Servotech gets INR 20 crores order for DC Fast EV chargers • EVreporter

NSE-listed EV Charger manufacturer, Servotech Power Systems Ltd. has received an additional order for approximately 400 units of DC Fast EV Chargers from Bharat Petroleum Corporation Limited (BPCL) and other EV charger OEMs. Valued at around INR 20 Crores, this project includes the manufacturing, supplying, installing, and deploying of these chargers nationwide, particularly at BPCL petrol stations under the BPCL E-drive Project.

As per the company statement, this new order follows a previous contract for 1800 DC Fast EV chargers from BPCL and other OEMs, valued at ₹120 Crores, which has been increased by 20% due to the company’s timely deliveries and consistent performance. Servotech has completed 35% of the dispatches on schedule and met all planned requirements. BPCL has extended the additional order in recognition of the company’s performance.

Sarika Bhatia, Director, Servotech Power Systems Ltd. commented, Servotech feels extremely elated to have worked for BPCL and is committed to living up to the trust BPCL has placed in us. Time and again we have showcased our manufacturing capabilities with our production team relentlessly working keeping a strong focus on delivering exceptional products in-house. We will continue to maintain the highest standards of service and operational efficiency, setting new benchmarks in the industry. Our eco-conscious and top-notch EV chargers are catering to the growing demand for sustainable EV charging solutions across India, increasing the accessibility, affordability and availability of EV charging facilities to a wider demographic of EV users.

Also read: Servotech establishes subsidiary for EV charger components | To invest INR 30 crores initially