A well-known Indian IPP has placed an order with Saatvik Green Energy Limited to supply solar photovoltaic (PV) modules, and the company has accepted the contract, which amounts to 108.75 crores rupees, as of today. The expected completion date for the order is September 2026.
The order highlights the increasing trust that power sector participants have in Saatvik’s production capacity, product excellence, and history of punctual completion of projects. In order to fulfil this order while upholding its high standards of quality and performance across large-scale solar deployments, Saatvik is well-positioned with its 4.8 GW module manufacturing plant in Ambala, Haryana.
This order victory is a strong validation of our product quality and execution capabilities’, commented Mr Prashant Mathur, CEO of Saatvik Green Energy Limited, on the development. We are dedicated to becoming a reliable supplier for top power generators in India and making a significant impact on the country’s clean energy targets, especially as it speeds up its renewable energy capacity increase.
As the Company’s order book continues to expand, this purchase further solidifies Saatvik’s status as a preferred domestic supplier in the utility-scale solar area. By increasing the demand for solar components made in India, it also helps India achieve its goal of energy independence through its ‘Make in India’ program.
The victory is a reflection of the growing demand for locally produced solar modules by Independent Power Producers; Saatvik is positioned to take advantage of this trend thanks to its growing manufacturing footprint and continuous investments in next-generation solar technology.
