Premier Energies Ltd, India’s second-largest solar cell manufacturer, has recently secured two substantial orders worth ₹765 crore. The company’s shares surged by over 7% following this announcement, reaching ₹1,141.60 per share on the Bombay Stock Exchange (BSE), showing an intraday gain of 2.43%. Premier Energies had a highly successful IPO debut earlier in September 2024, with shares listed at ₹991 on BSE, a 120% premium over the issue price of ₹450.
The ₹765 crore orders consist of ₹632 crore for solar modules and ₹133 crore for solar cells. Deliveries are scheduled to begin in July 2025. One of Premier Energies’ subsidiaries, Premier Energies International Private Ltd., has entered a Module Supply Agreement (MSA) with BN Hybrid Power-1 Private Limited, a Special Purpose Vehicle (SPV) of BrightNight India, to supply 173.35 MWp of solar modules for a large renewable energy project in Barmer, Rajasthan.
Premier Energies, established in 1995, operates in Telangana and is backed by GEF Capital, a private equity investor based in Washington, D.C. It has grown to become one of India’s leading players in the solar energy sector with innovative photovoltaic solutions.
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