Saatvik Green Energy Limited has submitted a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding a significant contract award to its material subsidiary.
The disclosure confirms that Saatvik Solar Industries Private Limited, a material subsidiary of the company, has received and accepted a new order valued at ₹190 Crores. The order was awarded by a renowned independent power producer/EPC player for the supply of solar PV modules.
Contract Details:
- Order Value: ₹190 Crores
- Nature of Contract: Commercial supply of solar photovoltaic modules
- Counterparty: Renowned independent power producer/EPC player (domestic entity)
- Execution Timeline: The order will be executed by March 2027
- Entity Relationship: No promoter/promoter group/group companies have any interest in the entity that awarded the order
- Related Party Status: Does not qualify as a related party transaction