Mumbai, Mar 30: Saatvik Green Energy Limited’s subsidiary, Saatvik Solar Industries Private Limited, today announced that it has received and accepted an order aggregating to Rs 638.26 crores for the supply of advanced Solar Cell G12 R Type modules from a reputed solar modules manufacturer. The order is scheduled to be executed by March 2027.
The supply will leverage advanced G12R TOPCon technology, known for its high efficiency and performance in large-scale solar applications. With a cumulative production capacity of up to 600 MWp, the Company continues to scale its manufacturing capabilities to meet rising demand across utility-scale and commercial solar projects. This order also aligns with company’s expansion plans of strengthening its cell manufacturing footprint.
Commenting on the development, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said,
“This order reflects the growing industry shift towards high-efficiency solar cell technologies and reaffirms our commitment to supporting India’s clean energy transition through reliable, high-performance solutions. We continue to invest in advanced manufacturing and strengthen our capabilities to meet evolving market requirements.”
The order further strengthens Saatvik’s position as a key player in the domestic solar value chain, particularly in the high-growth solar cell segment. It also aligns with India’s broader push for self-reliance in renewable energy manufacturing under the ‘Make in India’ initiative. With a strong pipeline of orders and ongoing investments in next-generation technologies, Saatvik remains focused on expanding its integrated manufacturing footprint and delivering sustainable growth across the renewable energy sector.
This substantial win highlights increasing demand for high-efficiency, domestically manufactured solar components and underscores strong customer confidence in Saatvik’s technological capabilities, quality standards, and execution reliability. The order also strengthens the Company’s forward order book and provides long-term revenue visibility.
