Solar Modules & PV Cells Manufacturer incorporated a wholly owned subsidiary, Premier-Green Aluminium Pvt Ltd
Major public shareholders include South Asia Growth Fund II Holdings, LLC with an 11.10 per cent stake, and Sudhir Moola holding 3.26 per cent.
Premier Energies Limited announced the formation of its wholly owned subsidiary, Premier-Green Aluminium Private Limited (PGAPL), starting from April 03, 2025. This strategic move marks the company's entry into the manufacturing of aluminium frames and related products, primarily for captive consumption. The company PGAPL has an authorised share capital of Rs 10 lakh and plans to operate in the area of processing and extruding aluminium and its alloys. The share capital of PGAPL will be fully owned by Premier Energies as a related party transaction. Premier Energies has expanded its product portfolio to support its market dominance in the renewable energy industry. Premier Energies Limited has established PGAPL to operate in the aluminium manufacturing industry as a strategic expansion of its existing solar energy operations. The new subsidiary will operate within the aluminium manufacturing industry, adding a new dimension to Premier Energies' business portfolio.
The company Premier Energies Limited was founded in April 1995 and is one of the leading solar energy companies that manufactures integrated solar cells and modules. It is the second largest Indian company in this field with an annual installed capacity of 2 GW of solar cells and 3.36 GW of solar modules. Its operations include the manufacture of solar photovoltaic cells, solar modules, the execution of EPC projects, independent power production, and O&M services. The company has five manufacturing facilities in Hyderabad, Telangana, and it plans to shift towards high-efficiency TOPCon solar cells. The company aims to increase efficiency levels significantly and plans to commission a new TOPCon solar cell line by FY25. Premier Energies has a significant domestic client base, with some export presence, and is expanding globally with plans to set up a manufacturing unit in the US. The order book of the company as of July 31, 2024, is Rs 5,926.57 crore, indicating the company's market leadership and growth.
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The current stock price of Premier Energies Limited as of April 04, 2025, is Rs 895. The 52-Week High is Rs 1387.10, and the 52-Week Low is Rs 801.60. Premier Energies Limited has a market capitalization of more than Rs 38,000 crore. The company’s PE ratio is 170. Major public shareholders include South Asia Growth Fund II Holdings, LLC with an 11.10 per cent stake, and Sudhir Moola holding 3.26 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.