Saatvik Green Energy Subsidiary Bags ₹190 Crore Solar Module Order
By ThePip Desk
Saatvik Solar Industries, a subsidiary of Saatvik Green Energy, secures a major ₹190 crore order for Solar PV Modules, bolstering its renewable energy project pipeline. Delivery by March 2027.
Saatvik Green Energy’s material subsidiary, Saatvik Solar Industries, has secured a significant new order valued at Rs 190 crore. This substantial contract mandates the supply of Solar PV Modules to a renowned Independent Power Producer/EPC Player, bolstering the subsidiary’s project pipeline.
Order Details
- Order Value: Rs 190 crore
- Contracting Entity: Saatvik Solar Industries
- Product Supplied: Solar PV Modules
- Execution Deadline: March 2027
The agreement specifies that the complete order for these crucial renewable energy components will be executed by March 2027, marking a significant project for the subsidiary. This timeline underscores the long-term nature of the supply commitment for renewable infrastructure.
Prior Engagements
This latest order builds upon previous successes for Saatvik Solar Industries, which had earlier received and accepted a contract aggregating to Rs 132 crore. That prior engagement was also secured from a prominent Independent Power Producer/EPC Player, demonstrating recurring client trust.
Company Overview
Saatvik Green Energy and its various subsidiaries are fundamentally involved in the manufacturing of Solar Photovoltaic Modules. Beyond production, the group actively provides comprehensive Engineering, Procurement, and Construction (EPC) services, supporting end-to-end solar project development.
Strategic Impact
These consecutive significant orders highlight Saatvik Green Energy’s established position and operational capacity within the solar energy sector. The consistent acquisition of large-scale supply contracts affirms the company’s strategic importance in the renewable energy supply chain.