Bengaluru, June 25 -- The share of this green energy stock surged by approximately 5 percent on Wednesday after the company announced that it had secured an order worth Rs 60 crore from Urja Vikas Nigam Ltd.

With a market capitalisation of Rs 3,430 crores, the shares of Servotech Renewable Power System Ltd are currently trading at Rs 153 per share, down by 25.52 percent from its 52-week high of Rs 205.40 per share. In the last one year, the stock has delivered a return of 71 percent.

The company, through a stock exchange filing, announced that it has signed a contract worth Rs 60 crore from Madhya Pradesh Urja Vikas Nigam Ltd. The company is responsible for the Design, supply, installation, and commissioning of on-grid rooftop solar sys...