Saatvik Green Energy Limited has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured a significant domestic commercial order valued at INR 71.25 Crores. The contract, awarded by a renowned Independent Power Producer (IPP)/EPC player, involves the supply of Solar PV Modules. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The details of the order indicate that the project is domestic in nature and must be executed by May 2026. The company has confirmed that none of its promoters or group companies have any interest in the entity that awarded the contract, and the transaction does not fall under related party transactions. This new mandate further strengthens the company’s revenue visibility and its position in India’s expanding renewable energy market.

Saatvik Green Energy Limited is a leading Indian solar photovoltaic (PV) module manufacturer and EPC service provider headquartered in Gurugram. Founded in 2015, the company operates a state-of-the-art manufacturing facility in Ambala, Haryana, with an annual production capacity of 4.8 GW. In 2025, Saatvik was ranked among the top five solar module suppliers in India, accounting for approximately 5% of annual module shipments during a year that saw record project installations nationwide. The company is currently expanding its footprint by developing a greenfield integrated manufacturing facility in Odisha with a planned capacity of 4 GW for modules and 4.8 GW for solar cells.

The company reported robust financial growth in its latest quarterly results for Q3 FY26 (ended December 31, 2025), with revenue reaching INR 1,257.02 Crores, a 143% YoY increase. Profit After Tax (PAT) for the same period stood at INR 98.72 Crores, reflecting a 144% YoY growth. On a sequential (QoQ) basis, revenue jumped 62% from INR 783.18 Crores, while profitability rose 18.6% from INR 83.24 Crores. The company’s growth is supported by a strong institutional investor base, including anchor investors such as HDFC Mutual Fund, Nippon India Mutual Fund, and Bandhan Mutual Fund.