Saatvik Green Energy filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with stock exchanges on September 2, 2026. The disclosure outlines the company’s environmental, social, and governance performance alongside its strategic sustainability commitments.

Governance and Oversight

The Board of Directors retains ultimate oversight of business responsibility policies, supported by a dedicated ESG Council led by the Chief Executive Officer. This council includes senior leadership from human resources, finance, sales, and operations to guide sustainability strategy and monitor regulatory compliance.

Saatvik formalised its ESG commitments through Board-approved policies during the reporting year. Key frameworks cover anti-bribery, human rights, sustainable procurement, and data privacy. The company reported no material non-compliances or regulatory penalties during FY26.

Environmental Performance

Solar photovoltaic module manufacturing accounts for 97.2% of total turnover. Total energy consumption rose to 190,599.62 GJ in FY26 from 93,243.39 GJ in the prior year. Despite this increase, energy intensity per rupee of turnover improved slightly to 0.00000419 GJ/INR from 0.00000432 GJ/INR.

Greenhouse gas emissions followed a similar trajectory. Total Scope 1 and Scope 2 emissions reached 36,328 metric tonnes of CO2 equivalent, up from 17,368 metric tonnes previously. However, emission intensity per rupee of turnover declined marginally to 0.0000007987 tonnes/INR.

Water withdrawal doubled to 37,513 kiloliters, primarily sourced from groundwater. The company maintains zero liquid discharge across its manufacturing facilities, recycling treated wastewater internally.

Social Metrics and Safety

Workforce composition includes 722 permanent employees and 1,884 workers. Female representation among permanent employees stands at 5%. The company achieved a zero Lost Time Injury Frequency Rate (LTIFR) for both employees and workers during FY26.

Total recordable work-related injuries decreased to 9 from 13 in the prior year. No fatalities or high-consequence injuries were reported. Human rights training covered 100% of employees and workers.

What the Numbers Show

While absolute resource consumption metrics increased significantly alongside operational scale, intensity ratios improved. Energy intensity fell by approximately 3% and GHG emission intensity declined by roughly 0.7% on a per-rupee-of-turnover basis. This divergence suggests that revenue generation outpaced the growth in energy and carbon footprints, indicating improved operational efficiency relative to output despite higher aggregate usage.

Saatvik Green Energy subsidiary Saatvik Solar Industries Private Limited has applied for enlistment under the Approved List of Manufacturers and Models (ALMM) List-II for its 2.4 GW solar cell manufacturing facility in Odisha.

The application, filed on September 1, 2026, covers Monocrystalline Bifacial N-TOPCon G12R solar cells under the Domestic Content Requirement (DCR) category. The move aims to strengthen India’s domestic solar PV value chain.

Facility Details

Located in Ganjam, Odisha, the facility has an applied manufacturing capacity of 2,400 MW. It is designed to produce high-efficiency, high-wattage solar cells using advanced N-TOPCon technology.

Subject to approval by the Ministry of New and Renewable Energy (MNRE), the facility will be eligible for deployment in projects requiring compliance with domestic sourcing norms.

Strategic Context

This development marks an upstream expansion in Saatvik’s manufacturing roadmap. The company currently operates a 4.86 GW module manufacturing capacity in Ambala, Haryana. The Odisha facility forms part of a broader greenfield integrated project planned to include 4 GW of module capacity and 6 GW of solar cell capacity.

Prashant Mathur, CEO of Saatvik Green Energy, stated that the advancement toward ALMM List-II enlistment is a milestone in building competitive solar manufacturing capabilities in India. He emphasized the focus on technology, scale, and domestic production to support long-term renewable energy ambitions.

What the Numbers Show

The application highlights a strategic shift from module-only assembly to integrated cell manufacturing. By targeting the DCR category with N-TOPCon technology, Saatvik positions itself to capture demand from government-backed projects that mandate domestic sourcing, potentially improving supply chain resilience and margin stability compared to imported cells.