Servotech Renewable Power System Ltd has signed an MoU with the Haryana Enterprises Promotion Centre for a proposed ₹400 crore investment under Haryana’s Make in Haryana Industrial Policy 2026.

The investment will be implemented over 24–36 months and will expand manufacturing and warehousing capacity across key clean energy segments, including EV chargers, solar products, battery packs, Battery Energy Storage Systems (BESS), and power electronics. The exact project location is still being finalized.

The MoU provides government facilitation support but does not yet represent a final approval or project sanction. It serves as a framework for enabling the planned expansion.

Overall, the initiative is aimed at strengthening Servotech’s manufacturing base, supporting import substitution in clean energy hardware, and aligning with rising domestic and export demand, while also expected to generate around 500 jobs.