Saatvik Wins Rs 10.42 Billion SECI Solar Module Order – TradingView

Domestic-content requirements are driving fresh demand for Indian-made solar modules as the country scales manufacturing capacity alongside renewable-energy deployment
Saatvik Green Energy has secured a Rs 10.42 billion contract from the Solar Energy Corporation of India (SECI) to manufacture and supply 600 MWp of solar photovoltaic modules using domestically produced solar cells, strengthening its order pipeline amid India’s accelerating push for local renewable-energy manufacturing.
The contract covers manufacturing, testing, packing, supply, and transportation of the modules and is scheduled to be executed by December 2027. The order forms part of SECI’s procurement framework for domestic solar manufacturing and is linked to the Radhanesda solar project in Gujarat. The requirement for domestically manufactured modules and cells reflects the government’s broader strategy to build an integrated solar supply chain and reduce exposure to overseas sourcing.
Domestic Demand Strengthens
India’s solar manufacturing industry is entering a phase in which capacity expansion is increasingly being accompanied by policy-led demand for domestically produced equipment. Solar capacity had crossed 168 GW by August 2026, while the country continues to work towards its broader 500 GW non-fossil-fuel capacity target by 2030. For manufacturers, large SECI contracts provide multi-year revenue visibility while increasing the importance of production scale, cost competitiveness and compliance with domestic-content requirements.
Manufacturing Capacity Expands
Saatvik currently operates a 4.86 GW solar module manufacturing facility in Ambala, Haryana, while it is expanding its manufacturing footprint in Odisha with planned capacity of 6 GW for solar cells and 4 GW for modules.  An industry expert said such procurement contracts can support the development of a deeper domestic solar supply chain, but sustained competitiveness will depend on execution, technology upgrades and the ability to manage input costs as manufacturing capacity expands. The latest contract therefore adds to the growing pipeline for Indian solar manufacturers while highlighting the increasing role of domestic procurement in India’s renewable-energy build-out.
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