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.
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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