Servotech Secures Key EV Charging Contract in Kerala

Servotech Power Systems Ltd., a leader in EV charger manufacturing, has won a significant contract from Kerala's Agency for New and Renewable Energy Research and Technology (ANERT) to build 12 electric vehicle (EV) charging stations across the state.

The project involves the supply, commissioning, and construction of 30kW fast DC EV charging stations at various Kerala Motor Vehicle Department locations. It will be executed in two phases, with four stations in the first phase and eight more in the second.

Following the announcement, Servotech's shares rose by 3.18%, reaching ₹134.92 on the NSE, signaling positive market sentiment.

This contract aligns with Kerala’s efforts to expand its EV charging infrastructure, supporting the state's transition to sustainable transportation. Servotech's involvement in this project underscores its role as a key player in India’s growing EV ecosystem, providing innovative solutions to meet the rising demand for electric vehicles.

News by Rahul Yelligetti