Premier Energies Share Price Gains Over 2%; Plans to Invest ₹11,000 Crore to Raise Solar Capacity by 13.4 GW Annually

As per PTI news report, Premier Energies is set to invest ₹11,000 crore to expand its solar cell and module manufacturing capabilities significantly. This large-scale expansion will more than double the company’s current production capacities, supporting India’s domestic and export solar demand. 

Premier Energies to Increase Solar Cell and Module Production 

The renewable energy manufacturer aims to expand its annual solar cell production capacity by 7.4 GW in Andhra Pradesh, and add another 6 GW of solar module capacity in Telangana.  

This expansion will increase the company’s total annual output to 10.6 GW of cells and 11.1 GW of modules. Currently, its facilities near Hyderabad produce 3.2 GW of solar cells and 5.1 GW of modules. 

Premier Energies also intends to integrate upstream manufacturing of ingots and wafers to enhance control over its production value chain. These additions are in line with initiatives supporting domestic manufacturing under India’s ‘Make in India’ plan. 

Funding and Strategic Backing of the Expansion 

Funding for the ₹11,000 crore expansion will come from multiple sources. The company raised ₹1,300 crore through its IPO conducted last year. It has also secured ₹2,200 crore in debt from Indian Renewable Energy Development Agency (IREDA). The remainder will be funded via internal accruals. 

With a domestic order book value of ₹13,000 crore, the company has secured orders covering the next one year. In addition to fulfilling domestic supply, Premier Energies has previously exported cells to the US market. 

Read More: Premier Energies Share Price Hit Record Low After F&O Entry; Stock Down 33% from October High! 

Backward Integration into Ingots and Wafers 

The expansion includes Premier Energies' entry into ingot and wafer production, which are critical components in solar cell manufacturing. This move supports operational resilience and aligns with government policies aiming to make India a hub for renewable energy manufacturing. 

A solar panel is built using modules, which consist of cells that require wafers made from ingots. By developing these components in-house, Premier Energies seeks to build a more efficient and localised supply chain. 

Premier Energies Share Price Performance  

As of January 12, 2026, at 1:50 PM, Premier Energies share price on NSE was trading at ₹737.00 up by 2.72% from the previous closing price. 

Conclusion 

Premier Energies’ planned investment of ₹11,000 crore to enhance solar cell and module capacity, along with backward integration into wafer and ingot production, signals a major step in reinforcing India’s renewable manufacturing infrastructure. The move focuses on meeting increased domestic and global demand under the ‘Make in India’ framework. 

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