Saatvik Solar Industries Pvt. Ltd., material subsidiary of Saatvik Green Energy Limited, secures orders worth Rs 177.50 crores for supply of Solar PV Modules – EQ
Mumbai – Saatvik Green Energy Limited, one of India’s leading integrated solar-energy solutions providers, announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted new orders aggregating to Rs 177.50 crores for the supply of high-efficiency solar photovoltaic (PV) modules.
These orders have been awarded by reputed Independent Power Producers (IPPs) and EPC developers across India, reinforcing Saatvik’s position as a trusted and preferred module supplier in the country’s rapidly growing renewable energy landscape. The contracted supplies will be executed as per agreed timelines in alignment with project schedules across multiple states.
Commenting on the development, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “This order further underscores the strong confidence that IPPs and EPC players place in Saatvik’s quality, reliability, and delivery capabilities. The addition to our order book of ₹177.50-crore strengthens our visibility for the coming quarters and reflects the expanding market traction for our high-efficiency modules. With a disciplined execution framework and an evolving manufacturing footprint, we remain committed to supporting India’s ambitious renewable energy targets while creating sustained value for our stakeholders.”
Saatvik continues to witness strong demand across the utility, commercial, and industrial segments, supported by its advanced manufacturing capabilities, robust quality processes, and customer-centric approach.
About Saatvik Green Energy Limited
Saatvik Green Energy Limited is an integrated solar-energy solutions provider engaged in the manufacturing of high-efficiency PV modules and EPC services for utility-scale, commercial, and industrial projects. As of June 30, 2025, the company operates a module capacity of ~3.8 GW with an additional 1 GW under expansion at Ambala, Haryana. The company is also developing a greenfield facility in Odisha with 4 GW module and 4.8 GW solar cell manufacturing capacity.
