Press Release - November 23, 2021
Leading manufacturer of LED Lights and Solar Products, Servotech Power Systems Ltd. has bagged off-grid Solar PV Plant order from Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). In this project, Servotech will supply, erection, testing, and commission the Off-grid Solar PV power plant in different government offices buildings in Uttar Pradesh. Though the total value of the project is 37.20 Crores that is valid for a year span, initially Servotech has been issued an LOI of 11.16 Crores that needs execution in a short span of time.
The project's execution is scheduled to begin in the first week of December 2021, and the project's completion is anticipated by March 2022.
The company recently reported financial statistics that indicate a huge growth in their profits and has proceeded to take on new initiatives and projects in order to achieve new commercial horizons.
We are proud to be a part of UPNEDA's recent effort towards solar growth. UPNEDA has always focused on providing quality power to the people of the state through renewable and new energy sources. I am certain that this off-grid solar PV project will be completed on time, and our collaboration will continue to assist India in meeting its goal of becoming carbon neutral by 2070, said Raman Bhatia, Managing Director, Servotech Power Systems Ltd.
Servotech Power Systems is engaged in Renewable Energy and is a leading manufacturer of Inverter, Batteries, LED Lights, Solar Products, Oxygen Concentrator, and UVC Germicidal Products with a proud legacy of 17 years.
Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. A trusted brand with a strong pan-India presence, our legacy is marked by proven innovation and distribution of high-end LED lighting and UV-C disinfection products, along with medical-grade oxygen concentrators and its makings.
For more information, please visit: https://www.servotech.in
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