Saatvik’s Solar Ambition: A ₹2,500 Crore Leap

Saatvik Green Energy has outlined plans for a significant increase in capital expenditure, with investments of around ₹2,500 crore projected for FY27 to accelerate capacity expansion and strengthen backward integration into solar cells, ingots, and wafers.

The expansion is aimed at addressing strong domestic demand while enhancing export potential, particularly in the US market. The company is currently in a major investment phase that began in FY26, during which it committed nearly ₹1,850 crore, largely toward expanding module manufacturing capacity and setting up solar cell production facilities. Over the long term, Saatvik aims to establish a fully integrated manufacturing platform, progressing from modules to cells and eventually to ingots and wafers, in order to improve cost efficiencies and margin stability.

New production lines are expected to commence operations in April, followed by a phased ramp-up during the first quarter of the new financial year. Explaining the strategy, CEO Prashant Mathur said that while FY26 is focused on strengthening the module base and initiating cell manufacturing, FY27 will see the continuation of these projects along with the addition of new investments, taking total capital expenditure to approximately ₹2,500 crore.

News by Rahul Yelligetti.