Saatvik Green Energy to Invest ₹3,150 Crore in Solar Module and Cell Manufacturing Plant in Odisha.

Saatvik Green Energy Ltd (SGEL) announced recently that it will invest ₹3,150 crore in setting up a greenfield solar manufacturing facility in Odisha. The project will be developed in phases and will include 4 gigawatts (GW) of solar photovoltaic (PV) module capacity and 4.8 GW of solar cell capacity.

SGEL, known for manufacturing high-efficiency PV modules and providing EPC services for utility-scale, commercial, and industrial solar projects, currently operates around 3.8 GW of module capacity as of June 2025. The company is also adding an additional 1 GW of capacity at its Ambala facility in Haryana.

Prashant Mathur, CEO of SGEL, said the expansion is part of the company’s strategy to maintain its market share in a rapidly growing solar industry. “The greenfield manufacturing facility in Odisha is a key step towards that goal,” he added.