Business Update13 Aug 2026, 12:25 pm
Saatvik Green Energy Subsidiary Secures ₹476 Cr Solar Module Order
AI Summary
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Ltd, has received and accepted a significant order worth INR 476 Crores from Vikran Engineering Limited. The order is for the supply of Solar PV Modules and is expected to be executed by March 2027. This commercial contract is with a domestic entity, and there is no interest from promoters or group companies in the awarding entity. The transaction is not considered a related party transaction.
Key Highlights
- Subsidiary receives INR 476 Cr order for Solar PV Modules.
- Order from domestic entity Vikran Engineering Limited.
- Execution timeline set for completion by March 2027.
- No promoter or group company interest in the awarding entity.
- Transaction is commercial and not a related party deal.
Price Impact
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