1 week ago
Saatvik Solar Wins ₹190 Crore Domestic PV Module Order
Saatvik Solar received an order to provide solar panels.
The order is worth ₹190 crore.
The buyer is a power-project company, but its name was not shared.
Saatvik is expected to finish the contract by March 2027.
The company did not say how many panels are included or where they will be installed.
Solar panels use sunlight to make electricity.
Saatvik said the buyer is not connected to its owners or related companies.
After the announcement, Saatvik Green Energy shares rose during trading on August 21, 2026.
Saatvik Solar Industries Private Limited, a subsidiary of Saatvik Green Energy, accepted a ₹190 crore order to supply domestic solar photovoltaic modules.
The unnamed customer is described as an independent power producer or engineering, procurement and construction company.
The contract is scheduled for execution by March 2027, but the module quantity, capacity, delivery schedule and project location were not disclosed.
Saatvik Green Energy said the customer has no connection to its promoters, promoter group or group companies, making the deal non-related-party business.
Saatvik informed BSE and the National Stock Exchange on August 20; its shares rose 3.26% intraday on August 21, 2026, despite declines over the past month and year.
- Who
- Saatvik Solar Industries Private Limited, a Saatvik Green Energy subsidiary, received the order from an unnamed independent power producer or EPC company.
- What
- A ₹190 crore contract to supply solar photovoltaic modules.
- Where
- The order is domestic, but the project location was not disclosed.
- When
- The order was disclosed on August 20, and execution is scheduled by March 2027; shares rose on August 21, 2026.
- Why
- The contract adds to Saatvik’s order pipeline amid domestic demand for solar equipment.
Key facts
- Order value
- ₹190 crore
- Supplier
- Saatvik Solar Industries Private Limited
- Parent company
- Saatvik Green Energy
- Customer
- An unnamed domestic independent power producer or EPC company
- Execution deadline
- March 2027
- Related-party status
- The company said the order is not a related-party transaction.
- Market reaction
- Saatvik Green Energy shares rose 3.26% intraday on August 21, 2026; the article also reported declines of 7.8% over one month and 5.96% over one year.
Sources
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