Premier Energies Ltd. shares traded higher during earlt session on Thursday after it announced receiving orders aggregating to Rs 2,577 crore in the fourth quarter of the last financial year for supply of 1,600 MW solar cells and modules.
Execution of these orders is scheduled across fiscal 2027 and 2028. The contracts have come from a mix of leading domestic Independent Power Producers (IPPs), module manufacturers and EPC contractors in India, reflecting continued confidence in the company's execution capabilities and integrated manufacturing platform, according to a stock exchange filing.
"The growing order book reflects the company's growing scale with cell capacity expected to touch 10.6 GW by September 2026 and module manufacturing capacity recently expanded to 11.1 GW," the statement said.
"This robust order inflow underscores the trust placed by our customers in our manufacturing capabilities and technology roadmap. As India accelerates renewable energy deployment under the Atmanirbhar Bharat initiative, we remain focused on delivering highquality solar solutions at scale," said Premier Energies Managing Director Chiranjeev Saluja.
Premier Energies Share Price Movement
Shares of Premier Energies traded over 1% higher at Rs 1.2% on the NSE as of 9:25 a.m., compared to a 0.2% decline in the benchmark Nifty 50. The stock is up 14% in the last 12 months and 15% year-to-date.
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