Saatvik Green Energy Subsidiary Secures INR 14 Crore Order for Solar PV Modules
Saatvik Green Energy Limited announced that its subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order totaling INR 14 Crores from a renowned domestic Independent Power Producer/EPC player. The order is for the supply of Solar PV Modules.The order, awarded by a domestic entity, is considered commercial in nature and is expected to be executed by March 2026.
According to details released, the order aggregates to INR 14 Crores and no promoter, promoter group, or group company has any interest in the entity that awarded the order. The transaction does not fall under related party transactions.
Below is a summary of the key details related to the order:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s) | Renowned Independent Power producers/EPC Players |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded, in brief | Supply of Solar PV Modules |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| 4 | Nature of order(s)/contract(s) | Commercial |
| 5 | Time period if any, associated with the order(s)/contract(s) | March 2026 |
| 6 | Broad commercial consideration or size of the order(s)/contract(s) | INR 14 Crores |
| 7 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof. | No |
| 8 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | No |
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