According to the statement, the company 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, playing a key role in the widespread implementation of EV charging solutions.
According to the statement, the company 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, playing a key role in the widespread implementation of EV charging solutions.
In a significant stride towards bolstering electric vehicle (EV) infrastructure in India, Servotech Power Systems declared its ambitious initiative to install 5,000 EV-charging stations across the country. The company unveiled its strategic move on Tuesday, marking a pivotal step in the nation's transition towards sustainable and eco-friendly transportation solutions.
Servotech Power Systems to instal 5,000 EV charging stations in India devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
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.
For the proliferation of electric vehicles in India and the development of essential EV charging infrastructure a multi-pronged effort is needed; here we explain these efforts in detail.
The stock of leading EV chargers and solar solutions providers started trading today at Rs 78. In the previous session on Monday, the stock settled at Rs 74.30.
Shares of Servotech Power Systems hit an upper circuit of 5 per cent to Rs 78 on Wednesday, commanding a total market capitalization close to Rs 1,700 crore.