Latest news with #ServotechRenewablePowerSystem
Hans India
13 hours ago
- Business
- Hans India
Servotech Renewable in focus on Monday as Coeus Fund converts warrants
Shares of Servotech Renewable Power System are expected to remain in the spotlight on Monday following a major equity allotment and expansion of its EV charging infrastructure portfolio. The renewable energy firm has converted 10 lakh warrants into equity shares, issued to Coeus Global Opportunities Fund, further strengthening investor confidence. The company allotted the shares at ₹83.40 per share (₹1 face value + ₹82.40 premium), receiving ₹6.25 crore or 75% of the issue price as upfront payment. This allotment is part of a larger preferential issue of 89 lakh warrants announced in January 2024. With this move, Coeus Global Opportunities Fund doubled its stake in Servotech from 0.44% to 0.88%, now holding 20 lakh shares. Consequently, the company's paid-up capital increased from ₹22.48 crore to ₹22.58 crore. Green Energy and EV Infra Drive Growth Servotech's growth isn't limited to capital infusion. Its subsidiary, Incharz (Servotech EV Infra), recently signed an MoU with Noida Power Company Ltd (NPCL) — a joint venture between the RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority. The deal aims to boost EV charging infrastructure across Greater Noida, targeting corporate campuses, housing societies, commercial spaces, and hospitals. NPCL will assist by recommending strategic locations and liaising with power distribution companies to accelerate setup and reduce costs. Incharz has already installed EV chargers at two residential complexes as part of the initiative. Stock Performance Servotech Renewable has been on a steady upward trajectory: +21% in the past month +19% over the last three months +67% in one year Massive 2,300% gain over three years, making it a multibagger in the smallcap space Despite closing slightly lower at ₹147.50 on Friday (down 0.04%) on the NSE, the stock's fundamentals and long-term prospects remain strong due to its active role in India's green energy transition. Investor Note With increased institutional interest and a strong pipeline in EV infrastructure, Servotech Renewable Power System is likely to draw heightened attention in the coming trading sessions.
Mint
a day ago
- Business
- Mint
Renewable energy stock to be in focus on Monday; here's why
Servotech Renewable Power System share price will be in focus on Monday after the company announced the conversion of 10,00,000 warrants into an equal number of equity shares. The company said it has allotted 10 lakh equity shares of face value Re 1 each at an issue price of ₹ 83.40 per share — including a premium of Re 82.40 — to Coeus Global Opportunities Fund. The allotment was made after receiving a total of ₹ 6.25 crore, at ₹ 62.55 per warrant, which is 75% of the issue price. The allotment was approved by the Sub-Committee of the Board of Directors at its meeting held on Friday, June 27, 2025. This is part of a larger allotment of 89 lakh warrants issued on January 6, 2024, on a preferential basis to non-promoters under the public category. Following the latest conversion, Coeus Global Opportunities Fund has increased its stake in the company from 10 lakh shares, or 0.44% stake, to 20 lakh shares, now holding a 0.88% equity stake in Servotech Renewable Power System. As a result of this allotment, the company's issued, subscribed, and paid-up share capital has risen from ₹ 22.48 crore to ₹ 22.58 crore. Servotech Renewable Power System is involved in the business of renewable energy solutions, and the company has recently been in the spotlight due to its capital-raising initiatives and ongoing growth in the green energy segment. The renewable energy stock could react to this development when the Indian stock market opens on Monday. Servotech Renewable Power System share price has rallied over 21% in one month, and gained 19% in the past three months. Over the past one year, Servotech Renewable shares surged 67%, while the smallcap stock has delivered multibagger returns of 2,300% in three years. On Friday, Servotech Renewable Power System share price ended 0.04% lower at ₹ 147.50 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
6 days ago
- Business
- India.com
This company shares gain after acquisition update
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा Shares of NSE-listed Servotech Renewable Power System Ltd gained on Monday, i.e. June 23, 2025, even as equity benchmark indices tumbled in early trade amid rising tensions in the Middle East after the United States bombed three major nuclear sites in Iran. The counter started the session flat at Rs 138.77 but gained to touch the high of Rs 142.34 on the NSE. Last seen, the counter was trading at Rs 139.18 with a gain of 0.30. The stock hit its 52-week high of Rs 205.40 on September 26, 2024, and its 52-week low of Rs 84.88 on June 20, 2024. The market cap of the company is 3,129 crore. Company Shares Update On Acquisition The shares are in action as the company has informed exchanges about a strategic acquisition. In a move that underscores its long-term vision, the company has acquired a 27 per cent stake in New Delhi-based PV Module manufacturer Rhine Solar Ltd. This acquisition, valued at Rs 12.15 crore, is set to significantly enhance the company's backwards integration capabilities. 'As per the agreement, the Company will acquire 27% of the shareholding in Rhine Solar Limited at a post-money valuation, thereby marking a strategic investment aimed at strengthening our backward integration capabilities,' the company said in an exchange filing. As part of the deal, the company will acquire 9,50,106 equity shares of the company at Rs 127.88 per share. The indicative time period for completion of the acquisition is 90 days. Servotech Renewable Power System Share Price Shares of Servotech Renewable Power System have shown a promising trajectory, gaining 9 per cent in the past month. While the counter has corrected 18 per cent in the past six months, on a YTD (year-to-date) basis, the scrip has given a negative return of 17 per cent and has risen 62 per cent in one year. This upward trend is a positive sign for investors. Meanwhile, the company posted a two-fold rise in net profit to Rs 7.71 crore in the quarter ending March 31.
Mint
21-06-2025
- Business
- Mint
Solar stock to be in focus on Monday after THIS acquisition update. Details here
Servotech Renewable Power System share price will be in focus on Monday after the company announced the acquisition of 27% stake in PV Module manufacturer Rhine Solar Ltd for ₹ 12.15 crore, to strengthen its backward integration capabilities. Solar solutions and EV charger manufacturer Servotech Renewable Power System said that it has officially entered into a definitive agreement to acquire a 27% stake (post-money valuation) in New Delhi-based Rhine Solar. Servotech will acquire 9,50,106 equity shares of Rhine Solar, constituting a 27% stake in the company, at ₹ 127.88 per share, aggregating to ₹ 12,14,99,555.28. Rhine Solar deals in Solar Panels, Solar Lamps, Solar Lights, Solar Cooker, solar home light, solar street light, solar geyser, solar water irrigation system throughout India. The company reported a turnover of ₹ 82.41 crore in FY25, and ₹ 60.01 crore in FY24. The indicative time period for completion of the acquisition is 90 days. This crucial investment propels Servotech directly into the heart of the PV module manufacturing industry, Servotech Renewable Power System said. Currently, Rhine Solar boasts the manufacturing capacity of 100 MW, and the plan is to significantly escalate this capacity, aiming for an impressive 600 MW by next year, it added. 'This acquisition is a major leap forward for us as we move toward becoming a fully integrated solar solutions provider. We've now officially stepped into PV module manufacturing, and this is only the beginning. A key focus will be on producing advanced N-type TOPCon 12 busbar panels, which are not only more efficient but also in high demand in both domestic and global markets due to their superior performance and durability,' said Raman Bhatia, Managing Director of Servotech Renewable Power System. Servotech Renewable share price has gained 9% in one month, but the solar stock has fallen 18% in the past six months. The small-cap stock is down 17% on a year-to-date (YTD) basis, and has risen 62% in one year period. On Friday, Servotech Renewable share price ended 3.23% higher at ₹ 138.79 apiece on the NSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
04-06-2025
- Business
- India.com
This company's shares surge 14 percent following order win from...
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा Shares of NSE-listed Servotech Renewable Power System gained over 14 per cent today after the company shared details about the new order win. The counter started the session in green and opened at Rs 150.40 against the previous close of Rs 147.26. Later, it surged to touch a high of Rs 168.50, a gain of 14.42 per cent from the last closing price. Last seen, it held firmly in green at Rs 162.80 with a gain of 10.55 per cent. The 52-week high of the counter is Rs 205.40 and the 52-week low is Rs 75.50. The market cap of the company is Rs 3,657.23. Servotech Renewable Power System secures a significant order worth Rs 33.6 crore, marking a promising development for the company's future. The home-grown EV-chargers company has informed exchanges that it has secured an order worth Rs 33.6 crore from Rangiya Division, Northeast Frontier Railway for a grid-connected solar rooftop project. 'We are pleased to inform all our stakeholders that the company has secured a prestigious order for a 7.8MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway,' said the company. The order involves design, supply, installation, testing and commissioning of a grid-connected rooftop solar power plant. The company informed exchanges that the order needs to be executed within six months from the date of issue of the letter of acceptance (LoA). Servotech Renewable Power System Share Price History The stock has given a multibagger return of 6,333 per cent in one year and 104 per cent in one year. However, it has corrected around 3 per cent on YTD (year-to-date) basis. Servotech Q4 Results Earlier, the company demonstrated its financial strength by posting a two-fold rise in net profit to Rs 7.71 crore in the March quarter, driven by higher revenues. It had reported Rs 3.45 crore net profit in the January-March period of the preceding 2023-24 financial year. The company's revenues increased 8 per cent to Rs 147.46 crore in the fourth quarter from Rs 136.65 crore in the same period last fiscal.
