Haryana base India's leading Solar Module manufacturers Saatvik Green Energy Limited has secured an order worth INR 87.10 crore from a leading independent power producer (IPP) and EPC player for the supply of solar photovoltaic (PV) modules.
The company said the order will be executed by March 2026. While the customer’s name has not been disclosed, the buyer has been described as a reputed IPP/EPC player.
The contract involves the supply of high-efficiency PV modules for a utility-scale solar project in India.
Expanding Manufacturing Footprint
Founded in 2015, Saatvik Green Energy (Saatvik Solar) is an Indian solar PV module manufacturer and EPC service provider with an installed annual module manufacturing capacity of 4.8 GW at its facility in Ambala, Haryana. The company manufactures high-efficiency modules using advanced technologies such as N-TOPCon, bifacial, and monofacial platforms, serving utility-scale, commercial & industrial (C&I), and residential segments.
In line with its growth strategy, the company is expanding its footprint in Odisha, where it plans to set up an additional 4 GW module manufacturing capacity, expected to be operational in FY26. Once commissioned, this expansion will significantly enhance the company’s total manufacturing scale.
Strengthening Vertical Integration
Saatvik has also commissioned a 2 GW in-house EPE (Encapsulant) manufacturing facility, strengthening its vertical integration capabilities. The move is expected to improve supply chain control, enhance quality assurance, and support margin resilience amid evolving market dynamics.
Robust Order Book
The company’s order book currently stands at over 5 GW pluse, providing strong revenue visibility for the coming quarters. The latest ₹87.10 crore order further reinforces its execution pipeline and growing presence in India’s solar value chain.
India’s continued push toward renewable energy capacity expansion, combined with supportive domestic manufacturing policies, is driving sustained demand for module suppliers. Against this backdrop, Saatvik’s capacity expansion, vertical integration initiatives, and growing order book position it to capitalize on the next phase of solar growth in the country.
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