Premier Energies’ shares continued to rise on November 5, going up 7% after the company announced major orders for its subsidiaries, Premier Energies International and Premier Energies Photovoltaic. The companies received contracts worth ₹560 crore from leading Independent Power Producers (IPPs) and other clients.
As of 12:53 pm, Premier Energies’ shares had increased by 6.5% to ₹1,143.70 on the Bombay Stock Exchange (BSE). Earlier, at 9:25 am, the stock traded at ₹1,082 on the National Stock Exchange (NSE).
According to a company statement, the new orders include ₹513 crore for solar modules and ₹47 crore for solar cells, with deliveries for the modules set to start in December 2024.
In the last month, the two subsidiaries also accepted additional orders worth ₹765 crore — ₹632 crore for solar modules and ₹133 crore for solar cells — with deliveries beginning in July 2025.
Premier Energies, established in April 1995, specializes in making solar cells and panels, offering products like solar modules, bifacial modules, EPC solutions, and O&M services. The company has five manufacturing facilities in Hyderabad, Telangana.
Premier Energies went public earlier this year, with its IPO held from August 27 to August 29, raising around ₹2,830.40 crore. Since its stock listing in September, shares have risen by about 37%, outperforming the Nifty index over the same period.
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