Indian Firms Secure Major Orders in Solar, Industrial, FMCG Sectors
By ThePip Desk
Waaree Energies, Saatvik Green Energy, and others land significant orders in India’s solar, industrial, and FMCG markets, indicating strong economic activity and growth.
Major Indian companies have recently secured significant orders across the solar, industrial, and fast-moving consumer goods (FMCG) sectors. Waaree Energies, Saatvik Green Energy, INDO SMC, and Veerhealth Care announced new contracts, highlighting robust demand.
Solar Sector Gains Momentum
The renewable energy sector saw substantial new business. Waaree Energies’ wholly-owned subsidiary, Waaree Solar Americas, secured a large supply order for high-efficiency solar modules.
- Waaree Energies: Order for 125 MW of HJT solar modules.
- Customer: Renowned owner/manager of utility-scale renewable power projects.
- Completion: Financial Year 2026-27.
Separately, Saatvik Green Energy’s material subsidiary, Saatvik Solar Industries, also confirmed a significant contract for Solar PV Modules from a prominent industry player.
- Saatvik Green Energy: Order valued at Rs 138 crore.
- Customer: Renowned Independent Power producer/EPC Player.
- Execution: By December 2026.
Diversified Contract Wins
Beyond renewables, the industrial and consumer goods segments also registered notable order acquisitions. INDO SMC received a substantial purchase order for its specialized VFD Panels.
- INDO SMC: Purchase order worth Rs 66.60 crore.
- Product: VFD (Variable Frequency Drive) Panels.
- Customer: Prominent Indian engineering company.
- Supply Deadline: Before July 31, 2026.
Veerhealth Care secured a contract manufacturing order within the FMCG space, alongside an earlier significant contract in healthcare. These wins underscore the company’s manufacturing and marketing capabilities.
- Veerhealth Care (Current): Contract manufacturing order worth Rs 76.40 lakh.
- Product: Skincare products for a leading FMCG company.
- Execution: Within 45 days.
- Veerhealth Care (Earlier): Order valued at Rs 1.11 crore.
- Customer: One of India’s large networks of pharmacies and healthcare companies.
These diverse contract awards across key sectors signal sustained business activity and robust order books for these Indian enterprises.