Saatvik Green Energy Limited has received an order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for 5,000 off-grid solar photovoltaic water pumping systems, with an approximate order value of ₹100 crore, excluding GST.
The order covers the design, manufacture, supply, transportation, installation, testing and commissioning of solar photovoltaic water pumping systems (SPWPS) with capacities of 3 HP, 5 HP and 7.5 HP at identified farmers’ sites across Maharashtra.
The project falls under the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme. The scope of work also includes a complete system warranty, repair and maintenance, and a remote monitoring system for five years.
According to the company’s regulatory filing dated October 10, 2026, the installation and commissioning of the solar water pumping systems must be completed within 60 days from the date of issuance of the Notice to Proceed (NTP) or work order by the circle office.
The order has been classified as a domestic commercial contract.
