5.89 GW Order Book: Solar Stock Secures Rs 171 Crore Domestic PV Module Supply Order
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Saatvik Green Energy Limited has secured and accepted domestic orders worth Rs 171.45 crore for solar PV modules from a leading IPP/EPC player, with execution scheduled through October 2026.
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On Wednesday, the Indian equity benchmarks traded higher during the afternoon session, with the benchmark Nifty 50 index rising 0.14 per cent to 23,947.70. Renewable energy and solar sector stocks remained in focus following fresh order inflows and project announcements. In this segment, Saatvik Green Energy share price remained in focus after the company secured domestic solar PV module supply orders worth Rs 171.45 crore.
Saatvik Green Energy Bags Rs 171 Crore Order
Saatvik Green Energy Limited announced that it has received and accepted domestic orders aggregating to Rs 171.45 crore for the supply of solar photovoltaic (PV) modules.
According to the company, the orders were received from a renowned Independent Power Producer (IPP) and EPC player.
The company stated that the contract has been awarded on a commercial basis and pertains specifically to the supply of solar PV modules. Execution of the order is scheduled through October 2026.
Saatvik Green Energy Order Details
Saatvik Green Energy clarified that the awarding entity is domestic in nature. The company also confirmed that neither its promoter, promoter group nor group companies have any interest in the entity awarding the contract. Further, the company stated that the transaction does not qualify as a related party transaction.
Stock Performance
Saatvik Green Energy shares were trading at Rs 454.90 during Wednesday’s afternoon session, up marginally from the previous close of Rs 453.95. The stock’s 52-week high and low stood at Rs 551.40 and Rs 333.80, respectively.
Saatvik Green Energy Shareholding Pattern
Domestic Institutional Investors (DIIs) increased stake in the company to 10.52 per cent from 9.35 per cent in the previous quarter. Foreign Institutional Investors (FIIs) reduced stake to 0.02 per cent from 0.25 per cent during the same period.
About Saatvik Green Energy
Saatvik Green Energy Ltd operates in the renewable energy equipment segment and focuses on manufacturing and supplying solar photovoltaic modules.
The company caters to domestic independent power producers, EPC contractors and renewable energy project developers.
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Disclaimer: This article is for informational purposes only and not investment advice.