Saatvik Green Energy bags ₹488 crore solar module orders

Renewable energy firm Saatvik Green Energy Ltd on Tuesday announced that it has received and accepted orders worth ₹488 crore from leading Independent Power Producers (IPPs) and EPC companies for the supply

of solar PV modules, to be executed during FY26.

Its material subsidiary, Saatvik Solar Industries Pvt Ltd, has also secured orders worth ₹219.62 crore from three renowned IPPs and EPC partners under the same timeline, further strengthening the group’s overall order pipeline in the clean energy space.

The development comes close on the heels of Saatvik’s Dalal Street debut on September 26, which saw a muted listing. The stock opened at ₹460 on the BSE, a 1.07% discount to its issue price of ₹465, while it listed flat on the NSE. Despite the modest debut, the ₹900 crore IPO was well-received by investors, getting subscribed 6.57 times during its September 19–23 issue period.

The IPO comprised a fresh issue of ₹700 crore and an offer for sale of ₹200 crore. Ahead of the issue, the company raised ₹269.4 crore from anchor investors, including HDFC Mutual Fund, Nippon Life India, Bandhan MF, SBI General Insurance, and 360 ONE.

Shares of Saatvik Green Energy Ltd ended higher on Tuesday, October 7, by 1.12% at ₹459.00 on NSE.

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