Saatvik Green Energy Ltd

Saatvik Green Energy Expands into Power Production with 41 MW Plant in Maharashtra ⚡

• Saatvik Cleantech EPC acquired 49% equity shares in Intelligent Hydel Solutions Private Limited (IHSPL) for ₹1.31 crore.

• IHSPL operates in renewable energy with a subscribed capital of ₹10 lakh and reported no turnover for FY 2024 and FY 2025.

• The acquisition aims to commission a 41 MW AC power plant in Maharashtra under a power purchase agreement with MSEDCL.

• RMC Switchgears Limited will retain 51% equity in IHSPL post-acquisition.