The share price of Saatvik Solar Industries surged 7% intra-day after the company received two major orders worth Rs 219.62 crore and Rs 488 crore for the supply of solar PV modules.
The fresh orders, aggregating Rs 707.62 crore, have been placed by three well-known Independent Power Producers (IPPs) and Engineering, Procurement and Construction (EPC) companies.
Orders to be executed in FY26
In an exchange filing, the company said that these orders will be executed during the financial year 2025-26 (FY26).
According to Saatvik Green Energy, the contracts have been awarded by domestic entities and are repeat orders.
Saatvik Green Energy also clarified that neither its promoters nor group companies have any interest in the entities awarding the contracts. It added that the orders do not fall under related-party transactions.
Share price of Saatvik Solar Industries
The share price of Saatvik Solar Industries opened in green and surged almost 7% in today’s trade. The stock has gained 12.36% so far this year.