5.05-GW order book: Solar company received orders from one renowned Independent Power producer/EPC Player
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The company has a market cap of over Rs 5,000 crore and has an order book of 5.05 GW.
Saatvik Green Energy Limited, through its material subsidiary Saatvik Solar Industries Private Limited, has secured a domestic commercial order valued at Rs 44.10 crore. The contract, awarded by a prominent independent power producer and EPC player, entails the supply of high-efficiency solar photovoltaic (PV) modules. This domestic engagement is scheduled for completion by March 2026, marking a steady progression in the company’s fulfilment of large-scale renewable energy components within the Indian market.
About the Company
Saatvik Green Energy Limited is one of India’s leading solar photovoltaic module manufacturers, with a strong presence across utility-scale, commercial & industrial, EPC and distributed solar segments. The Company currently operates a 4.8 GW module manufacturing facility in Ambala, Haryana and is developing a Greenfield integrated manufacturing facility in Odisha with 4 GW module and 4.8 GW solar cell capacity. With a focus on technology, quality and execution, Saatvik aims to play a meaningful role in India’s renewable energy transition.
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Add NowSaatvik Green Energy Limited delivered a powerhouse performance for the nine months ended FY26, with revenue surging 137 per cent year-on-year to Rs 29,407.8 million and Profit After Tax (PAT) jumping 145 per cent to Rs 3,007.9 million. The company’s operational efficiency was underscored by a robust 81 per cent capacity utilization at its 4.8 GW Ambala facility and a healthy Order Book of 5.05 GW, providing strong revenue visibility for the upcoming quarters. Beyond the numbers, Saatvik is rapidly verticalizing its operations, having commissioned a 2 GW in-house EPE film plant and progressing on its massive Greenfield integrated cell and module facility in Odisha. With the launch of the UDAY Series inverters and a fresh Rs 30.24 crore solar pump order from MSEDCL, the company is effectively diversifying its portfolio across the utility, C&I and B2C segments.
The company has a market cap of over Rs 5,000 crore and has an order book of 5.05 GW. The stock is up by 25 per cent from its 52-week low of Rs 345.15 per share.
Disclaimer: The article is for informational purposes only and not investment advice.