By PTI | New Delhi
Saatvik Green Energy on Friday said that its arm Saatvik Solar Industries Private Limited has secured orders worth Rs 299.40 crore for supply of solar photovoltaic modules.
The orders have been placed by three reputed independent power producers (IPPs) and EPC players in India, further strengthening Saatvik’s visibility in the fast-growing domestic solar market, a company statement said.
Saatvik Green Energy‘s material subsidiary Saatvik Solar Industries Private Limited has received and accepted the new orders aggregating to Rs 299.40 crore for the supply of solar photovoltaic (PV) modules, the statement said.
A day prior to this development, the company posted a 36.39 per cent rise in its net profit to Rs 83.2 crore in the September quarter compared to a year ago, mainly on the back of higher revenues.
The company had a net profit of Rs 61 crore in the quarter ended on September 30, 2024, a company statement said.
Revenues from operations increased to Rs 768 crore in the quarter from Rs 475.3 crore in the same period a year ago.
Saatvik Green Energy (‘Saatvik Solar”) is a Solar Panel Manufacturer in India with an annual current production capacity of 4.8GW/Annum, having its manufacturing facility based in Ambala (Haryana). Saatvik Solar specializes in the manufacturing of high-quality solar PV modules.
The company’s product portfolio includes a range of MonoPERC , Bifacial & N-TopCon G12R Solar PV modules which are designed for various applications, including residential, commercial and utility-scale solar projects. Saatvik Solar plans to expand with an integrated cell and module manufacturing plant in Odisha. Furthermore, the company is planning on setting up a 4.8 GW/ Annum cell manufacturing unit and 4GW/Annum Solar PV module manufacturing by FY26.
Also Read: Deepak Gupta is the next GAIL India CMD; to take charge in March 2026
