Servotech Signs Deal to Supply EV Chargers and Solar Solutions

16 Sep 2025 CW Team

As part of this agreement, both companies have established a binding commitment, ensuring long-term business consistency and reinforcing the partnership’s seriousness and scalability. Enovra Energy Solutions, a key player in Mauritius’s renewable energy sector, will act as Servotech’s exclusive representative on the island. With this agreement, Enovra will distribute Servotech’s portfolio of products, including solar solutions and EV chargers, strengthened by manufacturer-backed technical support, and bring an affordable renewable energy experience to Mauritius, promoting the adoption of green energy.

This association not only expands Servotech’s international presence but also builds on Enovra’s mission to transform clean energy accessibility in Mauritius and beyond.

Servotech Renewable Power System Ltd., formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India’s burgeoning EV infrastructure, solidifying its legacy as a trusted brand known for innovation and technological advancements.

In Q1 FY26, the company reported significant financial growth. Total revenue increased by 21.99 per cent to Rs 137 million from Rs 112 million in Q1 FY25. EBITDA also saw a substantial rise of 26.87 per cent, reaching Rs 11 million compared to Rs 8.5 million in the previous fiscal year. Profit after tax (PAT) grew by 1.36 per cent, amounting to Rs 4.6 million in Q1 FY26, up from Rs 4.5 million in Q1 FY25.

Foreign institutional investors bought 263,041 shares in Q1 FY26, increasing their stake to 2.99 per cent compared to Q4 FY25. The company has a market capitalisation of over Rs 3 billion. The stock is up more than 40 per cent from its 52-week low of Rs 97.55 per share and has delivered multibagger returns of 6,471 per cent over five years.

Servotech Renewable Power System Ltd., a leading player in the renewable energy and EV charging sector, has entered into a definitive trade agreement with Mauritius-based Enovra Energy Solutions Limited. Under this agreement, Servotech will supply EV chargers and solar solutions to Enovra for distribution and deployment across Mauritius and other surrounding regions.As part of this agreement, both companies have established a binding commitment, ensuring long-term business consistency and reinforcing the partnership’s seriousness and scalability. Enovra Energy Solutions, a key player in Mauritius’s renewable energy sector, will act as Servotech’s exclusive representative on the island. With this agreement, Enovra will distribute Servotech’s portfolio of products, including solar solutions and EV chargers, strengthened by manufacturer-backed technical support, and bring an affordable renewable energy experience to Mauritius, promoting the adoption of green energy.This association not only expands Servotech’s international presence but also builds on Enovra’s mission to transform clean energy accessibility in Mauritius and beyond.Servotech Renewable Power System Ltd., formerly Servotech Power Systems Ltd., is an NSE-listed company specialising in advanced EV charging solutions. Leveraging over two decades of expertise in electronics, they design and develop a wide array of AC and DC chargers compatible with various electric vehicles for both commercial and domestic applications. With their robust engineering capabilities, Servotech aims to be a key contributor to India’s burgeoning EV infrastructure, solidifying its legacy as a trusted brand known for innovation and technological advancements.In Q1 FY26, the company reported significant financial growth. Total revenue increased by 21.99 per cent to Rs 137 million from Rs 112 million in Q1 FY25. EBITDA also saw a substantial rise of 26.87 per cent, reaching Rs 11 million compared to Rs 8.5 million in the previous fiscal year. Profit after tax (PAT) grew by 1.36 per cent, amounting to Rs 4.6 million in Q1 FY26, up from Rs 4.5 million in Q1 FY25.Foreign institutional investors bought 263,041 shares in Q1 FY26, increasing their stake to 2.99 per cent compared to Q4 FY25. The company has a market capitalisation of over Rs 3 billion. The stock is up more than 40 per cent from its 52-week low of Rs 97.55 per share and has delivered multibagger returns of 6,471 per cent over five years.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..