Reportedly, Saatvik Solar is planninf to raise Rs 10 billion for expansion through an initial public offering (IPO).
The company currently has a module production capacity of 1.8 GW, which is expected to increase to 3.8 GW by November 2024 With a planned investment of Rs 22 billion over the next two years, Saatvik aims to increase its module-making capacity to 7.8 GW and its cell manufacturing capacity to 2 GW.