India's Servotech Renewable Power System rises on pact with state government
02/06/2026 09:15
BUZZ-India's Servotech Renewable Power System rises on pact with state government ** Shares of Servotech Renewable Power System SERO.NS up 2.4% to 100.5 rupees
** Electric vehicle charger manufacturer signs 4 bln rupees ($42 mln) pact with India's northern state of Haryana to expand renewable energy manufacturing capacity
** Proposed investment will be deployed in a phased manner over next 24 to 36 months
** Stock was trading ~1% lower before the news
** SERO on course to rise for third straight session
** YTD, SERO up ~25.5%
($1 = 95.1925 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
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