Saatvik Green Unit Lands ₹14 Crore Solar Module Contract

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AuthorKavya Nair|Published at:
Saatvik Green Unit Lands ₹14 Crore Solar Module Contract
Overview

Saatvik Green Energy's subsidiary, Saatvik Solar Industries, has won a ₹14 crore order for Solar PV Modules. The deal is set for completion by March 2026 and will see modules supplied to major Independent Power Producers and EPC players, reinforcing Saatvik Solar's market standing.

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Saatvik Green Unit Wins ₹14 Crore Solar Module Contract

Saatvik Green Energy's subsidiary, Saatvik Solar Industries, has won a ₹14 Crore order for Solar PV Modules.

The deal is scheduled for completion by March 2026 and will involve supplying modules to leading Independent Power Producers and EPC firms.

This contract boosts Saatvik Solar's already substantial order book, which stood at ₹648.80 crore as of December 31, 2023. The win reinforces the subsidiary's standing and its ability to secure business from major players in the renewable energy sector, contributing to Saatvik Green Energy's future revenue and market presence.

Saatvik Green Energy focuses on manufacturing solar photovoltaic (PV) modules and developing solar energy solutions, reporting consolidated revenue of ₹249.17 crore for FY23.

The solar module sector is highly competitive, with key companies including Waaree Energies, Tata Power Solar Systems, and Adani Green Energy. Saatvik Solar faces potential risks such as execution delays, fluctuating raw material prices, and strong market competition.

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