+
Saatvik Starts Work on Rs 30 Billion Solar Plant in Odisha
POWER & RENEWABLE ENERGY

Saatvik Starts Work on Rs 30 Billion Solar Plant in Odisha

Saatvik Solar Industries (SSIPL), a wholly owned subsidiary of Gurugram-based Saatvik Green Energy (SGEL), has commenced construction of a four GW solar PV module manufacturing facility in Odisha. The groundbreaking ceremony was held on 5 June 2025, marking a significant milestone in SGEL’s nationwide expansion strategy.

The Rs 30 billion project is being developed on a 57-acre site sub-leased from Tata Steel Special Economic Zone (SEZ), strategically located along National Highway 16 within the Gopalpur Industrial Park in Ganjam district.

This facility forms a key part of SGEL’s plan to establish an integrated 4.80 GW solar cell and 4.00 GW module manufacturing ecosystem, with the cell unit expected to be operational by the end of FY27 and the module unit by FY26. In parallel, SGEL is also adding one GW of module capacity at its Ambala facility, targeted for completion by Q1/FY26.

Upon completion, SGEL will have a combined annual capacity of 4.80 GW for cells and 8.80 GW for modules across its two sites in Ambala and Odisha.

Prashant Mathur, CEO of SGEL, stated that the company aims to remain at the forefront of solar energy manufacturing in India. He emphasised that this project supports the country’s renewable energy targets and aligns with the Make-in-India vision by strengthening domestic solar manufacturing capabilities.

Saatvik Solar Industries (SSIPL), a wholly owned subsidiary of Gurugram-based Saatvik Green Energy (SGEL), has commenced construction of a four GW solar PV module manufacturing facility in Odisha. The groundbreaking ceremony was held on 5 June 2025, marking a significant milestone in SGEL’s nationwide expansion strategy.The Rs 30 billion project is being developed on a 57-acre site sub-leased from Tata Steel Special Economic Zone (SEZ), strategically located along National Highway 16 within the Gopalpur Industrial Park in Ganjam district.This facility forms a key part of SGEL’s plan to establish an integrated 4.80 GW solar cell and 4.00 GW module manufacturing ecosystem, with the cell unit expected to be operational by the end of FY27 and the module unit by FY26. In parallel, SGEL is also adding one GW of module capacity at its Ambala facility, targeted for completion by Q1/FY26.Upon completion, SGEL will have a combined annual capacity of 4.80 GW for cells and 8.80 GW for modules across its two sites in Ambala and Odisha.Prashant Mathur, CEO of SGEL, stated that the company aims to remain at the forefront of solar energy manufacturing in India. He emphasised that this project supports the country’s renewable energy targets and aligns with the Make-in-India vision by strengthening domestic solar manufacturing capabilities.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code