Saatvik Green Energy Share Price Up Over 6%; Secures ₹1,041.63 Crore SECI Order for Solar PV Modules

Saatvik Green Energy Limited has received an order worth ₹1,041.63 crore from the Solar Energy Corporation of India (SECI) for the supply of solar photovoltaic (PV) modules, as per an exchange filing dated September 16, 2026.  

The order covers a 600 MWp capacity package, with execution scheduled to be completed by December 2027.  

Details of the Tender 

The company was selected as one of the bidders under a SECI tender for the manufacturing, testing, packing, supply, and transportation of solar PV modules. The tender requires the modules to be manufactured domestically using domestic solar cells.  

Saatvik said the order is based on its ALMM-compliant manufacturing capabilities. The contract adds to its order book and covers supplies for a large-scale government-backed solar project.  

Existing Manufacturing Capacity 

Saatvik operates a 4.86 GW module manufacturing facility in Ambala, Haryana. The company is also developing a greenfield integrated manufacturing facility in Odisha, which is planned to have 4 GW of module capacity and 6 GW of solar cell capacity.  

The Odisha project is being developed in phases. Phase I includes 2.4 GW of solar cell capacity and 4 GW of module capacity, while another 3.6 GW of cell capacity has been proposed for Phase II.  

The company said the Odisha facility is progressing towards ALMM List-II enlistment.  

Impact on Order Book 

The company said the SECI contract will add to its order book and its business in the utility-scale solar segment. The order also involves domestic solar components, matching the requirements of the SECI tender.  

Saatvik has operations across utility-scale, commercial and industrial, EPC, and distributed solar segments. Its current manufacturing base is in Ambala, while the Odisha project is being developed as an integrated cell and module facility.  

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Saatvik Green Energy Share Price Performance  

As of September 16, 2026, 1:08 pm, Saatvik Green Energy share price was trading at ₹414.05, a 6.29% increase from the previous closing price. 

Conclusion 

The ₹1,041.63 crore SECI contract covers 600 MWp of solar PV module supplies. Saatvik is scheduled to execute the order by December 2027, adding another large order to its existing business. 

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