Saatvik Solar Industries, a subsidiary of Saatvik Green Energy, has secured a ₹190 crore order for the supply of solar photovoltaic (PV) modules, the company announced on Monday. This marks the second significant order for the subsidiary in recent weeks, highlighting its growing presence in India’s solar manufacturing sector, according to livemint.com.
The order was confirmed through a regulatory filing by Saatvik Green Energy, although the awarding entity was not disclosed. The company’s shares have experienced volatility since their listing in September 2025 and have mostly traded below the issue price. This new order represents a notable development for Saatvik Solar Industries as it continues to expand its market footprint, livemint.com reported.
India’s solar PV manufacturing industry has been gaining momentum amid government initiatives to boost domestic production and reduce import dependence. Saatvik Solar Industries’ recent ₹190 crore order follows a similar large contract secured weeks earlier, positioning the company among key players benefiting from the sector’s growth. Comparable deals in the solar manufacturing space have underscored the increasing demand for locally produced modules, according to livemint.com.
Saatvik Green Energy’s next quarterly earnings report, expected in late October 2026, will provide further insight into the financial impact of this order and the company’s overall performance in the solar PV segment, as per the company’s regulatory disclosures.