Saatvik Green Energy and its subsidiary, Saatvik Solar Industries, have landed new solar PV module supply orders worth ₹689.47 crore (€76.6 million) from Independent Power Producers (IPPs) and EPC developers across India. The projects are set for completion between November 2025 and June 2026.

Of the total, ₹50.62 crore (€5.6 million) will be executed directly by Saatvik Green Energy, while ₹638.85 crore (€71 million) will be delivered through its subsidiary. The deals strengthen the firm’s revenue outlook and highlight growing confidence among large-scale renewable energy developers in India’s maturing solar market.

Saatvik, one of India’s leading integrated solar-energy solution providers, currently operates a 3.8 GW module capacity with an additional 1 GW expansion underway in Haryana. It is also developing a new greenfield facility in Odisha with 4 GW module and 4.8 GW solar cell production capability — a major step toward domestic manufacturing scale and supply chain resilience.

CEO Prashant Mathur said the strong order book demonstrates long-term partner confidence and positions the company for sustained growth. The contracts will contribute to India’s ongoing efforts to accelerate renewable deployment and reduce reliance on imported solar components.

As policy and private capital align behind India’s clean energy targets, Saatvik’s latest win underlines the strategic role of local manufacturing in advancing industrial decarbonisation and energy independence.

Explore the full article for insights into Saatvik’s capacity expansion and India’s growing solar investment momentum.