Saatvik Green Energy has won a ₹1,041.63 crore contract from the Solar Energy Corporation of India (SECI) to supply 600 MWp of solar PV modules made in India using Indian solar cells. Execution is due by December 2027. The order adds to the company’s pipeline and shows how public procurement is rewarding manufacturers with domestic-content capacity.
Saatvik Green Energy has secured a ₹1,041.63 crore order from SECI, adding to a growing list of contracts that reward Indian solar manufacturers for making modules and cells at home.
According to a report by The Hindu BusinessLine, SECI has selected the company for the manufacture, testing, packing, supply and transport of solar PV modules built with domestically produced cells. The order covers 600 MWp of capacity and is to be executed by December 2027.
For a module maker, a contract of this size is more than a headline. It gives the factory a clear production schedule for the next several quarters.
Why does this order matter?
India’s solar sector is being reshaped by domestic-content rules. Developers, public agencies and manufacturers are all adjusting to tighter requirements on locally made cells and modules, and procurement has become one of the strongest signals of where the market is heading.
For manufacturers, an order like this does three things:
- Revenue visibility: A multi-quarter order book makes planning easier.
- Plant utilisation: Steady volumes help keep lines running efficiently.
- Investment confidence: Firm demand supports the case for spending on cell and module capacity.
Saatvik’s win also comes from a public buyer. When SECI awards a contract of this kind, it validates the winner’s ability to deliver at scale and meet compliance requirements, both of which matter in a competitive market.
Taken at face value, ₹1,041.63 crore for 600 MWp works out to roughly ₹1.74 crore per MWp. Treat that as a rough guide only. The public reports do not spell out the full commercial terms, so it should not be read as a like-for-like module price.
What is Saatvik’s manufacturing base?
CEO Prashant Mathur told the media that the company’s capacity is built to serve more than one stage of the solar value chain.
- Ambala, Haryana: A 4.86 GW module manufacturing facility.
- Odisha, phase I: 2.4 GW of solar cell capacity and 4 GW of module capacity.
- Odisha, phase II: A proposed 3.6 GW of additional cell capacity.
Mathur said the Odisha cell facility is moving towards enlistment under ALMM List-II, the Approved List of Models and Manufacturers for solar cells. If that enlistment comes through, it would strengthen the company’s ability to meet domestic-content requirements at larger volumes.
This is why ALMM matters so much right now. Compliance with approved-manufacturer lists has become a key filter in public procurement and large project awards. A company with cells, modules and approvals in place is better positioned than one that only assembles modules from imported cells.
What does it say about utility-scale procurement?
The buyer base for modules is widening. Private developers still account for a large share of demand, but institutions such as SECI are now explicitly using procurement to support local industry.
That tends to favour manufacturers with integrated capacity, dependable logistics and certification readiness. Utility-scale projects in India increasingly need suppliers who can meet domestic-content rules without slipping on delivery schedules or quality.
For Saatvik, the order strengthens its position in the utility-scale segment. The company has been betting that India’s solar market will reward firms that supply from within the country rather than simply assemble imported inputs. This contract is one sign that the bet is starting to pay off.
Policy support is turning into orders
The wider backdrop is India’s push for energy self-sufficiency and industrial depth in clean technology. Government-backed procurement, manufacturing incentives and the Make in India push have made conditions more favourable for companies that invested early in cells, modules and related infrastructure.
In that sense, this is more than a single contract. It shows policy and commercial demand moving closer together in the solar sector.
Competition is not going away, though. As capacity additions accelerate and more players scale up, the companies best placed to benefit will be those that combine expansion with regulatory readiness and dependable execution. Saatvik’s latest order suggests it intends to be one of them.
FAQs
What contract has Saatvik Green Energy won?
- Saatvik has won a ₹1,041.63 crore order from the Solar Energy Corporation of India (SECI) to supply 600 MWp of solar PV modules made in India using Indian solar cells.
When is the SECI order due for completion?
- Execution is due by December 2027.
What does “600 MWp” mean?
- MWp stands for megawatt-peak, the maximum power output of solar modules under standard test conditions. A 600 MWp order refers to the combined rated capacity of all the modules to be supplied.
Where does Saatvik manufacture its solar modules?
- The company has a 4.86 GW module manufacturing facility in Ambala and is expanding in Odisha with 2.4 GW of cell capacity and 4 GW of module capacity in phase I.
What is ALMM List-II and why does it matter?
- ALMM List-II is the government’s approved list of solar cell manufacturers. Enlistment helps a company meet domestic-content requirements in public procurement and large project awards. Saatvik says its Odisha cell facility is moving towards enlistment.
