Premier Energies Limited has announced that its subsidiaries, Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd., have secured solar orders totaling ₹560 crore from two major domestic Independent Power Producers (IPPs).
“We are pleased to announce that Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd., both subsidiaries of Premier Energies Limited, have secured and accepted multiple orders totaling Rs 560 crore from two major Independent Power Producers (IPPs) and other clients. These orders comprise Rs 513 crore for solar modules and Rs 47 crore for solar cells. Delivery of the solar modules is set to begin in December 2024,” the company stated in an exchange filing.
The order includes the supply of solar modules valued at ₹513 crore and solar cells worth ₹47 crore. Last month, the two subsidiaries secured and accepted multiple orders from a range of customers, totaling ₹765 crore.
These contracts include orders valued at ₹632 crore for solar modules and ₹133 crore for solar cells. Deliveries will commence in December 2024 and continue until May 2025. The orders are one-time contracts with domestic customers, and the company has confirmed that there are no related party transactions or involvement of promoter groups in these deals.
Established in 1995, the company has grown into one of the largest solar photovoltaic (PV) manufacturers in the country, with a strong focus on innovation and sustainability. The company supplies high-efficiency solar products for utility-scale, commercial, and residential projects, helping to drive India’s transition to clean energy.
With state-of-the-art manufacturing facilities and a commitment to quality, the company plays a key role in advancing the adoption of solar power both domestically and internationally. The company continues to expand its portfolio by supporting projects that combine solar energy with other renewable sources, contributing to a more sustainable and energy-efficient future.
