Saatvik Green Energy Secures INR 109 Crore Solar Module Order
Filing Summary
Saatvik Green Energy Limited announced that its subsidiary, Saatvik Solar Industries Private Limited, has received an order valued at approximately **INR 109 Crores**. The order is for the supply of solar photovoltaic modules to a domestic independent power producer or EPC player. The contract is commercial in nature and is set to be executed by September 2026. This transaction does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity.
Saatvik Green Energy Limited has disclosed that its material subsidiary, Saatvik Solar Industries Private Limited, has secured an order worth approximately INR 109 Crores. The order involves the supply of solar photovoltaic modules to a domestic independent power producer or EPC player. The transaction is commercial and is expected to be completed by September 2026.
The order was awarded by a domestic entity, and it does not involve any related party transactions. Additionally, the promoter or promoter group of Saatvik Green Energy Limited does not have any interest in the entity that awarded the order. The terms of the contract are focused on the supply of solar PV modules, with no additional conditions specified in the filing.
The order is part of the company’s ongoing business operations and aligns with its focus on expanding its presence in the solar energy sector. The filing did not specify the name of the entity awarding the contract, but it is identified as a renowned player in the independent power production or EPC sector.
Saatvik Solar Industries Private Limited is a subsidiary of Saatvik Green Energy Limited, which operates in the renewable energy sector. The company specializes in the production and supply of solar photovoltaic modules and aims to enhance its market position through strategic contracts and partnerships.
Saatvik Green Energy Limited is part of the Saatvik Group and focuses on renewable energy solutions. The company is committed to expanding its footprint in the solar energy market through strategic initiatives and collaborations. It aims to leverage its expertise in solar technology to meet the growing demand for sustainable energy solutions.