Saatvik Green Energy Secures ₹1,041.63 Crore Solar PV Module Order from SECI
Saatvik Green Energy Limited secured a ₹1,041.63 crore order from SECI for 600 MWp of Solar PV Modules. The order is scheduled for execution by December 2027. This award strengthens the company's position in government-backed solar projects and aligns with India's 'Make in India' initiative.
The order value of ₹1,041.63 crore is significant and will materially impact the company's order book and future revenue.
The company has secured a substantial order, which is a positive development for its business and market position.
Saatvik Green Energy Limited has announced the receipt and acceptance of a significant order from Solar Energy Corporation of India Limited (SECI) for the supply of Solar PV Modules. The aggregate order value stands at ₹1,041.63 crore.
This order is part of a tender requiring domestically manufactured solar PV modules using domestic solar cells. Saatvik has been awarded a 600 MWp capacity package, with the execution of the order scheduled to be completed by December 2027. This award underscores SECI's confidence in Saatvik's manufacturing capabilities, product quality, and execution track record, validating the company's ALMM-compliant manufacturing capacity.
Mr. Prashant Mathur, CEO of Saatvik Green Energy Limited, highlighted the order's significance in bolstering India's renewable energy ecosystem and the momentum behind domestic manufacturing. He emphasized Saatvik's strategic expansion plans, including its 4.86 GW module manufacturing facility in Ambala and its integrated manufacturing expansion in Odisha, which will feature significant cell and module capacities. This order is seen as a strong validation of the company's manufacturing strategy and its commitment to building a globally competitive, integrated solar manufacturing platform from India.
The new order is expected to materially enhance Saatvik's order book and solidify its position as a preferred supplier in the utility-scale solar segment, aligning with the 'Make in India' initiative by driving demand for domestic solar components.
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Saatvik Green Energy Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Saatvik Green Energy Limited. Read the original for the full detail.