Press Releases
Official announcements from Saatvik Green Energy — order wins, capacity expansions, financial results, awards and corporate milestones, archived by year and month.
2026
19 releases
August
02
CorporateSaatvik Solar Industries Applies for ALMM List-II Enlistment for Its 2.4 GW Odisha Solar Cell Facility
Saatvik Solar Industries is advancing its 2.4 GW cell manufacturing facility at Ganjam, Odisha towards ALMM List-II enlistment — covering Monocrystalline Bifacial N-TOPCon G12R cells under the Domestic Content Requirement category.
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CorporateSaatvik Solar Signs MoU with Odisha Government for 3.6 GW Phase II Cell Facility; Phase-I Cell & Module Plant Ready for Commissioning
Saatvik Solar has signed an MoU with the Government of Odisha to establish a 3.6 GW solar cell manufacturing facility at Gopalpur, Ganjam district, building on the Phase I cell and module plant now advancing towards commissioning.
Read MoreJune
04
AwardsSaatvik Green Energy Ltd Secures First-Ever EcoVadis Bronze Medal, Marking a Major Sustainability Milestone
Saatvik Green Energy Ltd Secures First-Ever EcoVadis Bronze Medal, Marking a Major Sustainability Milestone Saatvik Green Energy Ltd earns EcoVadis Bronze Medal with a score of 69/100, ranking in the 79th percentile glob
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AwardsSaatvik Green Energy Limited Wins Golden Peacock Occupational Health & Safety Award 2026
Saatvik Green Energy has been conferred the Golden Peacock Occupational Health & Safety Award 2026 in the Power (Renewable) Sector by the Institute of Directors, recognising its safety record across the 4.8 GW Ambala manufacturing operations.
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AwardsSaatvik Green Energy Ranked Among Top 25 Global Solar PV Module Manufacturers by Wood Mackenzie; Secures 4th Position in India
New Delhi, June 11, 2026: Saatvik Green Energy Limited, one of India’s leading solar PV module manufacturers, has been ranked among the Top 25 Global Solar PV Module Manufacturers in the latest 2026 assessment released b
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AwardsSaatvik Green Energy Limited Honored with 'Brand of the Year' Award at India Power & Renewable Leadership Awards 2026
Gurugram, 5 th June 2026 : Saatvik Green Energy Limited, one of India’s leading solar PV module manufacturers, has been conferred with the prestigious ‘Brand of the Year’ award at the India Power & Renewable Leadership A
Read MoreMay
02
OrdersSaatvik Green Energy Bags ₹171.45 Crores Order for Supply of Solar Modules for a Utility-Scale Solar Project
Received an order worth ₹171.45 crore for the supply of high efficiency Topcon Solar PV Module Order to be executed by October 2026. This win further strengthens Saatvik’s growing order book and reaffirms its standing as
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FinancialSaatvik Green Energy Crosses ₹45,484 Mn in FY26 Revenue, Emerges as India's Integrated Renewable Powerhouse
Editor’s Synopsis FY26 revenue from operations grew by 111% YoY to ₹45,484 Mn, marking the Company’s highest-ever annual revenue performance. Q4 FY26 revenue from operations stood at ₹16,077 Mn, reflecting 75% YoY growth
Read MoreApril
02
CorporateSaatvik Green Energy Enters into Power Equipment Manufacturing Acquiring 80% Stake in Melcon Transformers
Solar energy firm signals shift from pure-play generation to a broader energy infrastructure Editors’ Synopsis Saatvik Green Energy Limited acquires 80% equity stake in Melcon Transformers and Electricals Private Limited
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OrdersSaatvik Solar Secures ₹108.75 Crore Order from Domestic IPP
Received an order worth Rs 108.75 crore for the supply of Solar PV Modules from a renowned domestic Independent Power Producer. Order scheduled to be executed by September 2026. This win reinforces Saatvik’s strong posit
Read MoreMarch
03
OrdersSaatvik Solar Industries Bags ₹638.26 Crore Order, Powering Saatvik Green Energy’s Growth Momentum
Secured a Rs 638.26 crore order for the supply of G12R solar cells, with execution scheduled by March 2027. Order will be delivered using advanced G12R TOPCon (DCR) technology, supporting high-efficiency solar deployment
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CSRSaatvik Green Energy Supports Blood Center at Dr. Jai Dev Memorial Rotary Ambala Hospital
Editor’s Synopsis Saatvik Green Energy Limited has supported the development of a Blood Center at Dr. Jai Dev Memorial Rotary Ambala Hospital through a CSR grant. The initiative aims to strengthen healthcare infrastructu
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CorporateSaatvik Green Energy Launches Energy Storage Arm ‘Saatvik Power Storage Solutions Limited’ to Expand Beyond Solar Manufacturing
Editor’s Synopsis Saatvik Green Energy Limited has incorporated a wholly owned subsidiary, Saatvik Power Storage Solutions Limited, in India. The subsidiary will focus on batteries and energy storage systems, strengtheni
Read MoreFebruary
02
CorporateSaatvik Green Energy’s Subsidiary to Acquire 49% Stake in Intelligent Hydel Solutions Private Limited
Move Marks Saatvik entry into the IPP business with a 41 MW PPA-backed project in Maharashtra, advancing its shift from solar manufacturing and EPC to a fully integrated renewable energy platform. Editor’s Synopsis Saatv
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FinancialQ3 & 9M FY26 Earnings Release
Saatvik Green Energy Limited delivers strong Q3 & 9M FY26 performance; driven by higher volumes, disciplined cost management and operating efficiency Robust Order Book of 5.05 GW Gurugram, February 4 th , 2026: Saatvik G
Read MoreJanuary
03AwardsSaatvik Green Energy’s Subsidiary Wins ₹10.15 Crore Order, Reinforcing Its Position in India’s Solar Manufacturing Market
Gurugram, 22nd January, 2026 : Saatvik Green Energy Limited today announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted orders aggregating to ₹10.15 crores for the su
Read MoreOrdersSaatvik Green Energy Subsidiary Secures ₹13.80 Crore Solar Module Supply Order
Gurugram, 12 th January, 2026: Saatvik Green Energy Limited today announced that its material subsidiary, Saatvik Solar Industries Private Limited, has secured an order worth ₹13.80 crores from a renowned Independent Pow
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OrdersSaatvik Green Energy Subsidiary Secures ₹20.84 Crore Solar EPC Order
Gurugram, 9th January 2026: Saatvik Green Energy Limited announced that its wholly-owned subsidiary, Saatvik Cleantech EPC Private Limited, has secured a significant order worth ₹20.84 crores from a renowned solar develo
Read More2025
27 releasesDecember
08
OrdersSaatvik Green Energy Limited Secures Additional approximately ₹16.74 Crore Solar Pump Order from MSEDCL; Total Order Value Rises to approximately ₹30.24 Crore
Gurugram | December 24, 2025: Saatvik Green Energy Limited, one of India’s fastest-growing renewable energy companies, has received an additional order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) fo
Read MoreCorporateSaatvik Green Energy Limited Commissions 2 GW In-House EPE Film Manufacturing Facility, Strengthening Vertical Integration and Advancing ‘Make in India’ Leadership
Ambala, Haryana | Dec 23: Saatvik Green Energy Limited (SGEL), one of India’s fastest growing and fully integrated renewable energy manufacturing companies, has successfully commissioned and operationalized a 2 GW in-hou
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OrdersSaatvik Green Energy Secures ₹13.50 Crore Order for 815 Solar Water Pumps from MSEDCL under PM-KUSUM Scheme
Gurugram | December 22, 2025. Saatvik Green Energy Limited, one of India’s fastest-growing renewable energy companies, has received an order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the desig
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OrdersSaatvik Secures ₹486 Crore Solar Module Order from Renowned IPP/EPC Player
Gurugram | December 22, 2025. Saatvik Green Energy Limited, one of India’s fastest-growing renewable energy companies, has announced that its material subsidiary, Saatvik Solar Industries Private Limited, has received an
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AwardsSaatvik Green Energy Founders Neelesh Garg and Manik Garg Featured in Hurun India’s Top 200 Self-Made Entrepreneurs of the Millennia 2025
Gurugram, India, Dec 22. Saatvik Green Energy Limited, one of India’s leading integrated renewable energy companies, announced that its founders, Manik Garg and Neelesh Garg, have been featured in IDFC FIRST Private Bank
Read MoreCorporateAbani Kant Jha Appointed Chairman of ASSOCHAM CFO Council
Gurgaon| Dec 20. Abani Kant Jha, Group Chief Financial Officer of Saatvik Green Energy Limited, has been appointed Chairman of the CFO Council of ASSOCHAM. As Chairman of the ASSOCHAM CFO Council, he will lead engagement
Read MoreCorporateSaatvik Green Energy Limited Commissions 2 GW In-House EPE Film Manufacturing Facility, Strengthening Vertical Integration and Advancing ‘Make in India’ Leadership
Ambala, Haryana | Dec 15: Saatvik Green Energy Limited (SGEL), one of India’s fastest growing and fully integrated renewable energy manufacturing companies, has successfully commissioned and operationalized a 2 GW in-hou
Read MorePress ReleaseSaatvik Green Energy Limited achieves prestigious CII-IGBC Green Factory Building silver rating for its Ambala manufacturing facility
Ambala / Gurugram, November 28, 2025. Saatvik Green Energy Limited, one of India’s fastest-growing and fully integrated solar PV module manufacturers, has been awarded the prestigious IGBC Green Factory Building Silver R
Read MoreNovember
11
Press ReleaseMr. Abani Kant Jha, CFO
Gurgaon | June 18, 2025 — Saatvik Green Energy Limited is proud to announce that Mr. Abani Kant Jha, Group Chief Financial Officer, has been conferred the prestigious ‘Best CFO in Manufacturing’ title at the 8th Edition
Read MoreFinancialUnaudited Financial Results for the Quarter Ended June 30, 2025 (Q1 FY 26)
Gurugram, October 8, 2025 . Saatvik Green Energy Limited (“Saatvik” / “the Company”), one of India’s leading integrated solar-energy solutions providers, announced its unaudited financial results for the quarter ended Ju
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OrdersSaatvik Solar Industries Pvt. Ltd., material subsidiary of Saatvik Green Energy Limited, secures orders worth Rs 177.50 crores for supply of Solar PV Modules
Gurugram, November 17, 2025: Saatvik Green Energy Limited, one of India’s leading integrated solar-energy solutions providers, announced that its material subsidiary, Saatvik Solar Industries Private Limited, has receive
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OrdersSaatvik Green Energy Limited’s Material Subsidiary Secures Orders Worth ₹299.40 Crore for Supply of Solar PV Modules
Repeat orders from leading IPPs and EPC players reinforce Saatvik’s position as a trusted partner in India’s energy transition Gurugram, November 06, 2025. Saatvik Green Energy Limited (“Saatvik” / “the Company”), one of
Read MoreFinancialSaatvik Green Energy Limited Delivers 133% Revenue Growth and 145% Profit Surge in H1 FY26. A Record-Breaking Half Year: Strong Q2 Momentum, Expanding Capacity, and New Product Launches Signal Saatvik’s Next Phase of Growth
H1 FY26 revenue from operations more than doubles to ₹16,838 Mn from ₹7,213 Mn in H1 FY25 (+133% YoY). H1 FY26 PAT surges over 146% YoY to ₹2,021 Mn compared to ₹823 Mn in H1 FY25. Q2 FY26 performance remains strong with
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EventsSaatvik Green Energy Limited to Showcase its Next-Generation Solar Modules and Inverters at REI Expo 2025
The participation marks another significant milestone in Saatvik’s journey toward offering end-to-end, Made-in-India clean energy solutions designed for homes, businesses, and utility-scale developers.
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OrdersSaatvik Green Energy Limited and its material subsidiary Saatvik Solar Industries Pvt Ltd. receive orders worth ₹689.47 crores for supply of Sslar PV Modules
Gurugram, October 15, 2025: Saatvik Green Energy Limited, one of India’s leading integrated solar-energy solutions providers, announced that it has received and accepted new orders aggregating to ₹689.47 Crores for the s
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CorporateUDAY Series Ushers Saatvik Green Energy Limited into Full-Spectrum Solar Solutions, Saatvik Green expands from solar manufacturing to ecosystem solutions, supporting India’s renewable energy goals
Editor’s Synopsis Saatvik Green Energy launches the UDAY Series , its first line of on-grid solar inverters. It marks a strategic shift from module manufacturing to comprehensive solar solutions for homes, businesses, an
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CSRSaatvik Green Energy Limited Empowers Itawa Bhopji Community with Clean Water, Safety, and Digital Education Initiatives
Itawa Bhopji, Rajasthan | August 8, 2025 In a dedicated effort to strengthen rural infrastructure and empower local communities, Saatvik Green Energy Limited has inaugurated three impactful Corporate Social Responsibilit
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AwardsSaatvik Green Energy Limited receives Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for installation of 1500 Solar Water Pumps in Maharashtra
Gurugram, India | Aug 29, 2025 : Saatvik Green Energy Limited has received Letter of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for installation of 1,500 solar water pumping syst
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CorporateSaatvik Green Energy Limited (“SGEL”), proudly announces the appointment of Bollywood superstar Kartik Aaryan as its official brand ambassador
The journey began with an impromptu conversation between SGEL’s Chairman and Managing Director, Neelesh Garg; Managing Director, Manik Garg; and Chief Executive Officer Prashant Mathur. What started as a casual discussio
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June
02CorporateSaatvik Solar Industries Private Limited Breaks Ground on the integrated 4.80 GW Solar Cell and 4.00 GW Module Manufacturing Facility in Odisha
Gopalpur, Odisha | [June 05, 2025] — Marking a major milestone in India’s renewable energy journey, Saatvik Solar Industries Private Limited (“SSIPL”), a wholly owned subsidiary of Saatvik Green Energy Limited (“SGEL”) t
Read MoreCorporateSaatvik Solar Industries Private Limited Commences Ground Activities for its Upcoming integrated cell and module Manufacturing Facility in Odisha
Gopalpur, Odisha | June 3 — Saatvik Solar Industries Private Limited (“SSIPL”), a wholly owned subsidiary of Saatvik Green Energy Limited (“SGEL”) today announced the commencement of ground activities for setting up of a
Read MoreMay
04
CSRSaatvik Green Energy Celebrates 10 Glorious Years of Clean Energy Excellence
Gurgaon, May 29, 2025 — Saatvik Green Energy Limited (“SGEL”), one of India’s fastest growing module manufacturing companies in India, marks a significant milestone today as it celebrates its 10-year anniversary. Founded
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AwardsSaatvik Green Energy Limited Certified as a Great Place to Work® for 2025–2026
Gurugram, India – May 21, 2025: Saatvik Green Energy Limited (SGEL) , one of India’s fastest growing module manufacturing companies, has been certified as a great workplace for the period April 2025 to April 2026, under
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EventsSaatvik Green Energy Limited Showcases Innovation and Partnership at UP Energy Expo 2025
Gurugram, India – May 11, 2025: Saatvik Green Energy Limited (SGEL), one of India’s fastest-growing module manufacturing companies, successfully concluded its participation at UP Energy Expo 2025, held from May 8–10, 202
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EventsSaatvik Green Energy Limited to Showcase Solar Leadership at UP Energy Expo 2025
Gurugram, India – May 2, 2025: Saatvik Green Energy Limited (SGEL), one of India’s fastest-growing module manufacturing companies, is proud to announce its participation at the upcoming UP Energy Expo 2025, to be held fr
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2024
17 releasesDecember
17
CorporateSaatvik Green Energy Expands into Solar Agriculture; Introduces Sustainable Pumps Across Maharashtra
Mumbai, November 13, 2024: Saatvik Green Energy, one of India’s leading solar PV module manufacturers, has partnered with the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) to supply solar submersible pumps
Read MoreOrdersSaatvik Solar Secures 200MW Solar PV Module Supply Contract with GH2 Solar
New Delhi, 11 th November, 2024: Saatvik Solar signs a contract with GH2 Solar to supply 200MW of high-efficiency ‘Mono Perc Bifacial Half Cut’ solar PV modules, rated at 540/550Wp, for use across various solar projects
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EventsSaatvik Solar to unveil 625Wp N-TOPCon G-12R modules at REI Expo, ready for commercial sales
New Delhi, 1 st October, 2024: Saatvik Solar India’s renowned and prominent Solar module manufacturer’s plans to unveil two cutting edge product range, their newly built N-TOPCon G12R Technology Modules which will be ava
Read MoreCorporateSaatvik Solar appoints industry veteran Abani Kant Jha as Chief Financial Officer
New Delhi, August 5, 2024: Saatvik Solar, India’s premier solar PV module manufacturer, has recently appointed Mr. Abani Kant Jha as its new Chief Financial Officer (CFO). With over 25 years of extensive experience acros
Read MoreOrdersSaatvik Solar Secures ₹302 Crore Contract to Supply Solar PV Modules to MAHAGENCO
New Delhi, October 14, 2024: Saatvik Green Energy Limited, today announced that it has won a contract with Maharashtra State Power Generation Company Limited (MAHAGENCO) to supply 200 MW of its cutting-edge N-TOPCon 580W
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OrdersSaatvik Solar Delivers 70.2 MW Solar Modules to SJVN in Record Time, Supporting India's Clean Energy Transition
New Delhi, 12th September 2024: In a significant boost to India’s renewable energy sector, Saatvik Solar has successfully delivered 70.2MW of high-efficiency Mono PERC 545Wp Solar PV modules to Indian hydroelectric power
Read MoreAwardsSaatvik Solar wins 213MW Solar PV modules supply contract from L&T Energy
Saatvik Solar wins 213MW Solar PV modules supply contract from L&T Energy Saatvik will supply 545 Wp Mono PERC bifacial modules New Delhi, October 9, 2024: In a major boost to India’s renewable energy sector, Saatvik Sol
Read MoreOrdersSaatvik Solar Powers Gujarat’s Green Future with 450MW module supplied and confirms further 1GW supply in coming fiscal year
Saatvik Solar: Powering India’s Solar Revolution Founded in 2016, Saatvik Solar has rapidly emerged as India’s premier Solar PV Module manufacturer. With its state-of-the-art facility in Ambala, Haryana, and a workforce
Read MoreCorporateHow brand ambassadors can foster strong emotional connections between customers and brands
Understanding the role of brand ambassadors in nurturing emotional bonds
Read MorePress ReleaseSaatvik Solar’s Pioneering Year-End Journey into Innovation, Expansion, and Global Leadership in 2023
December 26, 2024
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CorporateSaatvik Solar Appoints Celestial as their channel partner to market and sell Saatvik Modules across Maharashtra and Goa region
December 26, 2024
Read MoreOrdersSaatvik Solar secures 200 MW Solar PV modules supply order from Enrich
December 26, 2024
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CorporateSaatvik Solar appoints Banga Solar as its channel partner to promote Solar PV modules across Gujarat Region
December 26, 2024
Read MoreCorporateSaatvik Solar Leading Manufacturers N-TOPCon Modules are now certified by Bureau of Indian Standards Setting Solar Benchmarks
December 26, 2024
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CorporateSaatvik Solar Appoints Kuldeep Jain as Chief Operating Officer to lead EPC & IPP Business Globally
December 26, 2024
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Press ReleaseSaatvik Solar Partner’s With Bhasu Energy System LLP to Propel Solar PV Adoption in Telangana & Andhra Pradesh
December 26, 2024
Read MoreAwardsSaatvik Solar Stands as Kiwa PVEL Top Performer
December 26, 2024
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