Premier Energies Ltd. has announced that its subsidiaries have successfully received and accepted multiple orders totalling ₹1,087 crore from two major independent power producers and one additional customer.
These significant orders are set to further strengthen the company’s position in the solar energy sector.
Breakdown of the Orders
The received orders consist of ₹964 crore allocated for the supply of solar modules and ₹123 crore for solar cells.
The orders are being fulfilled by three of its subsidiaries: Premier Energies Global Environment Pvt, Premier Energies International Pvt, and Premier Energies Photovoltaic Pvt.
The supply of solar modules is slated to begin in January 2025. This marks an important step in meeting the growing demand for solar energy in India.
Market Position
The Company is a manufacturer of integrated solar cells and solar panels.
It stands as the second-largest player in India by production capacity.
As reported by ndtvprofit.com, The company holds a 16.2% market share in India’s total installed solar cell capacity as of March. This highlights its significant contribution to the country’s renewable energy landscape.
