Servotech Renewable Power System secures BEE 5-star rating for 60 kW & 120 kW DC EV chargers

1 min read     Updated on 26 Jun 2026, 06:34 AM
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Servotech Renewable Power System Limited secured a BEE 5-Star rating for its 60 kW and 120 kW DC Fast EV Chargers, achieving 97% energy efficiency. The certification, awarded under the EV Charger Star Labelling Programme, positions the ST-EVDC60KW and ST-EVDC120KW models in the highest efficiency category. This development supports the company's competitive edge in the EV infrastructure market by reducing energy losses and operating costs.

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Servotech Renewable Power System Limited has secured the 5-Star rating from the Bureau of Energy Efficiency (BEE) for its 60 kW and 120 kW DC Fast EV Chargers. The certification was awarded under BEE's EV Charger Star Labelling Programme, with the ST-EVDC60KW and ST-EVDC120KW models achieving a weighted average energy efficiency of 97%. This rating places the chargers in the highest efficiency category, validating the company's engineering capabilities in the EV infrastructure sector.

Certification Details

The BEE 5-Star rating is the highest tier in India's energy efficiency labelling programme. The following table outlines the key parameters of the certified EV chargers:

Parameter: Details
Certified Products: 60 kW DC EV Charger & 120 kW DC EV Charger
Rating Awarded: BEE 5-Star
Energy Efficiency: 97%
Certifying Authority: Bureau of Energy Efficiency (BEE)

Strategic Implications

Achieving a 97% energy efficiency level indicates that the chargers convert a high proportion of input electrical energy into usable output, minimising energy losses. This performance is critical for charge point operators and fleet owners aiming to lower operating costs. Raman Bhatia, Managing Director of Servotech Renewable Power Systems Ltd., stated that the recognition reinforces the company's mission to deliver sustainable and highly efficient charging solutions. The certification is expected to strengthen Servotech's competitive position in government, PSU, and commercial charging deployments.

Historical Stock Returns for Servotech Renewable Power

1 Day5 Days1 Month6 Months1 Year5 Years
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How will the BEE 5-Star rating influence Servotech's ability to secure government and PSU contracts for EV charging infrastructure?

What impact will this certification have on the operating costs for charge point operators adopting Servotech's high-efficiency chargers?

Could this achievement prompt competitors to accelerate their own energy efficiency certifications to maintain market share?

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Servotech signs ₹400 crore MoU with Haryana Govt to expand renewable manufacturing

1 min read     Updated on 03 Jun 2026, 04:43 AM
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Servotech Renewable Power System signed an MoU with Haryana Enterprises Promotion Centre to invest ₹400 crore in expanding manufacturing and warehousing operations, generating 500 jobs.

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Servotech Renewable Power System has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, to establish a framework for investment and development in the state. The agreement, signed on June 1, 2026, facilitates the company's proposed expansion of manufacturing and warehousing operations with a planned investment of approximately ₹400 crore. This collaboration aims to promote industrial development and the growth of clean energy manufacturing in Haryana, generating around 500 direct and indirect employment opportunities.

Strategic Expansion Plans

The proposed investment of ₹400 crore will be deployed to expand Servotech's business in Haryana. The capital is directed towards scaling production capacity across key sectors including EV chargers, solar products, battery packs, Battery Energy Storage Systems (BESS), and power electronics. These areas align with the state's focus on sustainable growth and import substitution. The expansion is designed to improve operational efficiencies and strengthen the company's ability to serve growing domestic and export demand.

Parameter Details
Agreement Type Memorandum of Understanding (MoU)
Partner Haryana Enterprises Promotion Centre (HEPC)
Proposed Investment Approximately ₹400 crore
Employment Opportunities Around 500 direct and indirect
Key Focus Areas EV chargers, solar products, BESS, power electronics

Government Collaboration and Support

Under the agreement, the Haryana Government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance to ensure the success of Servotech's endeavors. This support framework is intended to accelerate the implementation of the proposed investment. The collaboration reflects a shared objective of bolstering Haryana's position as a hub for clean energy manufacturing and innovation.

Management Commentary

Raman Bhatia, Managing Director of Servotech Renewable Power System Ltd., stated that the partnership aligns with the company's long-term vision of scaling renewable energy manufacturing capabilities. He noted that the proposed ₹400 crore investment is a meaningful step towards Servotech's ambition of reaching ₹1,500 crore in revenue by FY 2027. Bhatia emphasized that the collaboration would strengthen the company's operational footprint and contribute to Haryana's clean-energy ambitions and broader economic development.

Historical Stock Returns for Servotech Renewable Power

1 Day5 Days1 Month6 Months1 Year5 Years
-4.00%-5.18%-3.80%+22.99%-33.10%+5,507.02%

What is the expected timeline for the commissioning of the new manufacturing and warehousing facilities?

How will the proposed ₹400 crore investment be funded, and will it require additional debt or equity dilution?

What specific export markets is Servotech targeting with the increased production capacity for EV chargers and solar products?

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