Saatvik Cleantech to acquire 49% in Intelligent Hydel Solutions

Saatvik Green Energy Limited has informed the stock exchanges that its wholly owned subsidiary, Saatvik Cleantech EPC Private Limited, signed a Share Purchase Agreement on February 12, 2026, to acquire a 49% equity stake in Intelligent Hydel Solutions Private Limited.

The acquisition is part of the company’s expansion strategy through its subsidiary. Intelligent Hydel Solutions Private Limited was incorporated on January 29, 2024, and is registered with the Registrar of Companies in Jaipur. According to the stock exchange filing, the company reported nil turnover for the financial years 2023–24 and 2024–25. It is domiciled in India and does not have operations outside the country.

In February 2024, RMC Switchgears Limited announced the formation of Intelligent Hydel Solutions Private Limited as its subsidiary, with a 51 percent stake. The entity was positioned to focus on water management and Water Internet of Things (IoT) solutions in India.

In January 2026, Saatvik Ceantech secured a turnkey engineering, procurement, and construction (EPC) contract valued at Rs 20.84 crore.