Date: September 16, 2026

Order & Contract Details

Saatvik Green Energy Limited has received and accepted a major order from Solar Energy Corporation of India Limited (SECI) for the supply of Solar PV Modules.

  • Order Value: ₹1,041.63 crores
  • Capacity: 600 MWp
  • Scope: Manufacturing, testing, packing, supply, and transportation of domestically manufactured solar PV modules using domestic solar cells
  • Execution Timeline: Scheduled to be executed by December 2027
  • Tender Requirements: ALMM-compliant manufacturing capabilities using domestically sourced solar equipment

Strategic Context & Manufacturing Capabilities

The order underscores SECI's confidence in Saatvik's manufacturing capabilities, product quality, and execution track record. The selection validates the company's ALMM-compliant manufacturing capabilities and readiness to serve large-scale government infrastructure projects.

Current Manufacturing Facilities:

  • 4.86 GW module manufacturing facility in Ambala, Haryana

Expansion Plans:

  • Integrated manufacturing facility in Odisha
  • Phase I: 2.4 GW of cell and 4 GW of module capacity
  • Phase II: Proposed 3.6 GW of cell capacity (additional)
  • Total planned capacity: 6 GW solar cell capacity and 4 GW module capacity in Odisha

The Odisha cell facility is progressing towards ALMM List-II enlistment, which would strengthen the company's ability to meet evolving domestic-content requirements.

Management Commentary

Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, commented that this order represents significant momentum behind domestic manufacturing and the shift toward a more integrated and self-reliant solar value chain. He emphasized that this validates the company's manufacturing strategy, execution capabilities, and conviction in building a globally competitive, integrated solar manufacturing platform from India.

Business Impact

  • Material addition to Saatvik's order book
  • Consolidates the company's position as a preferred supplier in the utility-scale solar segment
  • Aligns with India's 'Make in India' initiative for energy self-sufficiency
  • Supports the growing domestic solar manufacturing ecosystem