Saatvik Green Energy plans 3.6 GW solar cell facility

Saatvik Green Energy shares fell 7.11 per cent to ₹397 after its subsidiary signed an MoU with Odisha government agency IPICOL for a 3.6 GW solar cell facility at Gopalpur. The Phase II project is targeted for FY28, adding to the existing 2.4 GW cell and 4 GW module capacity under Phase I. The stock trades at 20.3 PE.