Saatvik Green Energy Secures ₹707.62 Crore Repeat Orders for Solar Modules
Saatvik Green Energy, a leading solar module manufacturer, has confirmed repeat orders exceeding ₹700 crore to supply solar PV modules to major players in India’s renewable energy sector. According to a press release, Saatvik Green Energy Ltd. and its subsidiary, Saatvik Solar Industries Pvt. Ltd., have together secured repeat orders worth ₹707.62 crore from top-tier Indian EPC and IPP companies.
The parent company, Saatvik Green Energy Ltd., received contracts worth ₹488 crore, while the subsidiary, Saatvik Solar Industries, secured additional orders totaling ₹219.62 crore. All deliveries are scheduled for FY 2025–26 and come from clients who have previously partnered with Saatvik, reflecting long-standing trust in the brand. Following the announcement, Saatvik’s stock surged above its IPO price of ₹465, closing at ₹550 on the NSE.
Driving India’s Solar Ambitions
Prashant Mathur, CEO of Saatvik Green Energy Ltd., said, “These wins are a strong vote of confidence in Indian manufacturing. At Saatvik, we are committed to a clean energy future by providing reliable, high-quality solar solutions. These orders reinforce our partnerships with premier EPCs and IPPs who trust our technology, scale, and dependability.”
Earlier this year, Saatvik Solar Industries Pvt. Ltd. (SSIPL) hosted a ceremony on June 5 to support its upcoming 4 GW solar PV module manufacturing facility. The plant is being developed on 57 acres of land sub-leased from Tata Steel Special Economic Zone Ltd. (TSSEZL) along National Highway 16 in Ganjam, Odisha. This project is part of a broader series of solar initiatives in the state, covering everything from modules to ingots. Key factors contributing to this expansion include reliable power availability and access to ports and infrastructure in Odisha.
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