Key Takeaways
- Premier Energies secured orders worth Rs 3,011 crore for solar cells and modules in Q1 2026.
- The contracts include the supply of 1,846 MW of solar components, with deliveries scheduled for FY2027 and FY2028.
- The company is investing Rs 6,000 crore to expand its solar manufacturing capabilities and become an integrated solar provider.
New Orders and Future Plans
Premier Energies announced on Tuesday that it has obtained orders totaling Rs 3,011 crore during the first quarter ended June 30, 2026. This significant business opportunity involves the supply of solar cells and modules and was awarded by a diverse range of power producers and module manufacturers.
The orders consist of 1,846 megawatts (MW) of solar cells and modules, with deliveries spread over the fiscal years 2027 and 2028. The Managing Director of Premier Energies, Chiranjeev Saluja, remarked that these new contracts highlight the company’s leadership in the market. He attributed this success to Premier Energies’ investments in advanced technologies, extensive scaling, and a commitment to product quality.
Premier Energies boasts a substantial manufacturing capacity of 11.1 gigawatts (GW) for solar modules and 3.6 GW for solar cells, positioning the company as a key player in India’s solar industry. In a move to further solidify its position, Premier Energies is set to invest Rs 6,000 crore to develop 10 GW of ingot capacity and another 10 GW for wafer manufacturing. This investment is part of the company’s strategic plan to evolve into an integrated solar provider.
As the renewable energy sector continues to grow in India, Premier Energies is well-poised to meet the increasing demand for solar energy solutions while enhancing its production capabilities.
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