Premier Energies Commissions 1.2-GW Solar-Cell Manufacturing Line In Hyderabad

Premier Energies Ltd. announced on Thursday the successful commissioning of its new 1.2 GW TOPCon solar cell manufacturing line at Fab City in Hyderabad, according to an exchange filing.

The company increased its solar cell manufacturing capacity from 2 GW to 3.2 GW by commissioning the new TOPCon line, the filing said. "Premier Energies is one of the first few solar manufacturers in India to operationalize a TOPCon production line, capable of delivering solar cell efficiencies exceeding 25%."

The manufacturing line has an "advanced" 16-busbar architecture to enhance power density and ensure improved energy yield under real-world conditions. The firm is also working on enhancing its cell and module production capacity to 8.4 GW and 11.1 GW respectively by June 2026.

"The commissioning supports Premier Energies’ strategic roadmap of high-efficiency, vertically integrated manufacturing – from ingots and wafers to cells and modules – in alignment with the Government of India’s Atmanirbhar Bharat," the exchange filing said.

Shares of Premier Energies closed 2.44% higher at Rs 1,043.90 apiece on the NSE, compared to a 1.21% rise in the benchmark Nifty. The stock has fallen 131.98% in the last 12 months and 22.85% on a year-to-date basis. The average of 12-month analysts' price target implies a potential downside of 3.9%.