Economy · India
Saatvik Green Energy shares jump 10% after ₹1,042 crore solar order
Saatvik Green Energy secured a solar PV module supply contract from the Solar Energy Corporation of India (SECI) worth ₹1,041.63 crore. The contract requires delivery of the modules by December 2027. Following the announcement, the company's shares rose about 10%, reaching the upper circuit at ₹428.60. Both The Economic Times and Mint reported the price surge and the order size. The order comes as demand for solar modules and renewable capacity grows in India.
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- Centre (2): Mint, The Economic Times