Saatvik Green Energy Ltd.
353.10
INR
-10.55
(-2.90%)
Saatvik Green Energy Ltd.
NSE:SAATVIKGL
(National Stock Exchange of India)
Recent
price
353.10
P/E
ratio
23.53
div
yld
- -
ROIC.AI
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- Business
- Saatvik Green Energy Ltd. is an India-based renewable energy company that specializes in the manufacturing of solar photovoltaic (PV) modules and the provision of end-to-end solar engineering, procurement, and construction (EPC) solutions. Founded in 2015 and headquartered in Gurugram, Haryana, with primary manufacturing operations based in Ambala, Haryana, the company operates across the clean power and solar energy sector, catering to utility-scale project developers, commercial and industrial enterprises, residential clients, and government institutions across India as well as export destinations in North America, Europe, and Asia. The company's core product portfolio and service offerings encompass: high-efficiency solar photovoltaic modules, including Monocrystalline Passivated Emitter and Rear Cell (Mono PERC) bifacial and monofacial modules, N-Type Tunnel Oxide Passivated Contact (TOPCon) half-cut cell modules, polycrystalline solar panels, and dual-glass bifacial modules spanning residential to utility-grade power ratings in both Domestic Content Requirement (DCR) and non-DCR configurations; turnkey engineering, procurement, and construction (EPC) services for ground-mounted solar power plants, institutional and commercial rooftop solar installations, and floating solar systems; solar submersible water pumping solutions and agricultural solar pumps; decentralized solar street lighting and microgrid solutions; and comprehensive asset lifecycle support, including solar balance-of-system (BOS) supply, power plant commissioning, and preventive and corrective operation and maintenance (O&M) services. In recent developments, Saatvik Green Energy Ltd. has initiated substantial capital and operational expansion programs to scale its manufacturing footprint. The company filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) to secure funding for integrated cell and module capacity additions and debt reduction. To expand vertical integration, the company has advanced development on a multi-gigawatt integrated solar cell and module production plant in Odisha, while simultaneously scaling production capacity at its flagship Ambala facility to surpass 3.8 GW. Concurrently, the company has expanded its commercial portfolio through the market rollout of high-output N-Type TOPCon bifacial solar modules, strengthened its global distribution network across North America, and secured major module supply and EPC contracts with leading independent power producers and public sector clean energy programs.