Saatvik Green Energy subsidiary bags Rs 476-cr order from Vikran Engineering

Saatvik Green Energy rose 1.68% to Rs 440.90 after its material subsidiary, Saatvik Solar Industries, received and accepted an order worth Rs 476 crore from Vikran Engineering for the supply of solar photovoltaic (PV) modules.

According to an exchange filing, the order is scheduled to be executed by March 2027. The company clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the order.

Saatvik Green Energy is an integrated solar energy solutions provider engaged in manufacturing high-efficiency photovoltaic (PV) modules and offering EPC services for utility-scale, commercial, and industrial projects.

 

The companys net profit declined 36% to Rs 60.61 crore in the quarter ended March 2026 as against Rs 94.71 crore during the previous quarter ended March 2025. Sales rose 74.95% to Rs 1,607.66 crore in the quarter ended March 2026 as against Rs 918.94 crore during the previous quarter ended March 2025.

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