Shares of Saatvik Green Energy Ltd soared 6% on 15 October after the company announced securing orders worth Rs 638.85 crore to deliver solar PV modules.

The company’s material subsidiary, Saatvik Solar Industries, secured orders worth ₹638.85 crore from three independent power producers and EPC firms, scheduled for execution by June 2026. Three independent power producers and EPC companies placed the orders, which are expected to be completed by June 2026.

Meanwhile, the company bagged an order worth ₹50.62 crore from renowned independent power producers and EPC firms for the supply of solar PV modules, scheduled for execution by the end of November 2025.

Saatvik Green Energy operates as an integrated solar energy solutions provider, specialising in the manufacturing of high-efficiency photovoltaic (PV) modules and delivering EPC services for utility-scale, commercial, and industrial solar projects.

In an interview, Saatvik Green Energy’s Managing Director, Manik Garg, stated that the company’s priority remains growth while also increasing its margin profile. Garg stated that a margin of 16% to 17% will be realistic.

However, at 12:25 pm, the shares of Saatvik Green Energy shed all their early gains and were trading 1.11% lower at Rs 526.45 on NSE.

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