Subsidiary of Saatvik Green Energy Secures INR 476 Crore Order for Solar PV Modules
Saatvik Green Energy Limited, through its subsidiary Saatvik Solar Industries Private Limited, has secured a significant commercial order aggregating to INR 476 Crores. The contract involves supplying Solar PV Modules to Vikran Engineering Limited.The contract award highlights the growth in orders received by the company's subsidiary. The order is domestic and pertains to the supply of solar photovoltaic modules.
Key details regarding the transaction are as follows:
| Aspect | Detail |
|---|---|
| Order Value | INR 476 Crores |
| Client Entity | Vikran Engineering Limited |
| Product Supplied | Solar PV Modules |
| Contract Type | Domestic Commercial Order |
| Execution Timeline | March 2027 |
Saatvik Green Energy Limited, which oversees Saatvik Solar Industries Private Limited, confirmed the details of this order. The contract specifies that the supply will be executed by March 2027 and noted that there is no interest from any promoter or group company in Vikran Engineering Limited, meaning the transaction does not fall under related party dealings.
SAATVIKGL Stock Price Movement
Saatvik Green Energy Limited is climbing in live trading as of 1:55 PM, with its stock edging higher to ₹445.05 after rallying by 2.23%. The company's equity has seen active participation today, having been traded over 32,998 shares so far in the market.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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