Saatvik Green Energy Limited has announced a significant business development through its material subsidiary, with Saatvik Solar Industries Private Limited securing a substantial order worth ₹10.15 crores. The order comes from a renowned Independent Power producer/EPC Player for the supply of solar photovoltaic modules, marking another milestone in the company's solar energy business expansion.

Order Details and Specifications

The comprehensive order details reveal the commercial nature and scope of this business win:

Regulatory Compliance and Transparency

Saatvik Green Energy Limited disclosed this order under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, demonstrating its commitment to regulatory compliance and investor transparency. The announcement was made through official communications to both BSE Limited and National Stock Exchange of India Limited on January 22, 2026.

The company has confirmed that this transaction maintains arm's length commercial terms with no related party implications. Specifically, the promoter, promoter group, or group companies have no interest in the entity that awarded the order, ensuring complete independence in the business relationship.

Business Impact and Execution

This order represents a significant addition to Saatvik Solar Industries Private Limited's order book, reinforcing the subsidiary's position in the solar PV module manufacturing and supply sector. The February 2026 execution timeline provides a clear delivery framework, allowing for efficient project planning and resource allocation.

The order's domestic nature aligns with India's growing renewable energy sector and the increasing demand for solar photovoltaic solutions across various applications. As a material subsidiary of Saatvik Green Energy Limited, this business win contributes directly to the parent company's overall performance and market presence in the green energy segment.

Two companies have made headlines after securing substantial orders worth a combined ₹21 crores, strengthening their order books and providing enhanced revenue visibility for the near term. The developments highlight growing opportunities in India's solar manufacturing and railway supply segments.

Major Order Wins Drive Market Interest

Saatvik Green Energy Limited has bolstered its solar manufacturing order book through its material subsidiary, Saatvik Solar Industries Private Limited, which secured orders worth ₹13.80 crores from a reputed independent power producer and EPC player. The domestic commercial contract involves supplying solar photovoltaic modules with execution scheduled by February 2026.

Gayatri Rubbers and Chemicals Limited achieved a significant operational milestone by securing a ₹7.23 crore order from Indian Railways. The domestic contract covers the supply of EPDM rubber packing, with completion required within six months from the purchase order date.

Stock Performance and Market Response

Saatvik Green Energy Limited, with a market capitalization of ₹5,086 crores, saw its stock reach an intraday high of ₹407.00, representing a 0.50% increase from the previous close of ₹405.00. The company's strong order book addition supports its growing presence in India's solar value chain.

Gayatri Rubbers and Chemicals Limited, carrying a market cap of ₹205 crores, touched an intraday high of ₹358.00, which was 1.00% lower than the previous close of ₹362.00. Despite the minor decline, the railway order strengthens the company's position in the industrial rubber products segment.

Strong Financial Performance Across Both Companies

Saatvik Green Energy Limited, incorporated in 2015, operates in solar module manufacturing and provides engineering, procurement, and construction (EPC) services. The company's latest quarterly results demonstrate robust growth momentum.

However, the company experienced quarter-over-quarter declines, with revenue falling 16% from ₹916.00 crores in Q1 FY26 and net profit dropping 30% from ₹119.00 crores in the same period.

Gayatri Rubbers and Chemicals Limited, incorporated in 2022, specializes in manufacturing and trading rubber products. The company's half-yearly performance shows impressive growth trajectory.

The company showed mixed half-over-half performance, with revenue declining 5.40% from ₹18.30 crores in H2 FY25, while net profit grew 62% from ₹1.60 crores in the same period.

Strategic Implications and Market Positioning

These order wins underscore both companies' strengthening market positions in their respective sectors. Saatvik Green Energy's solar module order reinforces its role in India's expanding renewable energy infrastructure, while Gayatri Rubbers' railway contract highlights opportunities in the government's infrastructure development initiatives.

The secured orders provide both companies with enhanced revenue visibility and support their growth strategies in the solar manufacturing and industrial rubber segments respectively.