Saatvik Green Energy Limited has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted orders aggregating to ₹9.63 crore for the supply of solar photovoltaic (PV) modules from a reputed Independent Power Producer (IPP) and EPC player. The order is scheduled to be executed by February 2026.
“The latest order speaks to the increasing market demand for our manufacturing capabilities and reinforces our position within the top-tier companies in the burgeoning Indian solar manufacturing landscape.” Saatvik said that the order win is a result of the continuation of customer confidence in the quality of the company’s products, technology, and execution abilities.
Strengthening Market Position
As India is rapidly scaling up renewable energy deployment, high-quality, domestically manufactured solar modules are in ever-higher demand. The increasing order inflow for Saatvik demonstrates its capability to meet large IPP and EPC customers’ stringent quality and delivery requirements, thereby reinforcing its position as a trusted supplier in the sector.
Commenting on the development, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said,
“This latest order reaffirms the strong market demand for reliable, high-quality solar modules and the trust that leading power producers and EPC players place in Saatvik’s manufacturing excellence. As India continues to accelerate its renewable energy adoption, we remain committed to delivering efficient, future-ready solar solutions while strengthening domestic manufacturing capabilities under the Make in India initiative.”
Robust Order Pipeline
The recent order is an addition to the robust and diverse order book created by Saatvik Green Energy over the last few months. The company has achieved some key milestones, which mark sustained execution, growing customer relationships, etc.
Recent Key Wins Include:
- ₹10.15 crore solar PV module supply order secured by Saatvik Solar Industries Private Limited from a reputed power EPC player
- ₹13.80 crore solar PV module supply order from a leading IPP/EPC player
- ₹20.84 crore turnkey solar EPC order won by subsidiary Saatvik Cleantech EPC Private Limited
- ₹486 crore solar module supply order from a major IPP/EPC player
- ₹30.24 crore solar pump order from MSEDCL under the PM-KUSUM scheme
Manufacturing Expansion and Make in India Push
As far as the manufacturing aspect is concerned, Saatvik has established its new in-house manufacturing facility of EPE films, which can produce 2 GW of capacity, thus giving the company better control of its supply chain, which is reflected through these recent developments, which further indicates the company’s agenda of increasing local capacity and leadership in the country’s solar manufacturing space under the ‘Make in India’ initiative.
With a growing order pipeline and expanded manufacturing capabilities, Saatvik Green Energy continues to scale its role in supporting India’s clean energy transition.
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