New Delhi, Dec. 30 -- Servotech Power Systems shares surged 4.99 per cent to Rs.169.41 on the NSE during intraday trading on Monday, December 30. The boost came after the company secured a significant contract from the Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA) under the Kusum Component C-1 Scheme.

The Rs.31 crore project involves the manufacturing, supply, installation, testing, and commissioning of 1,100 grid-connected agriculture pumps equipped with solar power plants. Servotech will also provide a five-year comprehensive warranty and maintenance service for pumps of varying capacities-2 HP, 3 HP, and 5 HP-with corresponding solar power setups of 3 kW, 4.5 kW, and 7.5 kW. These installations, covering a tota...