Servotech And BEKEM Infra Projects Form JV To Pursue Government-Led Renewable Energy Projects

In order to collaborate on government-led renewable energy projects, Servotech Renewable Power System Limited and BEKEM Infra Projects Private Limited have signed a joint venture agreement. Under programs like the PM Surya Ghar: Muft Bijli Yojana, this includes initiatives like rooftop solar as well as related infrastructure. With a market valuation of Rs 2.76KCr, Servotech Renewable Power System's shares closed 0.17% higher on the NSE on Friday at Rs 122.30 a share after the news.

According to the agreement, Servotech will not issue any equity shares to its joint venture partner. Servotech Renewable Power System Limited does not hold any shareholding in BEKEM Infra Projects Private Limited. The parties to this agreement have no affiliation with any group firms, promoters, or promoter groups. This particular transaction does not qualify as a related-party transaction.

A significant milestone in Servotech Renewable Power System Ltd's efforts to propel India's clean energy transition was recently reached on August 19, 2025, when the company announced that it had secured a prestigious order of Rs 28.84 crore for a 7.3 MW on-grid rooftop solar project from the North Western Railway, Jaipur Division. The whole implementation of rooftop solar PV systems will fall within the authority of Servotech.

Financially speaking, the company's total revenue increased by 28.01% to Rs 125.14 crore in the June 2025 quarter from Rs 97.75 crore in the first quarter of FY25. With a robust 63.65% rise, EBITDA increased from Rs 8.70 crore in Q1 FY25 to Rs 14.23 crore in Q1 FY26. In the first quarter of FY26, the company's net profit increased by 59.18% to Rs 7.55 crore from Rs 4.74 crore in the June 2024 quarter.

Likewise, gross profit grew from Rs 19.40 crore in Q1 FY25 to Rs 26.57 crore, a 36.96% growth. In addition, profit before tax (PBT) surged by 59.25% in Q1 FY26, reaching Rs 10.04 crore from Rs 6.30 crore the year before-quarter.

From producing power conditioning systems, Servotech Renewable Power System Ltd., an Indian firm, has grown to become a major force in the renewable energy industry. Servotech, which has a manufacturing facility in Sonipat, Haryana, is a leading supporter of the "Make in India" movement. The stock has corrected significantly from its 52-week high of Rs 205.40 (reached on 26-Sep-2024), falling by about 40% from the peak to its current trading price of Rs 122.30. Nonetheless, the stock has recovered by around 25% from its 52-week low of Rs 97.55 (achieved on 07-Apr-2025), indicating signs of recovery.