Servotech Power News Today

Even though the Union Budget stepped away from lining up populist measures in the election year, it did provide some stock-specific measures that brought cheer to pockets within the market

Batteries lie at the heart of the shift from fossil fuels to clean energy. Here are three companies to bet on

Servotech's profit after tax surged over 300 per cent on a year-on-year (YoY) basis to Rs 3.12 crore in the September 2023 quarter, while its revenue surged more than 114 per cent to Rs 85.93 crore.

Servotech Power Systems shares surged about 4 per cent to Rs 79.95 on Tuesday, commanding a total market capitalization of close to Rs 1,900 crore.

EMCOR Power Solutions is the Indian business start-up of EMCOR International, a Kuwait-based general trading company, to establish 1000 EV charging stations in India.

The manufacturing facility is being set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022, the company said in a statement on August 12.

Servotech Power: The MoU was signed by Servotechs MD Raman Bhatia and UPs Industrial Development Minister Nand Gopal Gupta Nandi. Invest UP CEO Abhishek Prakash and other senior officials of the state government were also present on the occasion.

Lithium-ion Batteries: In a statement, Servotech Power said the initial investment will be utilized to procure testing equipment, manpower, machinery, and cutting-edge technology and supporting other allied activities.

State-owned IDBI Bank on Monday reported a 60 per cent growth in net profit to Rs 927 crore in the third quarter ended on December 31, 2022, on lower provisioning and better interest income Get more Companies News and Business News on Zee Business.

Servotech has landed the contract to supply and install 800 units of DC fast EV chargers at BPCL’s retail sites and fuel and gas stations across the country.