Saatvik Green Energy Limited’s material subsidiary, Saatvik Solar Industries Private Limited, has secured an order worth ₹14 crore for the supply of solar photovoltaic (PV) modules. The order was placed by a renowned Independent Power Producer/EPC player, marking a significant step for the company in the renewable energy sector.
The contract, which is domestic in nature, involves the commercial supply of solar PV modules and is expected to be executed by March 2026. This development underscores Saatvik’s growing presence in the solar energy market, as it continues to expand its portfolio of renewable energy solutions.
The company has clarified that the order does not involve any related party transactions and that neither the promoter group nor group companies have any interest in the entity awarding the contract. This ensures that the transaction is conducted at arm’s length, maintaining transparency and compliance with regulatory standards.
Saatvik Green Energy, which was formerly known as Saatvik Green Energy Private Limited, operates under the Saatvik Group and is headquartered in Gurugram, Haryana. The company has been actively involved in the development and supply of solar energy solutions, contributing to the sustainable energy landscape in India.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.