Over 1.28 crore registrations have been made and around 14 lakh applications received under the scheme for rooftop installations.
Shares of Servotech gained for the second consecutive day on Thursday. The counter opened at Rs 145.40 on the NSE and gained further to touch the high of rs 157.28. This is a gain of 10 per cent from the previous close of Rs 142.99.
The counter has been gaining for the last 2 days and has risen 10.65 per cent in the period.
On technical parameters, Servoteach is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
Earlier, Servotech Power Systems said that is has been enrolled with 62 discoms in the country for PM Surya Ghar Muft Bijli Yojana. The development not only solidifies its position in the renewable energy sector but also benefits consumers by enabling them to avail government subsidies while purchasing solar solutions, Servotech Power Systems said in a statement.
“Servotech Power Systems has expanded its reach significantly by enrolling with 62 discoms across India under Pradhan Mantri-Surya Ghar Muft Bijli Yojana,” it said.
In February, Prime Minister Narendra Modi announced the scheme, which aims to light up one crore households by installing rooftop solar equipment and providing up to 300 units of free electricity every month.
Over 1.28 crore registrations have been made and around 14 lakh applications received under the scheme for rooftop installations.
Servotech Power Systems is a listed entity that develops tech-enabled EV charging and solar solutions.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)