Saatvik Green Energy Wins Rs 108 Cr Solar Module Order

Saatvik Green Energy has secured a ₹108.75 crore order to supply solar photovoltaic (PV) modules, strengthening its position in India’s growing renewable energy sector.

The order comes from a domestic independent power producer (IPP), reflecting steady demand for locally manufactured solar components. As India continues to expand its clean energy capacity, such orders highlight the increasing trust in domestic manufacturers. The company is expected to complete the project by September 2026, in line with ongoing large-scale solar developments.

The solar modules will be produced at Saatvik’s manufacturing facility in Ambala, Haryana. With a production capacity of over 4.8 GW, the plant is equipped to handle large orders while maintaining consistent supply across multiple projects. This gives the company an advantage in meeting rising demand without delays in the solar manufacturing ecosystem.

Speaking on the development, CEO Prashant Mathur said the order shows confidence in the company’s product quality and execution strength. He noted that Saatvik aims to continue supporting power producers as India accelerates its shift toward renewable power growth.

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This latest deal adds to the company’s growing order book strength and reinforces its presence in the utility-scale solar segment. In recent months, Saatvik has secured several contracts, indicating a strong pipeline and steady business growth.

The announcement also had a positive impact on market sentiment. The company’s shares saw an uptick, reflecting investor confidence and optimism about future growth driven by consistent solar project demand.

Founded in 2015, Saatvik Green Energy focuses on manufacturing solar PV modules and offering EPC services. Over the years, it has built a solid reputation in the industry and continues to expand its footprint in the Indian solar industry.

Overall, this order highlights the strong momentum in India’s solar sector and the important role domestic manufacturers are playing in achieving the country’s clean energy goals.