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Saatvik Green Energy shares rose 7% intraday after it bagged ₹488 crore worth of orders from Independent Power Producers (IPPs) and EPC firms.
Saatvik Green Energy manufactures high-quality solar PV modules, delivering advanced solar technology solutions for both domestic and international markets.
The deets: the orders are for the supply of solar PV modules, scheduled for execution in FY26. Its subsidiary, Saatvik Solar Industries, also secured additional contracts worth ₹219.6 crore from three major IPPs and EPC partners within the same period.
These orders further strengthen the group’s overall order pipeline in the clean energy space.
FYI: the development also comes close after Saatvik’s d-street debut on September 26, which saw a muted listing.
Big theme: India has overtaken Japan to become the world’s third-largest solar power producer, generating over 1,08,000 GWh of solar energy, according to the International Renewable Energy Agency (IRENA).
In simple terms, 1,08,000 GWh of solar power is enough to power over 10 crore homes for a month.
As of July 2025, India’s total solar capacity reached 119 GW, powered by large ground plants, rooftops, hybrid, and off-grid projects. This milestone marks a major step in India’s clean energy journey, as the country works toward its 500 GW non-fossil fuel target by 2030.
