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Servotech Power Systems bags order worth 2.5cr to provide sizeable consignment of Oxygen Concentrators

28 Jan 2022 , 03:57 PM

Servotech Power Systems on Friday announced that the company secured an order for providing a sizeable consignment of its medical-grade Oxygen Concentrators by Smile Foundation, a national NGO engaged in the service of welfare and wellbeing of over 15 lakh children and their families through various on-ground projects and initiatives.

The acquired project worth over 2.5 Crore entails the end-to-end facilitation of rigorous functionality testing & inspection, processing, dispatch and delivery of the required number of Oxygen Concentrators swiftly.

In its regulatory filing on NSE, Servotech said that “being a credible and reliable Company with offerings ranging from life-saving medical devices to healthcare disinfection devices, Servotech intends to be at the forefront to assist the organization in ensuring adequate buffer stock of medical Oxygen generating devices to strengthen the readiness of the rapid response teams to carry out immediate rescue and critical-care operations.”

Servotech as part of its commitment to bridge the demand-supply gap for concentrated Oxygen during the second wave of COVID-19 in 2021, acted as one of the major providers of Oxygen Concentrators to a large number of clinics, hospitals and households and yet again is scaling up its production capacity aggressively to ensure timely delivery of these life-saving devices. 

On NSE, the company’s stock closed at Rs108 per piece down by 4.85%. 

Related Tags

  • markets
  • NSE
  • Servotech Power Systems
  • Servotech Power Systems new order
  • Servotech Power Systems share price
  • Smile Foundation
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