Saatvik Green Energy Limited

The notice under Regulation 30 of the SEBI Listing Regulations outlines that Saatvik Green Energy Limited has been officially awarded and has accepted a major domestic order from the Solar Energy Corporation of India Limited (SECI) for the supply of Solar PV Modules, amounting to an aggregate order value of INR 1,041.63 crores.

As per official disclosures and regulatory filings, the contract involves domestic commercial considerations where the solar PV modules are scheduled for complete execution by December 2027. The awarding entity, Solar Energy Corporation of India Limited, has no promoter or group company interest in Saatvik Green Energy Limited, and the transaction is classified as a non-related party transaction executed strictly at arm’s length.

Saatvik Green Energy Limited is a prominent Indian renewable energy player specializing in the manufacturing of high-efficiency solar photovoltaic modules, EPC services, and comprehensive operations and maintenance support. In corporate developments during 2025, the company expanded its manufacturing footprint, secured significant supply contracts including multi-crore orders from independent power producers, and advanced major clean energy infrastructure projects across India.

During the financial updates announced in 2025, the company demonstrated robust revenue expansion and operational scaling aligned with India’s ambitious clean energy targets. Prominent public shareholders and institutional entities hold key stakes in the company, supporting its ongoing capital expenditure and strategic manufacturing initiatives.