NSEUpdates58m ago · 16 Sept 2026, 11:21 am

Updates

Saatvik Green Energy Limited · SAATVIKGL

✦ AI Summary▲ PositiveOrder Win

Saatvik Green Energy Limited has received an order worth ₹1,041.63 Crore from SECI for the supply of Solar PV Modules. The order is scheduled to be executed by December 2027.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment9/10

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Full Announcement

Saatvik Green Energy Limited has informed the Exchange regarding 'Announcement under Regulation 30 of SEBI (LODR) 2015 - Press Release'.

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SAATVIK_16092026112055_press_release_on_order.pdf

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Ref.: SGEL/SE/2026-27/53 September 16, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai – 400001 Complex Bandra (E), Mumbai – 400 051 Scrip Code: 544526 Symbol: SAATVIKGL Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Press Release. Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to submit a copy of the Press Release issued by Saatvik Green Energy Limited (“the Company”), titled: “Saatvik Green Energy Limited Secures Order Worth ₹1,041.63 Crore from SECI for Supply of Solar PV Modules” A copy of the aforesaid Press Release, which is self-explanatory in nature, is enclosed herewith. The Press Release is also available on the Company's website at i.e. https://saatvikgroup.com You are requested to kindly take the above information on your record. Thanking you, For Saatvik Green Energy Limited (Formerly known as Saatvik Green Energy Private Limited) Jyoti Verma Company Secretary & Compliance Officer Encl.: a/a Saatvik Green Energy Limited (formerly known as Saatvik Green Energy Private Limited) (a Saatvik Group Company) Corporate Office: Tower A, IFFCO Complex, Plot No. 3, Institutional Area, Sector 32, Gurugram, Haryana- 122001, Tel.: 1800-547-1151 | W.: www.saatvikgroup.com | E.: info@saatvikgroup.com| CIN: L40106HR2015PLC075578 Registered Office: Village Dubli, V.P.O. Bihta, Tehsil Ambala, Haryana- 133101, India Saatvik Green Energy Limited Secures Order Worth ₹1,041.63 Crore from SECI for Supply of Solar PV Modules  Saatvik Green Energy Limited has received and accepted an order from Solar Energy Corpora(cid:415)on of India Limited (SECI) for the supply of Solar PV Modules, with an aggregate order value of INR 1,041.63 crores.  The order is scheduled to be executed by December 2027.  This win further strengthens Saatvik's posi(cid:415)on as a preferred domes(cid:415)c supplier for large-scale, government-backed solar projects in India. New Delhi, 15th September 2026: Saatvik Green Energy Limited today announced that it has been selected by Solar Energy Corpora(cid:415)on of India (SECI) as one of the bidders under a tender for the manufacturing, tes(cid:415)ng, packing, supply, and transporta(cid:415)on of domes(cid:415)cally manufactured solar PV modules using domes(cid:415)c solar cells. Saatvik has been awarded a 600 MWp capacity package, with an aggregate order value of INR 1,041.63 crores. The order is scheduled to be executed by December 2027. The order underscores the growing confidence of India's leading government-backed energy ins(cid:415)tu(cid:415)on in Saatvik's manufacturing capabili(cid:415)es, product quality, and execu(cid:415)on track record. Saatvik's selec(cid:415)on in this tender is a direct valida(cid:415)on of the Company's ALMM-compliant manufacturing capabili(cid:415)es and its readiness to serve large-scale government infrastructure projects with domes(cid:415)cally sourced solar equipment. Commen(cid:415)ng on the development, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, "The 600 MWp order from SECI, under a tender requiring domes(cid:415)cally manufactured solar cells, is significant not only for its scale but for what it represents for India’s renewable energy ecosystem. It reflects the growing momentum behind domes(cid:415)c manufacturing and the shi(cid:332) towards a more integrated and self-reliant solar value chain an evolu(cid:415)on that Saatvik has been strategically building for. With our 4.86 GW module manufacturing facility in Ambala and our integrated manufacturing expansion in Odisha comprising 2.4 GW of cell and 4 GW of module capacity in Phase I, with a further 3.6 GW of cell capacity proposed in Phase II, we are building the capabili(cid:415)es required to par(cid:415)cipate meaningfully across the solar manufacturing value chain. As our Odisha cell facility progresses towards ALMM List-II enlistment, we are strengthening our ability to meet evolving domes(cid:415)c-content requirements with greater depth and scale. We see this order as more than a commercial milestone. It is a strong valida(cid:415)on of our manufacturing strategy, our execu(cid:415)on capabili(cid:415)es and our convic(cid:415)on in building a globally compe(cid:415)(cid:415)ve, integrated solar manufacturing pla(cid:414)orm from India." This order adds materially to Saatvik's order book and further consolidates the Company's posi(cid:415)on as a preferred supplier in the u(cid:415)lity-scale solar segment. It also aligns with India's push for energy self- sufficiency under the 'Make in India' ini(cid:415)a(cid:415)ve by driving demand for domes(cid:415)cally manufactured solar components. About Saatvik Green Energy Limited Saatvik Green Energy Limited is one of India’s leading solar photovoltaic module manufacturers, with a strong presence across u(cid:415)lity-scale, commercial & industrial, EPC, and distributed solar segments. The Company currently operates a 4.86 GW module manufacturing facility in Ambala, Haryana, and is developing a Greenfield integrated manufacturing facility in Odisha with 4 GW of module capacity and 6 GW of solar cell capacity. With a focus on latest technology, quality, and execu(cid:415)on, Saatvik aims to play a meaningful role in India’s renewable energy transi(cid:415)on. For media queries: Vinita Singh Ishank Garg Saatvik Green Energy Limited Adfactors PR vinita.singh@saatvikgroup.com ishank.garg@adfactorspr.com 9874802522 9711035025