Saatvik Green Energy Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SAATVIKGL · price
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Saatvik Green Energy's material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted a domestic order worth INR 638.26 Crores from a renowned solar modules manufacturer. The order is for the supply of Solar Cell G12 R Type, classified as a commercial contract, and is to be executed by March 2027. The order has been awarded by a domestic entity, and there is no promoter group or related party interest in the counterparty. The company has disclosed the details as required under SEBI Listing Regulations.
This is a sizeable order win that strengthens the order book of the company's solar cell manufacturing subsidiary and signals continued demand in the domestic solar supply chain. For shareholders, it represents a positive business development, though the impact on stock price will depend on the order's size relative to overall revenue and execution progress.