Saatvik Green Energy Jumps Over 7% With ₹1,041.63 Crore Order From SECI
Last Updated: 16th September 2026 - 11:45 am
Shares of Saatvik Green Energy moved up by over 7% in early trading on September 16 after the company bagged an order worth ₹1,041.63 crore from Solar Energy Corporation of India (SECI) for solar photovoltaic modules.
The stock gained impetus amid three straight days of falls following the order. The stock was quoting at ₹417.50 at 9:27 am on the BSE, higher by ₹27.85, or 7.15%.
The stock had closed the previous day’s trading session at ₹389.65, lower by ₹6.65, or 1.68%.
SECI order to be completed by December 2027
The ₹1,041.63 crore contract covers the supply of solar PV modules and is scheduled to be executed by December 2027.
The latest order follows another set of contracts secured earlier this month by Saatvik Solar Industries, a material subsidiary of Saatvik Green Energy.
Saatvik Solar Industries had received and accepted orders worth a combined ₹297.5 crore from two independent power producers and EPC players. Those contracts were also for the supply of solar PV modules.
The two developments take the value of orders disclosed in the report this month to more than ₹1,339 crore.
Stock rebounds after three sessions of losses
Wednesday’s rise broke a three-session losing run for Saatvik Green Energy.
The stock has traded between ₹329.70 and ₹580 over the past 52 weeks. It reached its 52-week high of ₹580 on October 15, 2025, while the 52-week low of ₹329.70 was recorded on March 9, 2026.
At the level cited in the report, the stock remained 32.82% below its 52-week high and 18.18% above its 52-week low.
Saatvik Green Energy’s market capitalisation stood at ₹4,952.65 crore.
The SECI contract is now the company’s latest disclosed solar-module order, with execution scheduled to run through December 2027.
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