India's Servotech Power Systems hits upper circuit on $12 mln order win

Servotech Renewable Power System

23/02/2024 07:30

** Shares of Servotech Power Systems  SERO.NS  locked in
upper circuit, rising 5% to 97.80 rupees 
    **  Electrical components and equipment maker says it has
won order worth 1.02 bln rupees ($12.3 mln) for nearly 1,500 DC
fast EV chargers from Hindustan Petroleum Corp  HPCL.NS  and
other OEMs 
    ** Stock on track to snap a three-day losing streak, if
gains hold; shares up ~28% YTD



($1 = 82.8890 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))