Shares of Servotech Renewable Power Systems Ltd. surged nearly 8% in intraday trade after the company announced a strategic partnership with Zhuhai Piwin New Energy, a move set to strengthen India’s Battery Energy Storage Systems (BESS) landscape.
The collaboration is aimed at developing cutting-edge energy storage solutions that align with the ‘Make in India’ initiative, while also addressing one of the most pressing challenges in the EV and renewable energy ecosystem — efficient, scalable storage.
This partnership positions Servotech to:
- Enhance domestic manufacturing of advanced storage technologies
- Support India’s clean energy transition goals
- Provide grid-stabilizing solutions as renewable adoption accelerates
- Strengthen its footprint in the rapidly expanding EV charging infrastructure market
Market analysts suggest that the announcement underscores Servotech’s ambition to move beyond EV charging stations and solar solutions into becoming a comprehensive clean-tech enabler. The company’s focus on indigenous manufacturing also resonates with investor appetite for sustainable and future-forward businesses.
Servotech’s stock momentum reflects growing confidence in companies playing a pivotal role in India’s transition towards net-zero emissions. With the EV and renewable sector drawing significant government and investor attention, partnerships like this one could unlock long-term value creation.
