Saatvik Green Energy Limited said its material subsidiary, Saatvik Solar Industries Private Limited, has secured an order worth Rs 138 million from a leading independent power producer and EPC player for the supply of solar photovoltaic modules. The order is scheduled to be executed by February 2026.

The latest contract strengthens Saatvik’s position in India’s rapidly expanding solar module manufacturing market and reflects growing confidence among IPPs and EPC contractors in the company’s product quality, reliability and delivery capabilities.

Commenting on the development, Prashant Mathur, chief executive officer of Saatvik Green Energy Limited, said the order win underlines the company’s continued focus on quality, reliability and technological excellence in solar PV modules. He added that as India accelerates its renewable energy transition, the company remains committed to supporting the country’s clean energy ambitions through high-performance solar solutions.

The order adds to a series of recent milestones for the group. In recent months, its EPC arm, Saatvik Cleantech EPC Private Limited, secured a turnkey solar EPC contract worth Rs 208.4 million. The group also won a large solar module supply order valued at Rs 4.86 billion from a reputed IPP and EPC player.

In addition, Saatvik has received solar pump orders worth around Rs 302.4 million from the Maharashtra State Electricity Distribution Company Limited under the PM-KUSUM scheme. On the manufacturing front, the company recently commissioned a 2 GW in-house EPE film manufacturing facility, strengthening vertical integration and reinforcing its Make in India strategy.