Saatvik Solar Industries has secured an order for delivering advanced solar cells worth Rs 638.26 crore. This is an indicator of increasing demand for high-tech solar products in the Indian market.
Major Order Secured
Saatvik Green Energy Ltd’s subsidiary, Saatvik Solar Industries Pvt. Ltd., has secured a significant order worth Rs 638.26 crore. Under this order, the company will be delivering high-tech G12R solar cell modules to a renowned solar module manufacturing company. The company is targeting delivering the products by March 2027.
This not only adds more strength to Saatvik’s growing order book but also provides more visibility in terms of long-term revenue growth. This is also an indicator of strong customer trust in the company’s ability to deliver quality products on time.
Focus on Advanced Technology
The company will be using G12R TOPCon (DCR) technology for delivering high-quality solar modules. Currently, the company’s production capacity is around 600 MWp. The company is constantly growing its production capacity to meet the ever-increasing demand for solar products in both commercial and utility-scale markets.
This order is also in line with the company’s plans to grow its solar cell manufacturing business using next-generation technologies.
Growth of the industry and company vision:
On this development, Mr. Prashant Mathur, CEO, Saatvik Green Energy Limited, said, “This order is a testament to the industry’s growing trend towards high-efficiency solar cell technologies. It also underscores our commitment to enabling the clean energy revolution in India with high-performance solutions.”
The deal is expected to strengthen the company’s presence in the solar industry in India, which is in line with the government’s initiative of making the country self-sufficient in clean energy through the ‘Make in India’ initiative. With several such orders in the pipeline, the company is expected to contribute to sustainable growth in the industry.
