Saatvik Green Energy Secures ₹132 Crore Solar PV Module Order
Saatvik Green Energy Limited (NSE: SAATVIKGL | BSE: 544526) has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a ₹132 crore commercial order from a renowned Independent Power Producer (IPP)/EPC player.
The order is for the supply of Solar PV Modules and is scheduled to be executed by January 2027.
Saatvik Green Energy Bags ₹132 Crore Order
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy, has received and accepted an order aggregating to ₹132 crore.
The order has been awarded by a renowned Independent Power Producer/EPC Player and relates to the supply of solar photovoltaic modules.
The company disclosed the order on August 13, 2026, under Regulation 30 of the SEBI Listing Regulations.
Order for Supply of Solar PV Modules
The contract covers the supply of Solar PV Modules.
Saatvik has classified the contract as a commercial order from a domestic customer.
The order is scheduled to be executed by January 2027, providing the company’s material subsidiary with additional near-term business visibility.
Domestic Order from IPP/EPC Player
The customer has been identified in the regulatory disclosure as a renowned Independent Power Producer/EPC Player.
Saatvik has not disclosed the name of the customer in its filing.
The order is classified as a domestic contract, with a total value of ₹132 crore.
Execution Expected by January 2027
According to Saatvik Green Energy, the ₹132 crore order will be executed by January 2027.
The defined execution timeline provides visibility for the company’s solar PV module supply business over the coming months.
The actual impact on revenue and profitability will depend on the execution of the order and the applicable commercial terms.
No Promoter Interest in Customer
Saatvik Green Energy has confirmed that its promoter, promoter group and group companies have no interest in the entity awarding the order.
The company has also stated that the contract does not fall under related party transactions.
Therefore, the order has been secured from an external domestic customer and is not a transaction involving a promoter-group entity.
Key Highlights of the Order
- Company: Saatvik Green Energy Limited
- Executing entity: Saatvik Solar Industries Private Limited
- Customer: Renowned Independent Power Producer/EPC Player
- Order value: ₹132 crore
- Nature: Commercial order
- Scope: Supply of Solar PV Modules
- Order type: Domestic
- Execution deadline: January 2027
- Promoter/group interest: No
- Related party transaction: No
Read Also: Saatvik Green Energy Secures ₹476 Crore Solar PV Module Order from Vikran Engineering
The ₹132 crore order strengthens the order pipeline of Saatvik Solar Industries and adds further visibility to its solar module supply business.
The latest contract also comes as the company continues to participate in India’s expanding renewable energy ecosystem, where solar photovoltaic modules remain an essential component of new solar power projects.
For investors, important factors to monitor include order execution, future order inflows, module manufacturing capacity, capacity utilisation and the conversion of the order pipeline into revenue.
Saatvik Green Energy has secured a ₹132 crore Solar PV Module supply order through its material subsidiary Saatvik Solar Industries Private Limited.
The order has been received from a renowned domestic Independent Power Producer/EPC Player and is scheduled to be executed by January 2027.
The company has confirmed that there is no promoter or promoter-group interest in the customer and the order is not a related party transaction.
The latest order adds to Saatvik’s solar module business pipeline and provides additional execution visibility as India’s renewable energy sector continues to expand.
Source: Saatvik Green Energy Limited regulatory disclosure dated August 13, 2026. This article is based on the information provided in the company’s filing and is for informational purposes only, not investment advice.