Saatvik Green Energy Subsidiary Secures INR 638.26 Crore Order
Mumbai, March 27, 2026 – Saatvik Green Energy Ltd. announced today that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order worth INR 638.26 Crores from a renowned Solar Modules Manufacturer. The order is for the supply of Solar Cell G12 R Type.This significant commercial contract demonstrates the growing demand for Saatvik Solar Industries' products within the domestic solar module manufacturing sector. The order is expected to be executed by March 2027.
Here’s a summary of the key details of the order:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s) | Renowned Solar Modules Manufacturer. |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded, in brief | Supply of Solar Cell G12 R |
| 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 2027. |
| 6 | Broad commercial consideration or size of the order(s)/contract(s) | INR 638.26 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 |
Manik Garg, Managing Director of Saatvik Green Energy Limited, stated that the order reinforces the company’s position within the solar energy value chain.
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