Archive · 23 Dec 2025
Solar Energy Firms Secure Major Orders
Two companies, Saatvik Solar Industries and Vikran Engineering, have won big orders for solar energy projects.
Saatvik Solar got an order worth ₹486 crore to supply solar panels.
They have to finish this by December 2026.
Vikran Engineering won an even bigger order worth ₹2,035.26 crore to build a large solar power plant in Maharashtra.
They have to complete this in 12 months.
Both companies make solar energy products and help build solar power plants.
Their stock prices went down a little today.
Saatvik Solar Industries won a ₹486-crore order for solar PV modules.
Vikran Engineering secured a ₹2,035.26-crore order for a 600 MW solar project in Maharashtra.
Saatvik's order is from a domestic independent power producer/EPC player to be executed by December 2026.
Vikran's order involves turnkey EPC works to be completed in 12 months.
Both companies' stock prices declined ahead of the announcements.
- Who
- Saatvik Solar Industries Private Ltd and Vikran Engineering Limited
- What
- Secured major orders for solar projects
- When
- Saatvik's order to be executed by December 2026, Vikran's order to be completed in 12 months
- Where
- Saatvik's order is domestic in India, Vikran's project is across multiple locations in Maharashtra
- Why
- Supply of solar PV modules and turnkey EPC works for solar power projects
- Company 1
- Saatvik Green Energy Ltd
- Subsidiary 1
- Saatvik Solar Industries Private Ltd
- Order Value 1
- ₹486 crore
- Order Type 1
- Solar PV modules supply
- Execution Period 1
- By December 2026
- Company Capacity 1
- 3.80 GW modules
- Stock Price 1
- ₹396 (down 0.90%)
- Company 2
- Vikran Engineering Limited
- Order Value 2
- ₹2,035.26 crore (excluding GST)
- Order Type 2
- Turnkey EPC works for 600 MW solar project
- Execution Period 2
- 12 months
- Stock Price 2
- ₹86.65 (down 3.42%)
