Saatvik Green Energy Secures INR 486 Crore Solar Module Order
Filing Summary
Saatvik Green Energy Limited announced that its subsidiary, Saatvik Solar Industries Private Limited, has received an order worth INR 486 Crores for the supply of solar photovoltaic modules. The order was placed by a renowned domestic Independent Power Producer/EPC Player. The contract is commercial in nature and is expected to be executed by December 2026. There is no interest from the promoter group in the entity awarding the contract, and it does not constitute a related party transaction.
Saatvik Green Energy Limited has disclosed that its material subsidiary, Saatvik Solar Industries Private Limited, has secured an order valued at INR 486 Crores. The order involves the supply of solar photovoltaic modules to a well-known domestic Independent Power Producer/EPC Player. This development was communicated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is commercial in nature and is scheduled for completion by December 2026. The transaction does not involve any interest from the promoter or promoter group in the entity awarding the contract. Additionally, it does not fall within the scope of related party transactions.
The details of the order, as required under the SEBI Listing Regulations and relevant SEBI Circulars, have been provided in the company’s filing. The company has made this information available on its official website for public access.
Saatvik Green Energy Limited is a company focused on the development and supply of renewable energy solutions, particularly in the solar energy sector. The company aims to expand its footprint in the renewable energy market through strategic partnerships and contracts.