Premier Energies Ltd. announced on Friday, February 14, that it has secured an order worth ₹1,234 crore for the supply of solar photovoltaic (PV) modules. The company has received two orders from its existing customers, reinforcing its strong presence in the renewable energy sector. The scheduled commencement for the supply of these modules is set for April 2025.
Following this announcement, the company’s share price showed marginal gains. As of 10:14 AM on the National Stock Exchange (NSE), Premier Energies’ stock was trading in the green, up by 0.07%.
Founded in 1995 by Mr Surender Pal Singh, Premier Energies has grown into one of India’s largest integrated solar cell and module manufacturing companies. The company operates multiple high-capacity production lines across various locations in Telangana:
As of June 2024, Premier Energies had a total module capacity of 4.1 GW and a cell capacity of 2 GW. While the majority of its revenue is derived from module and cell production, the company also generates a small portion of its earnings from the solar EPC (engineering, procurement, and construction) business.
Premier Energies reported strong earnings growth in the third quarter of FY25, surpassing market expectations. The company registered a 490.58% increase in profit after tax (PAT), reaching ₹255.22 crore compared to ₹43.21 crore in Q3FY24.
Key financial highlights from Q3FY25:
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Published on: Feb 14, 2025, 3:24 PM IST
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