Shares of Servotech Power Systems Ltd. will be in focus as the company has secured a contract to build 11 DC Fast EV charging stations from Bangalore Electricity Supply Company Limited (BESCOM). This contract involves Servotech installing public electric vehicle (EV) charging stations at 11 Regional Transport Office (RTO) premises across Karnataka.

The project will significantly enhance the charging infrastructure for electric vehicles making it more convenient for EV owners to charge their vehicles acrossvarious regions of Karnataka the company said in an exchange filing.

Earlier the company secured a contract for installing EV charging stations from the Agency for New and Renewable Energy Research and Technology (ANERT) Department of Power Govt. of Kerala.

According to the information shared the company has to build 12 electric vehicle (EV) charging stations with 30KW Fast DC EV chargers at the various locations of the Kerala Motor Vehicle Department. This contract involves Servotech supplying commissioning and construction of EV charging stations.

This pilot project whose execution has already begun. will be executed in phases. The company said that phase one involves the installation of four EV charging stations and the second phase will involve the installation of 8 EV charging stations.

(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.)