FIIs & DIIs Increases Stake: This Solar Energy Company Announces Strategic Tie-Up With RENA Technologies To Boost Solar Cell Innovation

Foreign Institutional Investors (FIIs) increased their stake slightly to 2.95 per cent from 2.31 per cent in December 2024. Domestic Institutional Investors (DIIs) also raised their holding to 8.66 per cent, up from 7.95 per cent.

Premier Energies Limited, one of India's leading solar cell and module manufacturers, has declared a strategic technological tie-up with RENA Technologies GmbH of Germany. The collaboration seeks to improve the development and optimization of wet chemical processes for solar cell manufacturing, especially for N-Type solar cells and next-generation tandem solar cell technologies. Through this partnership, Premier Energies aims to improve production efficiency and innovation to stay ahead of the curve in solar technology. Director and Chief Strategy Officer of Premier Energies, Sudhir Reddy, opined that this partnership is significant to move into tandem cell development. Chandra Mauli Kumar, Chief Production Officer, noted that co-operation with equipment manufacturers is critical to increase the throughput and enhance the efficiency.

Peter Schneidewind, RENA Technologies' CEO, welcomed the opportunity to work closely with Premier Energies to create better products and decrease the carbon footprint of solar cell manufacturing. This partnership is considered to be an important step in the development of the Indian solar market.

Established in April 1995, Premier Energies Limited is one of the leading companies in India that is engaged in the production of integrated solar cells and modules. The company has five manufacturing facilities in Hyderabad, Telangana, which manufacture solar cells of 8 GW and solar modules of 9.13 GW, with expansion plans in place. Premier Energies is renowned for its R&D and eco-friendly approach to adopting high-efficiency TOPCon solar cells with a plan to set up a 1,000 MW annual capacity line in FY25. The main source of income of the company is sales of manufactured products, and solar modules account for 67 per cent and solar cells 13 per cent.

The company has a large customer base, which includes NTPC, TATA Power Solar Systems and Panasonic, with a domestic focus and increasing international presence. The company is also planning to set up its manufacturing unit in the United States through a joint venture with Heliene USA Inc. As of July 31, 2024, the order book of Premier Energies stood at Rs 5,926.57 crore which is indicative of its market standing.

As of April 15, 2025, Premier Energies Limited has a market capitalization of Rs 40,214 crore, with its stock trading at Rs 914. The stock has recorded a 52-week high of Rs 1,373.05 and a 52-week low of Rs 842.2. Major public shareholders include South Asia Growth Fund II Holdings, LLC holding 11.10 per cent and Sudhir Moola holding 3.36 per cent of the company’s equity.

In the quarter ended March 2025, the shareholding pattern remained largely stable. Promoters continued to hold 64.25 per cent, the same as in the previous two quarters. Foreign Institutional Investors (FIIs) increased their stake slightly to 2.95 per cent from 2.31 per cent in December 2024. Domestic Institutional Investors (DIIs) also raised their holding to 8.66 per cent, up from 7.95 per cent. Public shareholding saw a decline to 23.42 per cent from 24.62 per cent in the previous quarter. The "Others" category marginally reduced to 0.72 per cent from 0.87 per cent.

Investors should keep an eye on this Mid-Cap solar stock.

Disclaimer: The article is for informational purposes only and not investment advice.