From trust to triumph: Saatvik Solar bags ₹219 crore worth of EPC commitments

Updated: October 07, 2025 23:18

Image Source: Mint

Saatvik Green Energy’s material subsidiary, Saatvik Solar Industries, has bagged repeat domestic orders worth ₹219.62 crore from three leading independent power producers/EPCs for supply of solar PV modules. The contracts will be executed in FY26, reinforcing the company’s strong presence in India’s renewable energy manufacturing sector.

Saatvik Green Energy Ltd announced a major business win, with its material subsidiary, Saatvik Solar Industries Private Limited, receiving and accepting orders totaling ₹219.62 crore from three reputed Indian independent power producers/EPC firms. These repeat contracts involve the supply of solar photovoltaic (PV) modules and will be fulfilled during the financial year 2025-26.

According to the company, the orders represent continued trust from leading industry players and highlight its consistent quality in manufacturing renewable energy components. The contracts are purely domestic and contain no related-party transactions, ensuring competitive and transparent business dealings.

This sizeable order strengthens Saatvik Solar Industries’ order book for FY26 and positions the company to contribute meaningfully to India’s renewable energy push, particularly in large-scale projects driven by well-established EPC companies. Repeat contracts of such magnitude reflect the enduring client relationships that are crucial in a competitive market dominated by both domestic and foreign suppliers.

Industry experts note that the rising demand for solar PV modules in India is driven by government initiatives, aggressive renewable energy targets, and cost competitiveness of locally manufactured modules. The healthy order pipeline could also provide more operational stability and long-term revenue visibility for Saatvik Green Energy.

Key highlights :

Material subsidiary Saatvik Solar Industries wins repeat domestic orders worth ₹219.62 crore
Contracts secured from three leading independent power producers/EPCs
Orders involve supply of solar PV modules for FY26 execution
No related-party transactions; deals conducted at arm’s length
Strengthens order pipeline amid rising renewable energy demand in India

If executed seamlessly, these orders could contribute significantly to Saatvik’s market leadership in India’s solar manufacturing sector and enhance investor confidence in its growth trajectory.

Source: Company filing to BSE, Saatvik Green Energy Ltd

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