Multibagger Stock Alert: Green Energy Stock Surges On Solar Project From UP Government

Multibagger Stock Alert: Shares of Servotech Renewable Power System continued to move upward, days after bagging a solar project order from the Uttar Pradesh government. The company had secured an order for the installation of Hybrid Solar Rooftop System with Battery Energy Storage System (BESS) across multiple locations.

Servotech Renewable Power System shares closed 0.53% higher at Rs 100.47 per share on NSE with a market capitalisation of Rs 2,269.07 crore (total) on Tuesday, July 21. The stock hit an intraday high mark of Rs 102.05 per share and an intraday low mark of Rs 98.62 per share.

Servotech Renewable Power Sytem Order Win

The company won an order from the Uttar Pradesh government for the installation of Hybrid Solar Rooftop System with Battery Energy Storage System (BESS) across multiple locations in Uttar Pradesh.

“Under the project, Servotech has been allocated 12 locations of 75 kW each with a total allocated capacity of 900 kW. Under the scope of the project, Servotech Renewable will be responsible for the design, supply, installation, commissioning, and Maintenance of Hybrid solar systems with BESS across the locations,” stated the company in its press release earlier.

The hybrid solar systems, integrated with battery energy storage will provide reliable and uninterrupted supply of clean energy. The project, as per the company, aligns with the state government’s focus to shift on decentralised renewable energy adoption and is expected to strengthen energy access in the rural areas.

“We are excited to work with the UPSRLM on this initiative. Reliable access to clean energy has the potential to transform rural communities, and we are proud to contribute to that vision through our hybrid solar solutions,” stated Sarika Bhatia, Whole-Time Director, Servotech Renewable Power System Ltd. Zenith Multi Trading Dmcc, owned by Hari Tibrewal, holds stake in Servotech Renewable Power Systems (in the FIIs category)

Servotech Renewable Power System Share Price Trend

The stock closed higher on Tuesday. Its share price touched 52-week high mark of Rs 145.59 per share on July 21, 2026. The stock dipped to its 52-week low mark of Rs 57.51 per share on January 30, 2026. The stock has delivered around 27% return in 2026 so far, but its share price value has declined around 30% in one year. The renewable energy stock has delivered 5,576.27% return in five years, as per NSE data.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.