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Servotech Renewable Power System Ltd has acquired a 27% stake in Rhine Solar for ₹12.15 crore. This strategic move strengthens Servotech's solar backwards integration by entering PV module manufacturing. Leveraging Rhine Solar's existing ALMM-approved facility, Servotech plans to boost its manufacturing capacity from 100 MW to 600 MW, enhancing supply chain control and market leadership.
short by / 01:17 pm on 22 Jun
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