Rs 5,000+ crore order book: 13 days ago, listed Solar PV modules company receives new orders worth Rs 707.62 crore

On Wednesday, shares of Saatvik Green Energy Limited jumped 4.92 per cent and made a new 52-week high of Rs 482.95 per share from its previous closing of Rs 460.30 per share with heavy volume.

Just 13 days after its listing, Saatvik Green Energy Ltd. has recevied significant new orders for the supply of Solar PV modules aggregating to Rs 707.62 crore. The company received and accepted orders worth Rs 488 crore directly from renowned domestic Independent Power Producers (IPPs) and EPC (Engineering, Procurement, and Construction) firms. Concurrently, its material subsidiary, Saatvik Solar Industries Private Limited, also received and accepted additional domestic orders totaling Rs 219.62 crore from three renowned IPPs/EPC entities. All these contracts are for the supply of Solar PV modules, indicating a repeat nature of business with these domestic entities.

These substantial new orders are set to be executed in the Financial Year 2026 (FY'26). The combined value of Rs 707.62 crore—comprising the parent company's Rs 488 crore and the subsidiary's Rs 219.62 crore—represents a significant boost for the recently listed solar energy company. This early influx of large, domestic, repeat business from major industry players highlights strong market confidence in Saatvik Green Energy's products and substantially strengthens its forward-looking revenue pipeline for the coming fiscal year.

About the Company

Saatvik Green Energy is a prominent integrated player in the Indian solar sector, specialising in manufacturing high-efficiency solar PV modules with an operational capacity of 3.80 GW as of March 31, 2025. It serves residential, commercial, and utility segments with products like Mono PERC and N-TOPCon modules. The company has demonstrated rapid financial growth across the last three fiscals, with revenue growing at a 52.50 per cent CAGR to reach Rs 2,158.39 crore in FY25, and Net Profit soaring to Rs 213.93 crore in the same year, reflecting significant improvements in EBITDA and Net Profit margins.

The company raised Rs 900 crore, which includes a fresh issue of Rs 700 crore and an Offer for Sale (OFS) of Rs 200 crore. The company plans to use the fresh issue proceeds primarily for capital expenditure—specifically, investing in its subsidiary (SSIPL) to set up a new 4 GW module facility in Gopalpur, Odisha (Rs 477.23 crore), and repaying certain borrowings of both the company and its subsidiary. The company has a market cap of over Rs 6,000 crore and has an Order Book of over Rs 5,000 crore.

Disclaimer: The article is for informational purposes only and not investment advice.