Shares of Saatvik Green Energy jumped nearly 5%, touching an all-time high of ₹482.95 on the Bombay Stock Exchange after the company announced major new solar orders worth ₹707 crore.
The buying spree came right after the company and its subsidiary, Saatvik Solar Industries, secured multiple deals to supply solar photovoltaic (PV) modules to leading Indian power producers and EPC firms.
In a regulatory filing, Saatvik said its subsidiary received orders worth ₹219.62 crore, while the parent company bagged another ₹488 crore order. Both projects will be completed in FY26.
Saatvik Green Energy is known for making high-quality solar PV modules, including MonoPERC, Bifacial, and N-TopCon panels. These solar modules are used in homes, offices, and large solar farms in India and other countries.
The company is also expanding rapidly; it plans to set up a 4.8 GW solar cell manufacturing unit in Odisha by FY27, along with a 4 GW solar module plant by FY26.
Since it started, Saatvik has supplied more than 500 high-quality solar modules for projects in India and other countries, making it one of the fastest-growing solar companies in the country.
With these new orders, Saatvik Green Energy is further strengthening its place in India’s growing renewable energy market.
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