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Saatvik Green Energy shares surged 10% during Wednesday’s trading session after the company announced a major solar photovoltaic module supply order from the Solar Energy Corporation of India (SECI).
The stock touched an intraday high of ₹428.25 following the announcement of the contract, valued at approximately ₹1,041.63 crore.
The order covers the supply of Solar PV Modules and is scheduled to be executed by December 2027. The contract comes amid continued expansion of India’s renewable energy capacity and growing demand for domestically supplied solar modules.
Saatvik Green Energy stated that the transaction is commercial in nature and does not qualify as a related-party transaction. The company also said that its promoters, promoter group and group companies have no interest in SECI.
Following the stock movement, Saatvik Green Energy’s market capitalisation stood at around ₹5,339 crore. Despite the 10% intraday rise, the stock remained below its 52-week high of ₹580.
The company’s reported valuation metrics included a price-to-earnings (P/E) ratio of 20.29, a price-to-sales (P/S) ratio of 1.05 and a price-to-book (P/B) ratio of 3.70.
Institutional participation in the company also increased during the June 2026 quarter, with holdings by foreign institutional investors and mutual funds rising.
The latest SECI order strengthens Saatvik Green Energy’s solar module supply portfolio as India continues to expand solar generation capacity and develop its domestic renewable energy manufacturing ecosystem.