Rs 5,926.57 Crore Order Book: Solar Modules & Cells Manufacturer Bags Multiple Orders Worth Rs 765 Crore From 8 Domestic Customers & 1 Foreign Customer
The stock’s 52-week high of Rs 1,264.90 per share while its 52-week low is Rs 801. 60 per share.
On Monday, shares of Premier Energies Limited gained 2.45 per cent to Rs 1,134.25 per share from its previous 1,1.07.10 per share with an intraday high of Rs 1,217 and an intraday low of Rs 1,115.25. The stock’s 52-week high of Rs 1,264.90 per share while its 52-week low is Rs 801. 60 per share. The company has a market cap of over Rs 51,000 crore.
Premier Energies Limited announced that its subsidiaries, Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd., have secured multiple orders worth INR 765 crore. These orders include INR 632 crore for solar modules and INR 133 crore for solar cells. The orders were received from a mix of eight domestic and one foreign customer. The supply of the modules is expected to begin in July 2025. The orders are one-time contracts with no long-term commitments.
Earlier, Premier Energies International Private Ltd, a subsidiary of Premier Energies Limited entered into a Module Supply Agreement (MSA) with BN Hybrid Power-1 Private Limited, a Special Purpose Vehicle (SPV) of Bright Night India. Under this agreement, Premier Energies will supply 173.35 MWp of solar modules featuring the latest Topcon technology for their 300 MW FDRE (Wind, Solar, and Energy Storage) Power Project located in Barmer, Rajasthan. The supply of these modules is scheduled to commence in July 2025.
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Premier Energies Limited is a leading integrated manufacturer of solar cells and modules, with nearly 30 years of experience in the solar industry. Its product portfolio encompasses solar cells, solar modules, monofacial and bifacial modules, EPC solutions and O&M solutions. The company operates five manufacturing facilities, all located on its own land in Hyderabad, India. Together, these facilities have an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules.
As of July 31, 2024, the company had an order book of Rs 5,926.57 crore. Its key customers across various business segments include NTPC, Tata Power Solar Systems Ltd, Panasonic Life Solutions Pvt Ltd, Shakti Pumps, First Energy, Bluepine Pvt Ltd and Luminous, among others. The company has exported its products to several countries, including the United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and the Philippines.
Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.