Premier Energies forms BESS manufacturing JV with Germany's RCT Energy
Premier Energies Limited's subsidiary, PBTPL, signed a binding Term Sheet with RCT India to form a joint venture, PESSPL. The JV will establish a 12 GWh BESS manufacturing facility, with a 6 GWh plant expected in FY 27-28 in Telangana. PBTPL will hold 85% and RCT India 15% initially, with an option for RCT India to increase its stake to 20%.
The joint venture involves a substantial manufacturing capacity and expansion into a growing sector (BESS), indicating a medium-term impact on the company's business and market presence.
The announcement details a strategic joint venture for setting up a significant manufacturing facility, which is a positive development for the company's expansion into the BESS sector.
Premier Energies Limited (PEL) announced that its wholly-owned subsidiary, Premier Battery Technologies Private Limited (PBTPL), has entered into a binding Term Sheet on September 10, 2026, with RCT Energy India Private Limited (RCT India), a part of Germany's RCT Group. This agreement is for establishing Premier Energies Storage Solutions Private Limited (PESSPL) as a strategic joint venture. The JV aims to set up a 12 GWh Battery Energy Storage System (BESS) manufacturing facility, with the first phase of a 6 GWh plant expected to be operational in FY 27-28 at Seetharampur, Telangana. The joint venture company will serve various BESS applications across commercial, industrial, and utility-scale segments.
Under the terms of the joint venture, PBTPL and RCT India will hold 85% and 15% equity shares in PESSPL, respectively, in a phased manner. There is also an option for RCT India to increase its shareholding to 20%, with PBTPL holding 80%. The parties have agreed to endeavor to execute the applicable agreements, including the Shareholders’ Agreement, within 30 days from the signing of the Term Sheet. This agreement outlines the proposed shareholding, governance framework, board composition, and roles and responsibilities of each party.
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Premier Energies Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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