Shares of Saatvik Green Energy Ltd rallied 5%, hitting a 52-week high of Rs 483 on 8 October after the company announced that it had received orders worth Rs 707 crore.

Saatvik Solar Industries, the company’s subsidiary, has won an order for solar PV modules worth Rs 219.62 crore from three well-known independent power producers/EPCs. The orders will be carried out during the Fiscal Year 26.

In its regulatory filing, the company said, “We wish to inform you that our material subsidiary, i.e., Saatvik Solar Industries Private Limited, has received and accepted an order aggregating to ₹219.62 crore from three renowned Independent Power producers/EPC for supply of solar PV modules.”

Furthermore, the company obtained orders totalling Rs 488 crore from prominent independent power producers/EPCs for the delivery of solar PV modules, which will be completed in FY26.

The Board of Directors of the company are set to meet on 8 October 2025 to evaluate and approve the standalone and consolidated unaudited financial results for the quarter ended 30 June 2025.

Saatvik Green Energy is a leading manufacturer of high-quality solar PV modules, dedicated to advancing solar technology for both domestic and international markets.

The company’s diverse product portfolio includes MonoPERC, Bifacial, and N-TopCon solar modules, tailored for residential, commercial, and utility-scale applications. Since its inception, Saatvik has delivered over 500 high-efficiency solar PV modules across global and domestic markets, reinforcing its reputation for quality and innovation.

As part of its expansion strategy, Saatvik plans to establish an integrated cell and module manufacturing facility in Odisha. The project will include a 4.8 GW per annum solar cell manufacturing unit by FY27 and a 4 GW per annum solar PV module plant by FY26, strengthening its position as a key player in India’s renewable energy sector.

At 11:35 am, the shares of Saatvik Green were trading 4.34% higher at Rs 479.95 on NSE.

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