Servotech Renewable Power System Ltd has achieved a significant milestone with its 60 kW and 120 kW DC fast EV chargers receiving the 5-star rating from the Bureau of Energy Efficiency (BEE) under its EV Charger Star Labelling Programme. According to reports from The Hindu BusinessLine, the two certified models — ST-EVDC60KW and ST-EVDC120KW — recorded a weighted average energy efficiency of 97 per cent, placing them in the highest category under the programme. The certification is commercially significant for Servotech as government agencies, public sector undertakings, oil marketing companies, and fleet operators increasingly weigh energy efficiency and lifecycle operating costs in procurement decisions.
The certification carries significant commercial implications for Servotech, as reported by The Hindu BusinessLine. Government agencies, public sector undertakings, oil marketing companies, and fleet operators increasingly prioritize energy efficiency and lifecycle operating costs in procurement decisions. The 5-star rating positions the company's products favorably in these tender-driven segments, potentially opening new market opportunities for the company. The rating validates the company's focus on engineering and manufacturing investments, including component indigenisation, quality upgrades, and expanded production capacity.
Managing Director Raman Bhatia stated that the rating validates the company's focus on engineering and manufacturing investments, including component indigenisation, quality upgrades, and expanded production capacity. According to The Hindu BusinessLine, Servotech, formerly known as Servotech Power Systems Ltd, manufactures DC chargers, solar inverters, battery energy storage systems, and lithium-ion battery packs. The company's focus on manufacturing excellence and energy efficiency aligns with the current market demand for sustainable infrastructure solutions.
On Thursday, Servotech's stock was trading at ₹99.91, up 1.32 per cent from the previous close of ₹98.61, with an intraday high of ₹101.79. As reported by The Hindu BusinessLine, the company's market capitalisation stood at approximately ₹2,244.68 crore. The stock carries an annualised volatility of 66.68 per cent and trades at a P/E of 72.30. It has delivered a year-to-date return of 26.88 per cent, though it remains down 33.48 per cent over the past year against a 52-week high of ₹154.48 touched on June 25, 2025.
