Saatvik Green Energy IPO Debut | ₹700 Cr Fundraise & Odisha Expansion Plans | Business News | ET Now　 #ETNOW

Saatvik reen Energy makes its market debut with a 3% decline, but with strong growth plans ahead. CMD Nilesh Garg and CFO Abani Kanth Jha share insights on their ₹700 crore IPO proceeds, including ₹470 crore allocated for a 4 GW module manufacturing facility in Odisha and ₹175 crore for debt repayment. With a current capacity of 4.8 GW and plans to reach 8.8 GW, Pathway aims to significantly enhance margins and revenues. The company boasts a ₹5,100 crore order book and expects strong capacity utilization in FY26.

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