Saatvik Green Energy Limited has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured a solar photovoltaic (PV) module supply order valued at ₹13.80 crore from a leading Independent Power Producer (IPP) / EPC player.
The order is scheduled to be executed by February 2026 and further strengthens Saatvik’s position in India’s fast-growing solar manufacturing ecosystem. The latest contract underscores the increasing confidence of major IPPs and EPC players in the company’s product quality, manufacturing scale, and delivery reliability, at a time when India is rapidly expanding its renewable energy capacity.
Reinforcing Presence in India’s Solar Manufacturing Market
India’s solar sector is witnessing accelerated growth driven by large-scale capacity additions, policy support, and rising demand for domestically manufactured components. Against this backdrop, the order secured by Saatvik Solar Industries reinforces the company’s standing as a trusted domestic supplier of high-performance solar PV modules.
The order also aligns with India’s broader objective of strengthening local manufacturing under the ‘Make in India’ initiative, reducing reliance on imports while building resilient supply chains for the renewable energy sector.
With execution timelines extending into early 2026, the project is expected to contribute positively to Saatvik Green Energy’s revenue visibility while supporting the deployment of clean energy assets across the country.
Leadership Commentary
Commenting on the development, Prashant Mathur, CEO of Saatvik Green Energy Limited, said:
“We are delighted to secure this significant order worth ₹13.80 crore from a leading Independent Power Producer/EPC player. This win is a testament to the quality, reliability, and technological excellence of our solar PV modules. As India accelerates its renewable energy transition, Saatvik remains committed to delivering world-class solar solutions that power the nation’s clean energy ambitions. This order reinforces the trust our clients place in Saatvik’s innovative products.”
Strong Momentum Across Multiple Business Verticals
The latest order adds to Saatvik Green Energy’s strong momentum over recent months, during which the company has secured multiple large and strategically important contracts across manufacturing, EPC, and solar pumping segments.
Among the notable achievements:
- Subsidiary Saatvik Cleantech EPC Private Limited secured a ₹20.84 crore turnkey solar EPC order, strengthening the group’s execution credentials.
- The company received a substantial ₹486 crore solar module supply order from a reputed IPP/EPC player, reflecting strong demand for its manufacturing output.
- Saatvik also won solar pump orders worth approximately ₹30.24 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM-KUSUM scheme, supporting agricultural solarisation efforts.
These order wins highlight Saatvik’s diversified presence across multiple segments of the solar value chain.
Manufacturing Expansion and Vertical Integration
On the manufacturing front, Saatvik Green Energy has continued to invest in capacity expansion and backward integration. The company recently commissioned a 2 GW in-house EPE film manufacturing facility, a key component used in solar modules.
This move strengthens Saatvik’s vertical integration, improves cost efficiency, and enhances control over critical raw materials, positioning the company competitively amid fluctuating global supply conditions. The facility also reinforces Saatvik’s contribution to India’s domestic manufacturing ecosystem and renewable energy self-reliance.
Outlook for Growth
Industry analysts note that demand for domestically manufactured solar modules is expected to remain strong, driven by government tenders, private sector investments, and increasing focus on supply chain security. Companies with integrated manufacturing capabilities and consistent execution track records are likely to benefit disproportionately from this growth.
With a growing order book, expanding manufacturing infrastructure, and diversified business verticals, Saatvik Green Energy is well-positioned to support India’s renewable energy ambitions while delivering sustainable long-term value.
The ₹13.80 crore order not only adds to near-term execution visibility but also reinforces Saatvik’s reputation as a reliable partner for large-scale solar projects across the country.
