Gurugram : Saatvik Green
Energy Limited today announced that its material subsidiary, Saatvik Solar
Industries Private Limited, has received and accepted an order aggregating to
₹44.10 crores from a renowned Independent Power Producer (IPP)/EPC player for
the supply of solar photovoltaic (PV) modules. The order is scheduled to be
executed by March 2026.
This
significant order win reinforces sustained demand for Saatvik’s high-quality
solar modules and further strengthens the company’s growing footprint among
leading IPP and EPC players in India’s expanding renewable energy sector. The
development underscores continued customer confidence in Saatvik’s advanced
manufacturing capabilities, product reliability, and timely execution track
record.
Commenting
on the development, Mr. Prashant Mathur, CEO,
Saatvik Green Energy Limited, said,
"Securing this ₹44.10 crore order reflects
the strong market trust in our manufacturing excellence and consistent delivery
capabilities. As India accelerates its renewable energy transition, we remain
focused on strengthening domestic solar manufacturing, enhancing operational
efficiencies, and delivering high-performance solar solutions that support the
country’s clean energy ambitions."
This order
adds to Saatvik Green Energy's robust order pipeline and consistent execution
track record in recent months. The company has achieved several significant
milestones, including its material subsidiary Saatvik Solar Industries Private
Limited securing a ₹9.63 Crore Solar Module Order & ₹10.15 crore solar PV module supply order
from a reputed power EPC player, a ₹13.80 crore solar PV module supply order
from a renowned IPP/EPC player, its subsidiary Saatvik Cleantech EPC Private
Limited winning a ₹20.84 crore turnkey solar EPC order, and a substantial ₹486
crore solar module order from a leading IPP/EPC player.
On the
manufacturing front, Saatvik recently commissioned a 2 GW in-house EPE film
manufacturing facility, strengthening vertical integration and advancing its
position as a Make in India leader.