Shares of Premier Energies climbed by up to 10% on October 14, following the announcement that its subsidiaries, Premier Energies International Private Ltd and Premier Energies Photovoltaic Private Ltd, had secured orders worth a total of Rs 765 crore. This includes Rs 632 crore for solar modules and Rs 133 crore for solar cells, with supply commencing in July 2025. The orders were received from eight domestic clients and one international client.
The company recently signed an MSA with BN Hybrid Power-1 Private Limited, the SPV of BrightNight India, to supply 173.35 MWp of Topcon technology solar modules for a 300 MW energy storage project in Barmer, Rajasthan.
Premier Energies is engaged in the manufacturing of integrated solar cells and modules through its five facilities at Hyderabad. The company’s Rs 2,830.40 crore initial public offering had hit the markets towards the fag end of August. The stock has rallied around 38% since its listing in September against modest 1% upside in the Nifty index during this period. Shares of the company were trading 4.8% higher at Rs 1,158.15 at 1:13 pm, up from its previous close on the NSE.
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Source: Moneycontrol
News Desk
