Saatvik Green IPO

Latest update · 12 Oct 2026

Saatvik Green Secures Rs 100 Crore MSEDCL Order for Off-Grid Solar Water Pumps

Saatvik Green Energy secures a Rs 100 crore MSEDCL order for 5,000 off-grid solar pumps. Explore contract scope, order book growth and stock performance.

• Saatvik Green secured an INR 100 crore order from MSEDCL to install 5,000 off-grid solar water pumps under the PM-KUSUM Component-B and state schemes.
• The contract mandates execution within a strict 60-day window and includes a 5-year comprehensive operations and maintenance commitment.
• The company's order book is bolstered by its recent INR 1,041.63-crore SECI contract for solar module supplies running through December 2027.
• The stock currently trades around INR 399, holding a valuation of approximately 20x P/E amid ongoing capacity expansion plans in Odisha.