Saatvik Green Energy Limited, previously known as Saatvik Green Energy Private Limited, has recently announced a significant milestone in its operations. The company’s material subsidiary, Saatvik Solar Industries Private Limited, has secured an order worth INR 299.40 Crores for the supply of solar photovoltaic (PV) modules. This order comes from three prominent Independent Power Producers (IPPs) and Engineering, Procurement, and Construction (EPC) players, highlighting Saatvik's expanding role in the renewable energy sector. The announcement was made in compliance with the SEBI Listing Regulations, ensuring transparency and adherence to regulatory standards.

The order is notable not only for its substantial value but also for its domestic nature, as it will be executed within India. The execution period for the contract is slated from December 2025 to March 2026, indicating a structured timeline for delivery and installation. This contract contributes to Saatvik’s ongoing efforts to enhance its portfolio and meet the growing demand for renewable energy solutions in the country. The company's proactive engagement with renowned industry players suggests a robust positioning within the competitive landscape of solar energy.

Furthermore, Saatvik Green Energy confirmed that there are no conflicts of interest related to this contract, as neither the promoters nor the group companies have any stake in the entities awarding these orders. This reaffirmation of ethical business practices is likely to bolster investor confidence and solidify Saatvik's reputation in the market. As the company continues to drive innovations in green energy, this order represents a strategic step towards supporting India's energy transition and sustainability goals. For more information, stakeholders can refer to the company’s website or the detailed disclosures provided under the SEBI regulations.