Saatvik Green Energy announced that its material subsidiary, Saatvik Solar Industries, has received and accepted new orders totalling ₹299.40 crore for the supply of solar photovoltaic (PV) modules. The orders come from three reputed Independent Power Producers (IPPs) and EPC players in India, reinforcing Saatvik’s presence in the rapidly expanding domestic solar market.
CEO Highlights Confidence and Growth
Prashant Mathur, CEO of Saatvik Green Energy, remarked that the repeat orders are valued at nearly ₹300 crore from leading IPPs and EPCs. He said these orders reflect strong confidence in Saatvik’s quality, scale, and execution reliability. They follow a robust first half of FY26, during which we strengthened our manufacturing base and expanded our product portfolio.”
Supporting India’s Renewable Energy Ambitions
As India accelerates its renewable energy deployment, dependable supply chains and bankable partners are essential. Saatvik and its subsidiary strategically position themselves to meet this need and deliver high-efficiency modules. They also continue to expand capacities and ensure disciplined, on-time execution to support ambitious project timelines across the country.
Order Execution Timeline and Domestic Focus
The newly secured orders are repeat contracts for solar PV module supply. They will be executed between December 2025 and March 2026, in alignment with the project schedules of the respective developers. All orders are from domestic clients, underscoring continued confidence in Saatvik’s manufacturing capabilities, product reliability, and on-time delivery track record.
Strengthening Manufacturing and Long-Term Growth
The order further enhances Saatvik’s growing order book and complements its strategic investments in multi-location manufacturing. As reported by thehindubusinessline.com, key facilities include the 4.8 GW module plant at Ambala, Haryana. The company is also developing an integrated 4 GW module and 4.8 GW solar cell greenfield facility in Odisha to support India’s long-term solar energy goals.
