Servotech Power Systems stock zooms 5% after bagging order for EV chargers from BPCL
Live MintServotech Power Systems saw its shares jump 5% to ₹79.10 apiece in Thursday's early trade. The company said it will be responsible for manufacturing, supplying, and installing 2,649 AC EV chargers strategically across the nation, equipping petrol pumps in major Indian cities under the BPCL E-Drive project. Commenting on the development, Sarika Bhatia, Director of Servotech Power Systems, said, "We are honoured to lead India's E-Mobility revolution in partnership with BPCL, collaborating closely to establish an energy corridor enabling on-the-move charging for electric vehicles across India." Implementing these chargers will not only enhance the convenience of EV charging but will also contribute significantly to reducing the carbon footprint associated with transportation.” "As India continues to embrace electric mobility, Servotech stands committed to driving innovation in EV charging technology, supporting the nation's transition towards a cleaner and more sustainable transportation ecosystem.
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