Saatvik Green Energy Limited has announced a significant development in its solar energy business. The company’s material subsidiary, Saatvik Solar Industries Private Limited, has secured orders worth INR 299.40 crores for the supply of solar photovoltaic (PV) modules. This development marks a substantial boost for the company’s position in the renewable energy sector.
Order Details
The orders, which are domestic in nature, have been received from three renowned Independent Power producers and EPC (Engineering, Procurement, and Construction) players. Here are the key details of the orders:
| Aspect | Details |
|---|---|
| Order Value | INR 299.40 crores |
| Nature of Orders | Supply of Solar PV Modules |
| Order Source | Three Independent Power producers/EPC Players |
| Execution Period | December 2025 to March 2026 |
| Order Type | Repeated |
Company Disclosure
In compliance with regulatory requirements, Saatvik Green Energy Limited has made several important disclosures regarding these orders:
- The orders are purely domestic in nature.
- The company has confirmed that its promoters have no interest in the entities awarding the orders.
- These transactions do not fall within the category of related party transactions.
Market Implications
This development is significant for Saatvik Green Energy Limited and the broader solar energy sector in India. The substantial order value of INR 299.40 crores indicates strong demand for solar PV modules in the domestic market. It also reflects positively on the quality and competitiveness of Saatvik Solar Industries Private Limited’s products.
The execution timeline of December 2025 to March 2026 suggests a medium-term boost to the company’s order book, providing visibility for future revenue streams.
Conclusion
The securing of these orders by Saatvik Solar Industries Private Limited demonstrates the growing momentum in India’s renewable energy sector. As the country continues to push for increased adoption of clean energy, companies like Saatvik Green Energy Limited are well-positioned to benefit from this trend.
