: EV charger order from PSUs
Type: Order Wins & Contracts
Impact: Positive
Immediate Effect: Strengthens order book and EV segment visibitiy
Key Metrics
- 375 units of 60 kW EV chargers
- 48 units of 120 kW EV chargers
Highlights
Total Chargers: 423 EV chargers
What Happened ?
Servotech Renewable Power System Limited has secured a prestigious order from Oil Marketing Companies and Public Sector Undertakings (PSUs) for the deployment of EV charging infrastructure across India.
The contract includes supply, installation, and commissioning of EV chargers at multiple locations nationwide.
Key details
Order Scope
- Supply and installation of EV chargers
- Commissioning across various locations in India
- Standard contract terms
Order Composition
- 375 units of 60 kW chargers
- 48 units of 120 kW chargers
Strategic Importance
- Strengthens presence in EV infrastructure sector
- Association with PSU clients enhances credibility
- Supports India’s EV adoption and green energy push
Execution
- Domestic project
- Timeline: As per contract
Risk Analysis
Key Risks
- Execution delays across multiple locations
- Dependency on government/PSU project timelines
- Margin pressure due to competitive bidding
Worst Case Scenario
Delays or cost overruns impact profitability
Risk Level: Medium
Company Commentary
- Order reflects strong demand for EV charging infrastructure
- Strengthens company’s positioning in clean energy space
- Expands relationship with PSU clients
Official Exchange Filing: Servotech Renewable Power System Ltd