{"id":162592,"date":"2025-11-17T15:20:23","date_gmt":"2025-11-17T15:20:23","guid":{"rendered":"https:\/\/www.pv-tech.org\/?p=162592"},"modified":"2025-11-17T15:20:25","modified_gmt":"2025-11-17T15:20:25","slug":"saatvik-solar-secures-pv-module-orders-worth-us19-9-million","status":"publish","type":"post","link":"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/","title":{"rendered":"Saatvik Solar secures PV module orders worth US$19.9 million\u00a0"},"content":{"rendered":"\n
\"\"
These orders have been placed by undisclosed independent power producers (IPPs) and engineering, procurement, and construction (EPC) companies. Image: Saatvik Green Energy.<\/figcaption><\/figure>\n\n\n\n

Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has signed\u00a0solar\u00a0PV module orders worth INR1.77\u00a0billion\u00a0(US$19.9 million).\u00a0<\/p>\n\n\n\n

According to\u00a0Saatvik, these\u00a0orders\u00a0have\u00a0been placed by an undisclosed\u00a0independent\u00a0power\u00a0producers (IPPs) and\u00a0engineering, procurement, and construction (EPC) companies. The timeline for the order was not\u00a0disclosed.\u00a0<\/p>\n\n\n\n

\u202fPrashant Mathur, CEO of Saatvik Green Energy, said the INR1.77 billion addition boosts order book visibility for the coming quarters and highlights growing demand for Saatvik\u2019s high-efficiency modules.\u00a0<\/p>\n\n\n\n

Founded in 2016, Saatvik Green Energy currently\u00a0operates\u00a03.8GW of annual nameplate module manufacturing capacity, with an\u00a0additional\u00a01GW under expansion at its Ambala, Haryana facility. Saatvik is also developing a greenfield project in Odisha, which will include 4GW of module and 4.8GW of solar cell manufacturing capacity.\u00a0\u00a0\u00a0<\/p>\n\n\n\n

In the past few months, Saatvik Solar has secured multiple solar PV module orders from several repeat EPC partners and IPPs. <\/p>\n\n\n\n

In November 2025, the company received INR2.99 billion (US$33.7 million)<\/a> in new orders, scheduled for delivery between December 2025 and March 2026.  <\/p>\n\n\n\n

Previously,\u00a0Saatvik signed INR6.89 billion (US$78 million)<\/a>\u00a0in module orders, including a direct INR500 million\u00a0contract\u00a0for the parent company and INR6.38 billion for its subsidiary, Saatvik Solar.\u00a0<\/p>\n\n\n\n

Additionally, in the same month, Saatvik Green Energy secured over INR7 billion (US$84 million)<\/a> in new module orders for delivery within the financial year. The parent company booked INR4.88 billion, while its subsidiary, Saatvik Solar, added INR2.19 billion. The orders, from repeat EPC and IPP clients, were not attributed to specific names. <\/p>\n","protected":false},"excerpt":{"rendered":"

Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured\u00a0solar\u00a0PV module orders worth INR1.77\u00a0billion\u00a0(US$19.9 million).\u00a0<\/p>\n","protected":false},"author":189,"featured_media":160961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[243,72,95,13304,3624],"paywall-tags":[],"regions":[30,31],"industry-segments":[8,14],"class_list":["post-162592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-india","tag-pv-modules","tag-pv-power-plants","tag-saatvik-solar","tag-supply-deal","regions-asia-oceania","regions-southeast-asia-oceania","industry-segments-manufacturing","industry-segments-modules"],"acf":[],"yoast_head":"\nSaatvik Solar secures PV module orders worth US$19.9 million\u00a0 - PV Tech<\/title>\n<meta name=\"description\" content=\"Saatvik Solar Industries has secured\u00a0solar\u00a0PV module orders worth INR1.77\u00a0billion\u00a0(US$19.9 million) from anonymous EPCs and IPPs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saatvik Solar secures PV module orders worth US$19.9 million\u00a0\" \/>\n<meta property=\"og:description\" content=\"Saatvik Solar Industries has secured\u00a0solar\u00a0PV module orders worth INR1.77\u00a0billion\u00a0(US$19.9 million) from anonymous EPCs and IPPs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\" \/>\n<meta property=\"og:site_name\" content=\"PV Tech\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/PV-Tech\/360525490632679\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-17T15:20:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-17T15:20:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/2025\/10\/solar-panel-saatvik-group.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"597\" \/>\n\t<meta property=\"og:image:height\" content=\"408\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shreeyashi Ojha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pv_tech\" \/>\n<meta name=\"twitter:site\" content=\"@pv_tech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shreeyashi Ojha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\"},\"author\":{\"name\":\"Shreeyashi Ojha\",\"@id\":\"https:\/\/www.pv-tech.org\/#\/schema\/person\/330ef404bc3eb519d90bc4dc8a4662d4\"},\"headline\":\"Saatvik Solar secures PV module orders worth US$19.9 million\u00a0\",\"datePublished\":\"2025-11-17T15:20:23+00:00\",\"dateModified\":\"2025-11-17T15:20:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\"},\"wordCount\":289,\"publisher\":{\"@id\":\"https:\/\/www.pv-tech.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pv-tech.org\/wp-content\/uploads\/2025\/10\/solar-panel-saatvik-group.jpg\",\"keywords\":[\"india\",\"pv modules\",\"pv power plants\",\"Saatvik Solar\",\"supply deal\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pv-tech.org\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\",\"url\":\"https:\/\/www.pv-tech.org\/saatvik-solar-secures-pv-module-orders-worth-us19-9-million\/\",\"name\":\"Saatvik Solar secures PV module orders worth US$19.9 million\u00a0 - 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