Saatvik Green Energy secures PV module supply contract

Saatvik Green Energy Limited has secured a significant supply agreement to provide PV modules to a prominent IPP/EPC company for energy applications within India. The contract, valued at INR 87.10 crores, is slated for completion by March 2026. This agreement underscores Saatvik's growing position as a key supplier in the domestic solar energy market and reflects the continued demand for locally sourced PV modules within India's expanding renewable energy sector. The deal provides Saatvik with a secured revenue stream and strengthens its relationship with a major industry player. The supply agreement is notable for its size, representing a substantial order for Saatvik Green Energy. While the specific IPP/EPC company remains unnamed, its description as 'renowned' suggests a significant player in the Indian energy landscape. This deal further emphasizes the trend towards domestic manufacturing and supply chains within India's solar sector, driven by government policies and the increasing cost competitiveness of local manufacturers. The successful execution of this contract will be crucial for Saatvik in demonstrating its capabilities and securing future supply agreements.