1. BESS capacity 10X - BESS production is fully utilised and unable to meet demand; capacity doubles within 6 months, triples from 21 March 2027, and reaches 10X in 2 years, with construction already started. Management says BESS work is already improving EBITDA, so this is near-term margin accretion scaling into a multi-year earnings leg.
2. Railway solar EPC book - Q1 FY27 added a 1,415 kW South Central Railway rooftop order, joining a pipeline spanning 2.58 MW South Eastern, 3 MW North Central, 4.1 MW Waltair, and 7.3 MW North Western Railway projects. Government EPC has grown into a meaningful revenue portion with \~₹60 crore of railway receivables in WIP, and payment terms on these contracts are 60 percent against delivery and 40 percent against commissioning.
3. PM Surya Ghar household solar - Awarded a ₹73.70 crore NREDCAP project for 5,886 SC/ST households under PM Surya Ghar, execution within 6 months, plus a CIMSME app partnership targeting 1 lakh solar homes by 2026. This is a government-funded order flow with defined scope and timelines, adding a second large rooftop channel beside railways.
4. Haryana ₹400 crore manufacturing MoU - Signed a ₹400 crore MoU with Haryana's HEPC on 1 June 2026 to expand manufacturing across EV chargers, solar, battery packs, BESS, and power electronics, deployed over 24-36 months. Management tied this directly to the stated ₹1,500 crore revenue ambition for FY27, making it the funded backbone of the next growth phase.
5. PSU/OMC EV charger orders - Secured 423 of \~631 tendered units (67% share) from PSUs and OMCs for 60 kW and 120 kW DC fast chargers, to be implemented in FY2026-27. This converts a stagnant charger market into a committed order book, with 12,500+ cumulative installations already making Servotech India's largest EV charger maker.
6. Rhine Solar backward integration - Acquired 27% of Rhine Solar, an ALMM-approved module maker scaling from 100 MW to 600 MW, with Servotech taking 70-80% of panel output. Rhine revenue is planned to jump from ₹80 crore to \~₹700 crore, and this is captive supply for Servotech's own solar projects - cutting panel costs directly.
7. Retail channel scaling - Retail run-rate hit \~₹25 crore/month, up from ₹2 crore in FY22, with 800+ distributors and 6,000+ retailers across 370+ towns. Management expects retail to exceed 50% of total revenue in FY27, shifting mix away from tender-dependent government business toward higher-margin repeat sales.
8. E-rickshaw battery vertical - SULTAN lithium-ion batteries for e-rickshaws launched in two models, targeting 5,000 batteries per month - 60,000 packs worth over ₹100 crore - with a plan to reach 25,000 monthly within a year. Already created a one percentage impact on the entire year's revenue, and this is a new non-captive market beside solar.
9. UAE subsidiary and exports - Incorporated Servotech Renewable International FZCO in Dubai (October 2025) as a hub for UAE/GCC solar, storage, and EV charger projects, with 75% Servotech ownership. Exports already span 9 countries with a Mauritius distributor agreement and a German micromobility partnership, and the subsidiary adds global procurement to cut input costs.