Saatvik Subsidiary Wins ₹299.40 Crore Solar Module Orders

Saatvik Green Energy, an integrated solar-energy solutions company, on Friday, said that its material subsidiary, Saatvik Solar Industries, has received and accepted new orders aggregating to Rs 299.40 crore for the supply of solar photovoltaic (PV) modules. 

The orders have been placed by three Independent Power Producers (IPPs) and EPC (engineering, procurement, and construction) players in India, further strengthening Saatvik’s visibility in the fast-growing domestic solar market. 

The company said that it has received repeat orders for the supply of solar PV modules and will be executed between December 2025 and March 2026, aligning with the project timelines of the respective developers. All orders are from domestic counterparties, reflecting continued confidence in Saatvik’s manufacturing capabilities, product reliability, and on-time delivery track record. 

Prashant Mathur, Chief Executive Officer, Saatvik Green Energy Limited, said: “These fresh repeat orders worth nearly ₹300 Crore from leading IPPs and EPCs are a strong vote of confidence in Saatvik’s quality, scale, and execution reliability. They come on the back of a robust first half of FY26, where we have significantly strengthened our manufacturing base and broadened our product portfolio. As India accelerates its renewable energy deployment, bankable partners with dependable supply chains become critical. Saatvik and its material subsidiary are firmly positioned in that space, combining high-efficiency modules, expanding capacities, and disciplined delivery to support our customers’ ambitious project timelines across the country.” 

This win further augments Saatvik’s growing order book and complements its strategic investments in multi-location manufacturing, including its 4.8 GW module facility at Ambala, Haryana, and the upcoming integrated 4 GW module + 4.8 GW solar cell greenfield facility in Odisha, which is being developed to support India’s long-term solar ambitions.