Saatvik Solar Industries Secures ₹190 Crore PV Module Order, Domestic Contract To Be Completed By March 2027
Mumbai: Saatvik Green Energy's subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a Rs 190 crore order for supplying solar photovoltaic modules. The domestic order has been placed by an independent power producer or EPC company. Saatvik did not disclose the customer's name. Order to be completed by March 2027 The solar module order is scheduled to be executed by March…
Mumbai: The subsidiary of Saatvik Green Energy, Saatvik Solar Industries Private Limited, has secured a substantial order for solar photovoltaic modules with a value of Rs 190 crore. The order has been placed by an independent power producer or engineering, procurement, and construction (EPC) company, though the customer's name remains undisclosed. The contract is expected to be fulfilled by March 2027.
Solar photovoltaic modules transform sunlight into electricity and are utilized in projects of various scales, from utility-scale installations to commercial and rooftop setups. Although the company did not divulge the quantity, capacity, delivery schedule, or project location of the order, it could significantly bolster Saatvik Solar Industries' revenue throughout the fulfillment period.
However, the financial impact would hinge on the order fulfillment, payment conditions, and the specific terms negotiated with the customer.
Recognized as a prominent independent power producer or EPC player, the customer's demand for solar equipment underscores the growing domestic renewable energy sector in India. The order does not indicate whether the modules will be deployed for a single project or across multiple sites, nor does it disclose any potential related-party relationship between Saatvik Solar Industries and the entity that awarded the contract.
The company has confirmed that no such affiliation exists, and the deal is secure from a non-related customer.
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