Servotech Renewable share price rises 3% after firm signs ₹400 crore MoU with Haryana government

Servotech Renewable shares jumped more than 3% after the company signed a memorandum of understanding (MoU) with the Haryana government’s Industry and Commerce department, according to an exchange filing.

As per the NSE filing, Servotech Renewable disclosed that the company aims to leverage this MoU to expand manufacturing and warehousing operations in Haryana with a proposed investment of nearly ₹400 crore.

“The investment is expected to generate around 500 direct/indirect employment opportunities,” the company informed the stock exchanges.

As part of the agreement, Servotech Renewable and Haryana Enterprises Promotion Centre (HEPC) will set up a framework which will be deployed in a phased manner within the next 24 to 36 months.

“Our proposed ₹400 crore investment aligns with Servotech’s long-term vision of scaling renewable energy manufacturing capabilities and is a meaningful step towards our stated ambition of reaching ₹1,500 crore in revenue by FY2027,” said Raman Bhatia, MD of Servotech Renewable.

As of 3 pm, Servotech Renewable shares were trading 1.75% higher at ₹100.34, compared to ₹98.36 at the previous market close, according to NSE data.

Servotech Renewable share price trend

Servotech Renewable shares have delivered more than 5,180% returns on their investment in the last five years, and over 69% gains in the past three years, according to exchange data. However, the company’s stock has lost 18% in the last one year period.

So far in 2026, Servotech stock has gained 27% year-to-date (YTD), and has risen 5.6% in the last one month period. The company's shares have risen 6.5% in the last five trading sessions.

Shares of Servotech surged to their 52-week high of ₹168.50 on June 4, 2025, while the 52-week low was at ₹57.51 on January 30, 2026, according to NSE data. The company’s market capitalisation (m-cap) was at ₹2,260 crore as of Tuesday’s trading session.