Major Order Wins: Saatvik Green Energy, Diamond Power Infrastructure and BEML Secure ₹780 Crore+ Contracts
Three Indian companies across renewable energy, power infrastructure and aerospace & defence announced major order wins on August 11, 2026, with a combined basic value of approximately ₹779.89 crore.
The contracts were secured by Saatvik Green Energy, Diamond Power Infrastructure (DICABS), and BEML, highlighting continued investment in solar energy, electricity distribution infrastructure and indigenous aerospace manufacturing.
Major Order Wins at a Glance
| Company | Customer / Awarding Entity | Order Value | Major Project | Execution |
|---|---|---|---|---|
| Saatvik Green Energy | Leading IPP / EPC Player | ₹400.16 crore | Solar PV Modules | By March 2027 |
| Diamond Power Infrastructure | Rajesh Power Services / PGVCL | ₹195.48 crore* | 11 kV Underground Cables | 12 months |
| BEML | Hindustan Aeronautics Limited | ₹184.25 crore | LCH Fuselage Aerostructures | As per contract |
| Total | — | ₹779.89 crore | — | — |
*Diamond Power’s order value is ₹195.48 crore excluding GST and approximately ₹230.67 crore including GST.
Saatvik Green Energy Bags ₹400.16 Crore Solar Module Order
Saatvik Green Energy Limited emerged as the biggest order winner among the three companies.
The company’s material subsidiary, Saatvik Solar Industries Private Limited, received and accepted a commercial purchase order worth ₹400.16 crore from a leading Independent Power Producer (IPP)/EPC player.
Scope of the Order
The contract involves the supply of solar photovoltaic (PV) modules for renewable-energy projects.
The order is scheduled to be executed by March 2027, providing the company with near-term revenue visibility.
Why the Order Matters
The Indian solar industry continues to witness strong demand as developers expand utility-scale renewable-energy capacity.
For Saatvik Green Energy, the latest contract strengthens its order pipeline and demonstrates demand for domestically manufactured solar PV modules.
The company’s ability to execute the order on schedule, maintain module realisations and secure additional contracts will remain important factors for investors.
Key Points
- Order value: ₹400.16 crore
- Customer: Leading IPP/EPC player
- Product: Solar PV modules
- Execution: By March 2027
- Sector: Renewable Energy
Diamond Power Infrastructure Secures ₹195.48 Crore Orders
Diamond Power Infrastructure Limited (DICABS) secured two contracts with a combined basic value of ₹195.48 crore from Rajesh Power Services Limited.
The projects are associated with Paschim Gujarat Vij Company Limited (PGVCL).
Including GST, the contracts are valued at approximately ₹230.67 crore.
1,370 km of 11 kV Underground Cables
The orders involve the manufacture and supply of approximately 1,370 km of 11 kV Medium Voltage Aluminium XLPE Armoured power cables.
The contracts cover two major initiatives.
Disaster Management / SDMF Scheme
The first order is worth approximately ₹98.21 crore and involves around 645 km of cables.
The project focuses on converting overhead electricity networks into underground systems in vulnerable coastal areas.
System Improvement – Urban Underground Programme
The second contract is valued at approximately ₹97.27 crore and involves around 725 km of cables.
The project aims to underground power networks in urban areas, improving the reliability and safety of electricity distribution infrastructure.
Why Diamond Power’s Order Is Important
Underground power infrastructure can reduce the vulnerability of electricity networks to severe weather events and improve the reliability of power distribution.
For DICABS, the contracts provide additional manufacturing and execution visibility for the next 12 months.
Key Points
- Basic order value: ₹195.48 crore
- Value including GST: ₹230.67 crore
- Customer: Rajesh Power Services Limited
- End utility: PGVCL
- Cable quantity: Approximately 1,370 km
- Execution: 12 months
- Product: 11 kV MV Aluminium XLPE Armoured cables
BEML Wins ₹184.25 Crore HAL Aerospace Order
Defence and aerospace manufacturer BEML Limited has secured a contract worth ₹184.25 crore from Hindustan Aeronautics Limited (HAL).
The order covers the manufacture and supply of Light Combat Helicopter (LCH) fuselage aerostructures.
Expanding Role in Aerospace Manufacturing
The fuselage is a critical structural component of a helicopter, and the order highlights BEML’s capabilities in precision engineering and aerospace manufacturing.
The contract also fits into India’s broader push towards greater domestic defence production and localisation of critical components.
For BEML, the order strengthens its presence in the aerospace and defence supply chain while complementing its established businesses in heavy engineering and rail equipment.
Key Points
- Order value: ₹184.25 crore
- Customer: Hindustan Aeronautics Limited
- Product: LCH fuselage aerostructures
- Sector: Aerospace & Defence
- Nature: Manufacture and supply