Saatvik Green Energy Limited has strengthened its order book with a new ₹20.84 crore contract secured by its wholly owned subsidiary, Saatvik Cleantech EPC Private Limited. The order comes from a renowned solar developer and represents another milestone in the company's expanding EPC business segment.

Project Details and Timeline

The comprehensive contract encompasses the complete project lifecycle, including design, engineering, procurement, supply, testing, and commissioning of a turnkey solar EPC project. The company has committed to executing the project by the end of March 2026, demonstrating its capability to deliver within tight timelines.

Recent Order Wins

This latest contract follows another significant order secured in December from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). The MSEDCL contract, valued at approximately ₹16.74 crore, involves comprehensive services for off-grid DC solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme.

The MSEDCL order includes:

• 1,000 solar PV water pumps with capacities of 3 HP, 5 HP, and 7.5 HP
• Installation at identified farmer sites across Maharashtra
• Five-year comprehensive warranty and maintenance support
• Remote monitoring system implementation

Strong Financial Performance

Saatvik Green Energy has demonstrated robust financial growth in recent quarters. The company's operational performance shows significant momentum across key financial metrics.

Business Portfolio and Market Position

Saatvik Green Energy operates as a fully integrated renewable energy manufacturing company with capabilities spanning module manufacturing, EPC services, and operations & maintenance. As of Q1 FY26, the company maintained a substantial order book of 4.05 GW for solar PV modules.

The company's module revenue mix reflects its focus on next-generation technology:

• N-TopCon modules: 78.27% of revenue mix
• Mono PERC modules: 18.80% of revenue mix

Stock Performance

Shares of Saatvik Green Energy were trading at ₹412.40 on BSE, down over 1% from the previous closing price of ₹417.65, with a market capitalization of ₹5,241.80 crores. The company made its stock market debut in September 2025, raising ₹900 crore through its IPO, which included a ₹700 crore fresh issue and ₹200 crore offer for sale. The stock has delivered positive returns of more than 10% in 2026.

Saatvik Green Energy has secured a substantial solar project order through its subsidiary, marking another milestone in the company's renewable energy expansion. The order, valued at ₹20.84 crore, was announced via an exchange filing and represents a significant business development for the organization.

Project Details and Timeline

The solar project order has been received and accepted by Saatvik Cleantech EPC Private Limited, which operates as a wholly-owned subsidiary of Saatvik Green Energy. The company has committed to completing the project execution by the end of March 2026, providing a clear timeline for delivery.

Business Impact

This order adds to Saatvik Green Energy's growing portfolio in the renewable energy sector. The ₹20.84 crore project represents a substantial contract that will contribute to the company's revenue stream over the execution period. The involvement of the company's dedicated EPC subsidiary demonstrates the organizational structure designed to handle large-scale solar installations.

Company Structure

Saatvik Cleantech EPC Private Limited serves as the operational arm for executing engineering, procurement, and construction activities related to renewable energy projects. As a wholly-owned subsidiary, it operates under the direct control of Saatvik Green Energy, ensuring aligned strategic objectives and streamlined project management.

The company has not disclosed additional details regarding the project location, client information, or specific technical specifications of the solar installation in the exchange filing.