Saatvik Green Energy Secures INR 9.63 Crore Solar Module Order
Filing Summary
Saatvik Green Energy Limited, through its subsidiary Saatvik Solar Industries Private Limited, has received an order valued at INR 9.63 crores. The order involves the supply of solar photovoltaic modules to a domestic Independent Power Producer/EPC Player. The contract is commercial in nature and is scheduled for completion by February 2026. There is no interest from the promoter group in the awarding entity, and the transaction does not qualify as a related party transaction. This development aligns with Saatvik’s focus on expanding its solar energy solutions.
Saatvik Green Energy Limited, through its material subsidiary Saatvik Solar Industries Private Limited, has received an order totaling INR 9.63 crores. The order is for the supply of solar photovoltaic modules to a domestic Independent Power Producer/EPC Player. The transaction is classified as commercial and is expected to be completed by February 2026.
The order was awarded by a domestic entity, and the terms involve the supply of solar PV modules. There are no significant terms or conditions disclosed beyond the supply of these modules. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.
The order will be executed by February 2026, as per the timeline provided in the filing. The company has confirmed that the transaction does not fall under related party transactions, ensuring compliance with regulatory standards.
The awarding entity is a renowned Independent Power Producer/EPC Player, focusing on the development and management of power projects. This entity is involved in the procurement of solar modules to enhance its energy production capabilities.
Saatvik Green Energy Limited is a company engaged in the provision of solar energy solutions. It focuses on expanding its portfolio in the renewable energy sector through its subsidiaries. The company is committed to delivering sustainable energy solutions and enhancing its market presence in the solar industry.