Saatvik Green Energy Limited’s subsidiary, Saatvik Solar Industries Private Limited, has secured a significant order valued at ₹638.26 crore. The order comes from a renowned solar modules manufacturer for the supply of Solar Cell G12 R Type.
The contract, which is domestic in nature, is set to be executed by March 2027. This substantial order underscores Saatvik Green Energy‘s growing presence in the solar energy sector, particularly in the commercial supply of advanced solar cells.
The company has confirmed that neither the promoter group nor any group companies have any interest in the entity awarding the contract, ensuring that the transaction does not fall under related party transactions.
This development is a testament to Saatvik Green Energy’s capabilities and its commitment to expanding its footprint in the renewable energy market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Markets Desk before publication.