Shares of Saatvik Inexperienced Power Ltd soared 6% on 15 October after the corporate introduced securing orders price Rs 638.85 crore to ship photo voltaic PV modules.
The corporate’s materials subsidiary, Saatvik Photo voltaic Industries, secured orders price ₹638.85 crore from three unbiased energy producers and EPC corporations, scheduled for execution by June 2026. Three unbiased energy producers and EPC firms positioned the orders, that are anticipated to be accomplished by June 2026.
In the meantime, the corporate bagged an order price ₹50.62 crore from famend unbiased energy producers and EPC corporations for the provision of photo voltaic PV modules, scheduled for execution by the tip of November 2025.
Saatvik Inexperienced Power operates as an built-in photo voltaic vitality options supplier, specialising within the manufacturing of high-efficiency photovoltaic (PV) modules and delivering EPC providers for utility-scale, industrial, and industrial photo voltaic tasks.
In an interview, Saatvik Inexperienced Power’s Managing Director, Manik Garg, said that the corporate’s precedence stays progress whereas additionally growing its margin profile. Garg said {that a} margin of 16% to 17% will likely be lifelike.
Nonetheless, at 12:25 pm, the shares of Saatvik Inexperienced Power shed all their early positive factors and have been buying and selling 1.11% decrease at Rs 526.45 on NSE.
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