Saatvik Green Energy Wins ₹1,041.63 Crore SECI Order

Saatvik Green Energy Limited has secured a significant order worth ₹1,041.63 crore from Solar Energy Corporation of India Limited (SECI) for the supply of solar photovoltaic modules. This development was disclosed by the company in a regulatory filing dated September 15, 2026, to the BSE Limited and the National Stock Exchange of India Limited.

The order, which is scheduled for execution by December 2027, represents a substantial addition to the company's order book and reinforces its position as a supplier to India's state-backed renewable energy ecosystem. SECI, the contracting entity, operates under the central government's renewable energy framework.

Saatvik Green Energy has clarified that neither its promoter nor promoter group nor group companies holds any interest in SECI, and the transaction does not qualify as a related-party transaction. The company has also stated that the order was both awarded by SECI and formally accepted by Saatvik Green Energy, establishing the commercial engagement for module supply within the stipulated execution period.

The company, which is part of the Saatvik Group, has its corporate office located in Gurugram, Haryana, and its registered office in Bihta, Ambala district. The disclosure was made by Company Secretary and Compliance Officer Jyoti Verma and is available on the company's website.

This order is a significant milestone for Saatvik Green Energy, which has also recently secured a solar cell order worth ₹638.26 crore to be executed by March 2027. The company's shares are listed under BSE scrip code 544526 and NSE symbol SAATVIKGL.

The Indian government has been actively promoting the use of renewable energy sources, and this order is a testament to the growing demand for solar energy in the country. The order book of Saatvik Green Energy has received a significant boost, which is expected to have a positive impact on the company's financial performance.

The execution timeline for the order is scheduled to be completed by December 2027, and the company is expected to supply solar photovoltaic modules to SECI within this timeframe. The exact module capacity, delivery tranches, project locations, payment milestones, and other detailed contractual conditions have not been disclosed by the company.

The order is a significant development for Saatvik Green Energy and is expected to contribute to the company's growth and expansion plans. The company's focus on renewable energy and its commitment to supplying high-quality solar photovoltaic modules have earned it a reputation as a reliable partner in the industry.

In conclusion, the order secured by Saatvik Green Energy from SECI is a significant milestone for the company and is expected to have a positive impact on its financial performance and growth plans. The company's commitment to renewable energy and its focus on supplying high-quality solar photovoltaic modules have earned it a reputation as a reliable partner in the industry.

The development is also significant for the Indian renewable energy sector, which is expected to continue growing in the coming years. The government's initiatives to promote the use of renewable energy sources have created a favorable environment for companies like Saatvik Green Energy to operate and grow.

Overall, the order secured by Saatvik Green Energy is a positive development for the company and the Indian renewable energy sector, and is expected to contribute to the country's efforts to reduce its dependence on fossil fuels and promote the use of clean energy.