New Launch25 Mar 2026, 05:41 pm
Saatvik Solar Industries Private Limited, Subsidiary of Saatvik Green Energy Ltd, Leases 185 Acres of Land for Power and Renewable Energy Equipment Manufacturing
AI Summary
Saatvik Solar Industries Private Limited, a material subsidiary of Saatvik Green Energy Ltd, has entered into a lease deed with M P Industrial Development Corporation Limited for 185 acres of land in the Manufacturing Zone for Power and Renewable Energy Equipment. The lease tenor is 99 years, and the lease deed was executed at Plot No. 5, Industrial Area, Mohasa–Babai, Phase 2, Tehsil Makhan Nagar, District Narmadapuram. The purpose of the agreement is to support future capacity expansion and operational synergies with the existing facility, thereby strengthening the company's long-term growth strategy.
Key Highlights
- Saatvik Solar Industries Private Limited leases 185 acres of land for Power and Renewable Energy Equipment manufacturing
- Lease tenor is 99 years
- Land is located at Plot No. 5, Industrial Area, Mohasa–Babai, Phase 2, Tehsil Makhan Nagar, District Narmadapuram
- The purpose of the agreement is to support future capacity expansion and operational synergies
- The lease deed was executed with M P Industrial Development Corporation Limited