Saatvik Green Energy Unit Bags Rs 1.38 Billion Solar Order

GURUGRAM — Solar photovoltaic module manufacturer Saatvik Green Energy Limited has formally notified Indian stock exchanges that its material operating subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a major commercial order aggregating to Rs 1.38 billion (Rs 138 crore).

According to statutory disclosures submitted under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, the contract was awarded by a renowned domestic Independent Power Producer (IPP) and Engineering, Procurement, and Construction (EPC) player for the supply of high-efficiency solar PV modules.

Order Specifications and Contract Details

The newly awarded contract strengthens Saatvik Green Energy’s revenue pipeline across the domestic utility and commercial solar segments. The supply order represents a pure-play commercial contract with an established domestic clean energy developer.

Key contract parameters disclosed in the regulatory filing include:

• Awarding Entity: A prominent domestic Independent Power Producer / EPC Player.

• Aggregate Order Value: Rs 1.38 billion (Rs 138 crore / INR 1,380 million).

• Scope of Work: Manufacturing and supply of solar Photovoltaic (PV) modules.

• Contract Nature: Commercial supply order executed at arm's length without promoter interest.

Manufacturing Capacity and Strategic Positioning

Gurugram-headquartered Saatvik Green Energy operates an established 4.8 GW solar module manufacturing facility in Ambala, Haryana, and is currently developing an integrated greenfield facility in Odisha with 4 GW of module capacity and 4.8 GW of solar cell manufacturing capacity.

The company supplies high-efficiency Mono PERC and TOPCon solar PV modules across utility-scale, commercial, industrial, and agricultural solar projects throughout India. The contract win reflects accelerated momentum among domestic solar developers choosing locally manufactured solar modules aligned with the Indian government's "Make in India" clean energy mandates.

Governance and Related Party Compliance

In accordance with SEBI disclosure guidelines, Saatvik Green Energy confirmed that neither the promoter nor promoter group entities have any direct interest in the entity that awarded the contract. The order does not fall under related party transactions, ensuring full arm's-length commercial terms.

Official Sources Section

The information presented in this news report is sourced directly from statutory communications, corporate announcements, and regulatory exchange filings submitted to:

• Saatvik Green Energy Limited Regulatory Outcome Filing under Regulation 30 of SEBI LODR Regulations.

• National Stock Exchange of India (NSE) corporate disclosures under symbol SAATVIKGL.

• BSE Limited listing disclosures under scrip code 544526.

Quote Section

According to official regulatory filings submitted by the company to stock exchanges:

"Pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that our material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order aggregating to INR 138 Crores from one renowned Independent Power Producer/EPC Player for the supply of Solar PV Modules."

Why It Matters

• For Solar Energy Sector: Highlights continued demand for Indian-manufactured solar PV modules among domestic IPPs and EPC contractors.

• For Equity Shareholders: Expands Saatvik Green Energy's order backlog and revenue visibility for upcoming financial quarters.

• For Clean Energy Transition: Supports India's ongoing target of installing 500 GW of non-fossil fuel energy capacity by expanding domestic solar module supply chains.

Key Facts at a Glance

• Contract Value: Rs 1.38 billion (Rs 138 crore).

• Executing Subsidiary: Saatvik Solar Industries Private Limited.

• Client Profile: Independent Power Producer (IPP) / EPC Player.

• Product Scope: Supply of Solar PV Modules.

• Regulatory Compliance: Disclosed under Regulation 30 of SEBI LODR Regulations.

Frequently Asked Questions (FAQs)

What order did Saatvik Green Energy's subsidiary secure?

Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, secured a solar module supply contract valued at Rs 1.38 billion (Rs 138 crore).

Who awarded the Rs 1.38 billion order to Saatvik?

The contract was awarded by an established domestic Independent Power Producer (IPP) and EPC player.

What products will be supplied under this contract?

The subsidiary will manufacture and supply high-efficiency solar photovoltaic (PV) modules.

Where are Saatvik Green Energy shares traded?

Saatvik Green Energy Limited equity shares are listed and traded on the National Stock Exchange of India (NSE) under symbol SAATVIKGL and BSE Limited under scrip code 544526.

Source: Official corporate disclosures from Saatvik Green Energy Limited, regulatory filings on the National Stock Exchange of India (NSE), and announcements on BSE Limited.