Gurugram-based Saatvik Green Energy anticipates steady growth in India’s solar energy segment, driven by strong government targets and rising demand.
Managing Director Manik Garg highlighted plans to diversify beyond the core solar module business by adding solar pumps and inverters, which are expected to contribute around five percent of revenue by FY27, while modules will remain the dominant segment. The company is also enhancing backward integration into cells to strengthen its supply chain.
Saatvik Green has reported consistent year-on-year and quarter-on-quarter growth, supported by efficient capacity utilization, a diverse customer base, and a robust order book. The company operates a 3.8 GW manufacturing capacity and offers EPC and O&M services, boasting a market capitalization of approximately Rs 7,009 crore