Saatvik Green Energy bags Rs 100-cr order from MSEDCL

Saatvik Green Energy said that it has received an order worth approximately Rs 100 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for 5,000 solar photovoltaic water pumping systems.

The project is to be completed within 60 days from the date of issuance of the notice to proceed (NTP) or work order by the circle office.

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 company?s consolidated net profit declined 95.49% to Rs 5.51 crore on a 44.20% fall in revenue from operations of Rs 511.01 crore in Q1 FY27 over Q1 FY26.

Shares of Saatvik Green Energy shed 0.20% to close at Rs 396 on the BSE.

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