In Short : Premier Energies and Syrma SGS Technology have formed a joint venture to acquire Pune-based solar inverter manufacturer KSolare Energy for ₹170 crore, with a 51:49 ownership split. KSolare produces 500,000 inverters annually and reported ₹342 crore revenue in FY25. The JV plans to expand capacity to one million units, targeting India’s residential […]
Premier Energies Acquires 51% Stake in Transcon Industries to Strengthen Solar and Clean Energy Capabilities – EQ
In Short : Premier Energies will acquire a 51% stake in Transcon Industries for ₹500 crore, reinforcing its position in India’s renewable energy market. The strategic acquisition aims to boost manufacturing capacity, technological innovation, and operational efficiency. This move supports Premier Energies’ long-term vision to expand its footprint in the solar and clean energy sector […]
Premier Energies Lands $20 Million Solar Projects to Boost Renewable Energy Access in West Africa – EQ
In Short : Premier Energies has secured $20 million in solar power contracts across West Africa, covering both utility-scale and commercial installations. These projects aim to expand renewable energy access, support local electrification, and reduce dependence on fossil fuels. The contracts strengthen Premier Energies’ footprint in the region, contributing to sustainable energy development and advancing […]
Premier Energies Wins ₹2,703 Crore Solar Orders, Strengthening Role in India’s Clean Energy Drive – EQ
In Short : Premier Energies has bagged fresh orders worth ₹2,703 crore for supplying 2,059 MW of solar PV modules and cells. The contracts, from both new and repeat customers, will be executed across FY26 and FY27. This achievement underscores the company’s growing role in India’s renewable manufacturing sector and its commitment to supporting the […]
Premier Energies Launches ₹642 Crore Advanced Solar Cell Manufacturing Line to Boost India’s Green Energy Goals – EQ
In Short : Premier Energies has launched commercial operations of its ₹642 crore solar cell line, strengthening India’s renewable energy manufacturing base. The advanced facility will enhance domestic solar cell production, aligning with the Atmanirbhar Bharat initiative. This expansion not only reduces import reliance but also supports India’s growing solar demand, contributing to the nation’s […]
UBS Bullish on India’s Clean Energy Stocks: Initiates Coverage on BHEL, Waaree, Suzlon, and Premier Energies – EQ
In Short : UBS has initiated coverage on BHEL, Waaree, Suzlon, and Premier Energies, projecting up to 40% upside potential. The brokerage cites strong policy support, robust growth prospects, and rising demand in the renewable energy and infrastructure sectors. UBS views these companies as key beneficiaries of India’s clean energy transition and anticipates significant investor […]
Premier Energies Shines with 55% Profit Jump Amid Soaring Solar Demand – EQ
In Short : Premier Energies reported a 55% year-on-year surge in Q1 net profit to ₹308 crore, backed by strong demand in solar cell and module production. Revenue rose 10% to ₹1,820 crore, while EBITDA increased 50% to ₹548 crore. Improved margins and a healthy order book reflect the company’s solid growth momentum in India’s […]
Premier Energies and Nuevosol Energy Announce a Joint Venture for manufacturing Aluminium Frames for Solar Modules – EQ
Premier Energies Limited, an integrated solar cell and module manufacturer, has entered into a joint venture with Hyderabad-based Nuevosol Energy Pvt. Ltd, a leading manufacturer of solar PV mounting structures. The JV aims to manufacture aluminium-based solar module frames and value-added components critical to solar modules. Under the agreement, Premier Energies will hold a majority […]
Premier Energies Partners with Taiwan’s SAS to Set Up Solar Wafer Unit in India – EQ
In Short : Premier Energies has partnered with Taiwan’s SAS to set up a 2 GW solar wafer manufacturing unit in India, marking its backward integration into the solar value chain. The joint venture leverages SAS’s semiconductor expertise. Premier also plans major expansions by FY 2028, aligning with India’s Make in India policy to boost […]
Premier Energies halts solar cell plant in the US amidst policy uncertainty – EQ
In Short : Premier Energies has halted its solar cell plant project in the U.S. due to policy uncertainties and regulatory instability. The company cited shifting market conditions as a key factor in its decision. This move reflects broader industry concerns over evolving U.S. clean energy policies, affecting investment confidence and strategic expansion plans. In […]
