Saatvik Green Energy Secures INR 44 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 INR 44 Crores. The order is for 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 March 2026. There is no involvement of related party transactions in this order. The information was disclosed under Regulation 30 of the SEBI Listing Regulations and is available on the company’s website.
Saatvik Green Energy Limited, through its material subsidiary Saatvik Solar Industries Private Limited, has received an order amounting to INR 44 Crores. The order is for the supply of solar photovoltaic modules to a domestic Independent Power Producer/EPC Player. The order is commercial in nature and is expected to be executed by March 2026.
The order was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that there is no involvement of related party transactions in this order. The details of the order are available in Annexure A of the filing submitted to the BSE and NSE.
The order does not involve any interest from the promoter or promoter group in the entity awarding the contract. The transaction is conducted at arm’s length, ensuring compliance with regulatory requirements. The company has made this information available on its official website for public access.
Saatvik Solar Industries Private Limited, a subsidiary of Saatvik Green Energy, focuses on the production and supply of solar photovoltaic modules. The company engages in commercial contracts with various power producers and EPC players, contributing to the renewable energy sector.
Saatvik Green Energy Limited is part of the Saatvik Group and specializes in renewable energy solutions. The company is involved in the development and supply of solar energy products and services. It aims to expand its footprint in the renewable energy market through strategic partnerships and contracts.