Saatvik Green Energy secures new order worth ₹190 crore; shares in focus

The order that involves supply of solar photovoltaic (PV) modules to an independent power producer and EPC player is expected to be executed by March 2027.

The commercial order is worth ₹190 crore and will be supplied by Saatvik Solar Industries Private Limited, a material subsidiary of the company.

Further, this week, Saatvik Solar Industries had signed an initial pact with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) for setting up a 3.6 GW solar cell manufacturing facility at Gopalpur, in Odisha.

The project is also expected to create employment opportunities and support the development of the wider industrial ecosystem in the region.

As of June 30, 2026, Saatvik Green Energy’s confirmed order book stood at 6.35 GW, equivalent to approximately 132% of installed module capacity.

In the remainder of FY27, the company will aim to focus on manufacturing scale-up, order execution, portfolio diversification and deeper value chain integration.

Saatvik Green Energy Q1 earnings

Saatvik Green Energy had posted a 95.45% decline in consolidated net profit to ₹5.3 crore, impacted by weak revenues. The company had posted a net profit of ₹116.6 crore in the same quarter a year ago.

Its revenue from operations had also decreased to ₹511 crore from ₹915.7 crore in the April-June period of the preceding fiscal.

Saatvik Green Energy share price trends

On Thursday, Saatvik Green Energy shares closed at ₹401 apiece on the National Stock Exchange, rising 0.39%. The development, however, came after the market hours.

Over a month’s time, the stock has slipped 13%, while it has fallen 0.4% in the last six months. From the beginning of the year, Saatvik Green Energy shares have climbed 7%.

Shares of the company had touched their one-year high of ₹567 apiece on October 10, 2025, while their 52-week low of ₹328 was hit on March 9, 2026.

According to NSE data, as of August 20, 2026, Saatvik Green Energy has a total market capitalisation of ₹5,103.27 crore.