Shares of Servotech Renewable Power System Ltd rallied 4% on 1 July after the company announced securing an order from Bengaluru International Airport Limited (BIAL) to build ultra-fast EV chargers at Kempegowda International Airport.

Servotech Renewable Power System stated that each charger will have a capacity of 240 kW and will improve the airport’s e-transport operational efficiency.

Servotech Renewable Power System has been awarded a contract to build ten ultra-fast direct current electric vehicle (DC EV) chargers of 240 kW each at Kempegowda International Airport for airside EV operations, the company announced.

“This positions the installation as first and biggest of its kind EV charging hub for airside EV operations in an Indian airport enabling fast turnaround times and significantly enhance the airport’s e-transport operational efficiency,” it said.

As part of the initiative, a charging station will be strategically located on airport grounds to charge electric buses used for passenger transportation between terminals and aircraft, as well as to facilitate 24/7 airside EV operations, thereby contributing to the reduction of the airport’s transport carbon emissions.

Servotech Renewable will be in charge of the EV charging station’s supply, erection, testing, commissioning, and five-year maintenance under this project.

At 11:51 am, the shares of Servotech Renewable were trading 1.25% higher at Rs 148.75 on NSE.

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