Saatvik Green Energy's Subsidiary Secures INR 108.75 Crores Order for Solar PV Modules
Saatvik Green Energy Ltd's material subsidiary, Saatvik Solar Industries Private Limited, has secured a significant order for the supply of Solar PV Modules. The contract is with a renowned Independent Power producers/EPC Players and aggregates to INR 108.75 Crores.The order details confirm that the modules are for the supply of Solar PV Modules and the contract nature is commercial. Furthermore, the order has been received from a domestic entity.
The expected execution timeline for this order is set by September 2026.
A review of the key details related to the order award is summarized below:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Received orders from renowned Independent Power producers/EPC Players |
| Significant terms and conditions of order(s)/contract(s) awarded, in brief | Supply of Solar PV Modules |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic |
| Nature of order(s)/contract(s) | Commercial |
| Time period if any, associated with the order(s)/contract(s) | The Order will be executed by September 2026. |
| Broad commercial consideration or size of the order(s)/contract(s) | Orders aggregating to INR 108.75 Crores have been received and accepted for the supply of solar photovoltaic modules by Saatvik Solar Industries Private Limited, material subsidiary of the Company. |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? | No |
| Whether the order(s)/contract(s) would fall within related party transactions? | No |
Manik Garg, Managing Director of Saatvik Green Energy Limited, confirmed the receipt of the order.
SAATVIKGL Stock Price Movement
Today, Saatvik Green Energy Limited shares edged higher to close at ₹420.45, marking a 0.65% gain. The stock traded today on a total volume of 82,376 shares.Source:
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