Synopsis:
Green Energy stock received Rs. 17.99 crore domestic orders from a reputed Independent Power Producer for supplying solar PV modules, to be executed by December 2025, with no related party involvement.
This company is a leading solar energy company in India engaged in manufacturing high-efficiency solar photovoltaic (PV) modules is now in the focus after its subsidiary secured an order worth Rs. 17.99 cr.
With market capitalization of Rs. 6,458 cr, the shares of Saatvik Green Energy Limited are currently trading flat at Rs. 507 per share, from its previous closing price.
Order Update
Saatvik Green Energy Limited (formerly Saatvik Green Energy Private Limited) has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted orders worth Rs. 17.99 crore from a renowned Independent Power Producer (IPP) for the supply of solar PV modules.
The orders are domestic and classified as repeated contracts, reflecting continued business engagement with the client. The project is scheduled for completion by December 2025.
This development underscores Saatvik’s growing presence in India’s renewable energy equipment supply chain and strengthens its market position in the solar power sector. The company has a strong current order book of 4.05 GW for solar PV modules, supporting its growth momentum.
About the company
Saatvik Green Energy Limited, formerly known as Saatvik Green Energy Private Limited, is a leading solar energy company and part of the Saatvik Group. Headquartered in Gurugram, Haryana, the company specializes in manufacturing high-quality solar PV modules and providing sustainable energy solutions. With a strong focus on innovation, reliability, and clean energy, Saatvik has established itself as a trusted name in India’s renewable energy sector, contributing to the nation’s green transition.
In Q1FY26, the company reported Revenue from Operations of Rs. 915.7 crore, marking a 272.28% year-on-year growth. EBITDA stood at Rs. 181.1 crore, up 346.04% year-on-year, with a margin of 25.98%.
Profit After Tax was Rs. 118.8 crore, reflecting a 459.30% year-on-year increase. The company posted a Return on Equity (ROE) and Return on Capital Employed (ROCE) of 94.1% and 52.3% respectively.
The company’s IPO, which debuted on September 26, 2025, at an issue price of Rs. 465 per share on the NSE, was oversubscribed and has since gained 22%, reaching a high of Rs. 567 reflecting strong investor confidence in India’s rapidly growing green energy sector.
Written by Manideep Appana
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