Saatvik Green Energy will supply 600 MWp of domestically manufactured solar PV modules to SECI, with the order scheduled for completion by December 2027
Saatvik Green Energy has secured a Rs 10.42 billion order from the Solar Energy Corporation of India (SECI) for the supply of 600 MWp of solar photovoltaic (PV) modules, strengthening its order pipeline as India accelerates domestic renewable-energy manufacturing. The contract covers the manufacturing, testing, packing, supply and transportation of solar PV modules using domestically manufactured solar cells. The order is scheduled to be executed by December 2027.
Domestic Manufacturing Gains
The order comes as government-backed procurement increasingly focuses on strengthening local solar manufacturing and reducing dependence on imported components. The requirement for domestically manufactured cells is also expected to support the development of an integrated domestic solar supply chain.
Large procurement programmes are providing greater revenue visibility for Indian module manufacturers while encouraging investments in cell and module production capacity.
Industry experts said such orders could help manufacturers improve capacity utilisation and scale operations, although the sector continues to face challenges linked to upstream supply availability, pricing pressure and raw-material costs. Saatvik Green Energy operates solar module manufacturing capacity in Haryana and is expanding its manufacturing footprint as demand for domestically produced solar equipment rises.
Solar Capacity Drives Demand
The latest order comes amid rapid expansion in India's solar market as the country works towards its 500 GW non-fossil fuel capacity target by 2030. India's solar capacity has expanded sharply in recent years, creating sustained demand for modules, cells and associated equipment.
The broader energy transition is also driving significant capital requirements. India is estimated to need around Rs 300 billion in investment to support the expansion required to reach its 2030 non-fossil capacity ambitions. The latest SECI contract therefore reflects both the scale of government-backed solar procurement and the growing role of domestic manufacturers in meeting India's clean-energy deployment requirements.
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