Saatvik Green Energy (SAATVIKGL) — Announcement

📢 Key Event
Saatvik Solar signs MoU with Odisha government for 3.6 GW solar cell facility

🔮 What's Next
Phase II commercial production targeted for FY28

💡 Investor Takeaway
This expansion strengthens Saatvik's domestic manufacturing footprint and long-term growth prospects in India's solar sector.

Saatvik Green Energy announced its subsidiary Saatvik Solar signed an MoU with the Odisha government to develop a 3.6 GW solar cell manufacturing facility at Gopalpur, Ganjam district, building on its existing 2.4 GW Phase I plant that is nearing commissioning, with Phase II targeted for commercial production by FY28 to expand domestic manufacturing capacity and support India's clean energy goals.

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About Saatvik Green Energy Limited (SAATVIKGL)

Capital Goods · Capital Goods - Electrical Equipment · Listed on NSE

Market Cap: ₹5,360.65 Cr P/E: 19.8 ROE: 72.8% ROCE: 47.3%

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🔥 Also filed on 17 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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