Saatvik Green Energy, through its wholly owned subsidiary Saatvik Solar Industries, has commenced commercial production at the first phase of its solar module manufacturing facility in Gopalpur, Odisha, with a production capacity of approximately 1.3 GW.

The facility began commercial production on November 2, 2026, and is a part of Saatvik Green Energy’s proposed 4 GW solar module manufacturing project.

The company said the remaining manufacturing capacity is proposed to be commissioned in subsequent phases.

In February 2026, Saatvik invested ₹2.51 billion (~$27.75 million) in the facility.

The Haryana-based solar module manufacturer reported a revenue of ₹5.11 billion (~$53.56 million) in the first quarter of the financial year 2027, down 44.2% year over year from ₹9.16 billion (~$96 million).

The company plans to add 3.6 GW of solar cell manufacturing capacity, taking its total cell capacity to 6 GW. The expansion is targeted for completion by FY 2028.

Saatvik Green said it plans to develop 6 GW of ingot and wafer manufacturing capacity, targeted for completion by FY 2029.

In a recent interview with Mercom India, Prashant Mathur, Chief Executive Officer of Saatvik Green Energy, said the company plans to expand into solar cells, inverters, batteries, energy storage systems, and transformers. He said the company’s long-term strategy is to expand across multiple segments of the renewable energy equipment value chain while continuing to adopt new technologies.

According to Mercom India’s research report, State of Solar PV Manufacturing in India 1H 2026, India added 50.6 GW of solar module and 9.7 GW of solar cell manufacturing capacity in the first half of 2026. As of June 2026, India’s cumulative module manufacturing capacity stood at 261.7 GW, and its cell capacity at 36.6 GW.

Saatvik Green Energy was featured as one of the top solar module suppliers in 2025 in Mercom’s India Solar Market Leaderboard 2026.