Saatvik Green Energy Limited Secures 185 Acres for Expansion
Saatvik Green Energy Limited announced on March 25, 2026, that its material subsidiary, Saatvik Solar Industries Private Limited, has entered into a lease agreement with M P Industrial Development Corporation Limited. The agreement secures 185 acres, approximately 748668 square meters, of land in the Manufacturing Zone for Power and Renewable Energy Equipment.The land, located at Plot No. 5, Industrial Area, Mohasa-Babai, Phase 2, Tehsil Makhan Nagar, District Narmadapuram, will be leased for a period of 99 years. The consideration for the land is INR 11.17 Crores, excluding other applicable charges and duties.
According to the company, this agreement supports future capacity expansion and operational synergies, reinforcing its long-term growth strategy.
Here's a summary of the key details:
| Particulars | Details |
|---|---|
| Parties Involved | M P Industrial Development Corporation Limited (Lessor), Saatvik Solar Industries Private Limited (Lessee) |
| Purpose | To support future capacity expansion and operational synergies |
| Land Area | 185 acres (748668 Sq.mt.) |
| Lease Term | 99 years |
| Consideration | INR 11.17 Crores (excluding other charges) |
| Related Party Status | Not Applicable |
| Conflict of Interest | No |
The company's website, saatvikgroup.com, will also host the information.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.