Saatvik Green Energy Limited has announced a major business development through its wholly owned subsidiary, with Saatvik Cleantech EPC Private Limited securing a substantial solar project contract worth ₹20.84 crores. The order comes from a renowned solar developer and represents a significant addition to the company's project portfolio in the renewable energy sector.

Project Details and Scope

The contract encompasses comprehensive turnkey EPC (Engineering, Procurement, and Construction) services for a solar project. The scope includes design, engineering, procurement, supply, testing, and commissioning activities, positioning the subsidiary to handle all aspects of the solar installation from conception to completion.

Contract Specifications

The order represents a domestic commercial engagement with clear execution timelines. Saatvik Cleantech EPC Private Limited will be responsible for delivering the complete solar project infrastructure within the specified timeframe. The contract structure follows standard industry practices for solar EPC projects, ensuring comprehensive service delivery from initial design through final commissioning.

Corporate Governance and Compliance

The company has confirmed full compliance with regulatory requirements under SEBI Listing Regulations. Key governance aspects of the contract include:

• No promoter or promoter group interest in the awarding entity
• No related party transaction implications
• Arms-length commercial arrangement
• Full disclosure under Regulation 30 requirements

Strategic Implications

This order win demonstrates the subsidiary's capabilities in the competitive solar EPC market and strengthens Saatvik Green Energy's position in the renewable energy sector. The ₹20.84 crore contract value represents a meaningful business opportunity for the wholly owned subsidiary, with execution scheduled for completion by March 2026.

The announcement reflects the company's continued focus on expanding its renewable energy project portfolio through its specialized subsidiary operations. With comprehensive EPC capabilities covering the entire project lifecycle, Saatvik Cleantech EPC Private Limited is positioned to deliver end-to-end solar solutions for commercial clients.

Saatvik Green Energy Limited has announced the commencement of operations at its new 2 GW film manufacturing facility, representing a major step forward in the company's strategic expansion plans. This development aims to strengthen the company's manufacturing capabilities in the renewable energy sector while supporting domestic production initiatives.

Strategic Manufacturing Expansion

The launch of the 2 GW film manufacturing facility marks a significant milestone for Saatvik Green Energy Limited. The facility is designed to enhance the company's production capacity and manufacturing capabilities in the renewable energy space.

Potential Vertical Integration Benefits

The new manufacturing facility is expected to provide several strategic advantages for Saatvik Green Energy Limited:

• Enhanced vertical integration across the production value chain
• Improved supply chain independence and reduced external dependencies
• Greater control over manufacturing processes and quality standards
• Strengthened operational efficiency and cost management

Supporting Make In India Initiative

The facility launch demonstrates Saatvik Green Energy Limited's commitment to supporting the government's Make In India initiative. By establishing domestic manufacturing capabilities, the company aims to contribute to the broader goal of reducing import dependencies and strengthening India's renewable energy manufacturing ecosystem.

This development reflects the company's strategic focus on building comprehensive manufacturing capabilities while aligning with national policy objectives for domestic production and self-reliance in the renewable energy sector.