Saatvik Green Energy arm receives ₹178 crore solar PV module orders from domestic client

Solar panel maker Saatvik Green Energy Ltd on Monday (November 17) said its material subsidiary Saatvik Solar Industries Private Ltd has received and accepted orders worth ₹177.50 crore from one renowned Independent Power producer/EPC player for the supply of solar photovoltaic (PV) modules.

The orders are domestic and classified as repeated in nature. The execution schedule spans November to December 2025. The company stated that the orders relate solely to the supply of solar PV modules, with no additional terms disclosed beyond the scope of the contracted supply.

Also Read: Saatvik Green Energy makes weak D-Street debut, lists at 1% discount

Saatvik confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the orders. The contracts do not fall under related party transactions.

Saatvik Green Energy claims that it is among the leading solar photovoltaic module manufacturers in India with an operational

capacity of about 3.80 gigawatt (GW) modules. Along with solar panels manufacturing, the company also provides engineering, procurement and construction (EPC), and operations and maintenance (O&M) services.

Shares of Saatvik Green Energy Ltd ended at ₹466.30, down by ₹13.90, or 3.07%, on the BSE.

Also Read: Saatvik Green Energy bags ₹488 crore solar module orders