NSECommencement of commercial production/operations2 Nov 2026 · 2 Nov 2026, 08:14 pm
Commencement of commercial production/operations
Saatvik Green Energy Limited · SAATVIKGL
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Saatvik Green Energy Limited has commenced commercial production of solar photovoltaic (PV) modules at its manufacturing facility in Odisha, marking a significant milestone in the company's manufacturing expansion plans.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Saatvik Green Energy Limited has informed the Exchange about Commencement of commercial production/operations
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Ref.: SGEL/SE/2026-27/64 November 2, 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 SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015 - Commencement of Commercial Production at Gopalpur
Solar PV Module Manufacturing Facility, Odisha
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended ("SEBI Listing Regulations"), and the applicable provisions of the SEBI Master
Circular, we wish to inform you that Saatvik Solar Industries Private Limited ("SSIPL"), a wholly
owned and material subsidiary of the Company, has commenced commercial production of solar
photovoltaic (PV) modules at its manufacturing facility located at National Highway-16, Chamakhandi,
Gopalpur Industrial Park, Gopalpur, District Ganjam - 761020, Odisha ("Gopalpur Facility") with effect
from November 2, 2026.
The establishment of the Gopalpur Facility forms part of the Objects of the Company’s Initial Public
Offer ("IPO"), as disclosed in the Prospectus dated September 23, 2025, which sets out details of the
proposed 4 GW solar PV module manufacturing facility.
We further wish to inform you that commercial production has commenced under Phase I of the project,
with a production capacity of approximately 1.3 GW of solar PV modules. The remaining capacity is
proposed to be commissioned in subsequent phases.
The commencement of production at the Gopalpur Facility marks a significant milestone in the
Company’s manufacturing expansion plans and is expected to strengthen its production capabilities,
enhance operational scale, and support the Company's future growth as the remaining phases of the
project are implemented.
The same is available on the website of the Company i.e. https://saatvikgroup.com
You are requested to kindly take the above information on your record.
Thanking you,
For Saatvik Green Energy Limited
Jyoti Verma
Company Secretary & Compliance Officer
Saatvik Green Energy 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