Servotech Power Systems stock hits new all-time high on strategic foray into EV market

5 Jan 2022 , 03:57 PM

To facilitate the establishment of highly advanced EV charging technological infrastructure, Servotech Power Systems announces its strategic foray into the EV market and initiates the manufacturing of smart-tech driven innovative EV chargers for installation at various EV Charging stations across the country.

Servotech Power said that the decision of providing advanced EV Charging equipment and playing a pivotal role in aiding the creation of EV charging infrastructure is in line with the Company’s vision of developing solutions following the Government’s Make in India initiative and steering the nation towards a greener and sustainable future.

Further, the company stated that holding high levels talks with key officials from several major PSUs and Nodal Authorities regularly, the Company is currently devising new strategies to focus on the crucial aspects and issµes that are required to be addressed and execute its plan in a phased manner. To act as an end-to-end solutions provider for the installation of the EV Chargers, Servotech is presently gearing up its tech apparatus, aggressively.

On Sensex, Servotech Power closed at a new 52-week high of Rs87.50 per piece up 4.98%.