Saatvik Green Energy Limited’s material subsidiary, Saatvik Solar Industries Private Limited, has secured a significant order valued at ₹57.03 crore. The order, received from a renowned independent power producer/EPC player, pertains to the supply of solar photovoltaic (PV) modules. This development underscores the company’s growing presence in the renewable energy sector.
The contract, classified as a commercial domestic order, is set to be executed by March 2026. The terms of the agreement focus on the supply of solar PV modules, although specific conditions have not been disclosed. This order does not involve any related party transactions, and neither the promoter nor the promoter group has any interest in the entity awarding the contract.
This latest order highlights Saatvik Green Energy‘s commitment to expanding its footprint in the solar energy market, aligning with global trends towards sustainable energy solutions. The company’s ability to secure such a substantial contract reflects its competitive edge and capability in delivering high-quality solar products.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.