Premier Energies Bags ₹4,001 Crore Orders, Boosts Solar Cell And Module Capacity
Premier Energies Ltd secured orders worth ₹4,001 crore in Q2 FY27, involving solar cell, module supplies and EPC project execution. The company also significantly expanded its manufacturing capacity for solar cells and modules.
Premier Energies |
Mumbai: Premier Energies Limited on Wednesday announced it secured new orders totalling ₹4,001 crore during the July-September quarter of FY27. These orders include a mix of solar cell and module supplies, alongside EPC project execution.
Order Details
The orders, which exclude those from the retail market segment, involve a total of 2,308 MW. They originated from major power producers, module manufacturers, EPC companies, and other customers.
Capacity Expansion
Premier Energies recently increased its total module manufacturing capacity to 11.1 GW. Solar cell manufacturing capacity also rose from 3.6 GW to 10.6 GW following the commissioning of a 7 GW TOPCon solar cell manufacturing facility last month in Naidupeta, Andhra Pradesh.
Management Commentary
Chiranjeev Saluja, managing director of Premier Energies, said the growing order book validated the company's growth strategy and execution ability. He added that the company is prepared to meet customer demands across various market segments in the Indian solar market.
Future Plans
Premier Energies is establishing 10 GW of ingot-wafer manufacturing capacity for backward integration. Additionally, it is setting up 12 GWh of battery container manufacturing capacity to diversify its product portfolio.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
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