Saatvik Green Energy's Subsidiary Wins INR 400.16 Crore Order for Solar PV Modules
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has secured a significant order valued at INR 400.16 Crores. The contract is for the supply of solar photovoltaic (PV) modules to a renowned Independent Power producer and EPC Player.The agreement confirms that Saatvik Solar Industries will fulfill the order in its capacity as a supplier of specialized PV components. The awarded order represents a commercial commitment for the manufacturing and supply of solar panels, aligning with the growing demand within the renewable energy sector.
The transaction has been confirmed to be domestic in nature and does not constitute a related party transaction.
Key details regarding the newly secured contract are presented below:
| Particulars | Details |
|---|---|
| Client Type | Renowned Independent Power producer/EPC Player (Domestic) |
| Contract Scope | Supply of Solar PV Modules |
| Order Value | INR 400.16 Crores |
| Execution Timeline | The order is scheduled to be executed by March 2027. |
The contract highlights the operational capabilities and market standing of Saatvik Green Energy Limited's subsidiary within the power generation ecosystem.
SAATVIKGL Stock Price Movement
On Tuesday, shares of Saatvik Green Energy Limited edged higher in the market, gaining 1.98% to settle at ₹426.70.The stock saw considerable activity during the session, with 39,519 shares traded as the company closed out its trading day.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.
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