India's Servotech Renewable Power falls on order cancellation
04/03/2026 04:07
** India's Servotech Renewable Power System SERO.NS falls 4% to 67 rupees, set for second straight session of losses ** Co says New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) cancels order worth 737 million rupees ($8.00 million) awarded in November ** Certain payment and commercial terms were revised from those specified in the original tender conditions -- co ** Order stands closed as NREDCAP expressed its inability to proceed under the modified structure ** YTD, SERO down 15% ($1 = 92.1690 Indian rupees) (Reporting by Komal Salecha in Bengaluru) ((Komal@thomsonreuters.com))
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