Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Limited, has received and accepted an order worth Rs 476 crore from Vikram Engineering Limited for the supply of solar photovoltaic modules.
The company said the order will be executed by March 2027. The contract adds to Saatvik Solar’s module supply pipeline and comes amid continued expansion in India’s solar power capacity and demand for domestically supplied photovoltaic equipment.
The order covers the supply of solar PV modules, which form a key component of utility-scale and distributed solar projects. The latest contract also strengthens Saatvik Green Energy’s presence in the domestic solar manufacturing and equipment supply market.
The company has not disclosed the module capacity covered under the order or the specific project for which the equipment will be supplied.