Saatvik Green Energy Ltd.SAATVIKGL₹492.00 +6.96%

Saatvik Green Energy Ltd. has secured orders from domestic Independent Power Producers (IPPs) and EPC firms, with total new orders for the supply of Solar PV Modules aggregating to ₹707.62 Crores.

The parent company, Saatvik Green Energy Limited, confirmed it received and accepted a principal order aggregating to ₹488 Crores from renowned Independent Power Producers (IPPs) or EPC firms.

Simultaneously, the material subsidiary, Saatvik Solar Industries Private Limited, announced it received and accepted a subsequent order aggregating to ₹219.62 Crores from three separate renowned IPPs/EPCs.

All of the contracts are categorized as repeated business and are from the domestic market. The company stated that the execution for all these orders is scheduled to be completed during the current fiscal year (FY’26).

About the Company 

Saatvik Green Energy is a prominent Indian manufacturer of high-quality solar PV modules, recognized among the “Top Solar Panel Manufacturers” in the country. The company currently boasts an annual production capacity of 4.8 GW. Saatvik Solar specializes in cutting-edge solar technology, offering a diverse portfolio that includes MonoPERC, Bifacial, and N-TopCon modules for residential, commercial, and utility-scale projects in both domestic and international markets.

The company recently completed its public listing via an IPO, which was a book build issue of ₹900.20 crores (comprising a fresh issue of ₹700.20 crores and an Offer for Sale of ₹200.00 crores) and was successfully subscribed 6.93 times overall.

Note: The stock price mentioned is as of 2:00 pm.

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PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA. CIN: U65990KA2021PTC146954