Saatvik Green Energy plans a significant increase in capital expenditure, expecting to invest around Rs 2,500 crore in FY27 to accelerate its capacity expansion and deepen its backward integration into cells, ingots, and wafers.

This expansion aims to meet strong domestic demand and also improve export opportunities, particularly in the US. The company is continuing a major investment phase that started in FY26, when it allocated nearly Rs 1,850 crore primarily for increasing module capacity and establishing solar cell manufacturing. The company’s long-term goal is to build an integrated manufacturing platform, moving from modules to cells, and eventually ingots and wafers, to improve cost control and margin stability. 

New production lines are expected to begin in April, with a phased ramp-up throughout the first quarter of the new financial year. CEO Prashant Mathur explained, “In FY26, we are focusing on strengthening our module base and initiating cell manufacturing. In FY27, we will continue these projects and add new ones to reach around Rs 2,500 crore of capex.”