Premier Energies Secures ₹3,011 Crore Orders in Q1 FY27 for 1,846 MW Solar Cells & Modules
Premier Energies secured ₹3,011 crore in orders in Q1 FY27 for 1,846 MW of solar cells and modules. Deliveries are scheduled across FY27 and FY28. This supports the company's expansion, with module capacity at 11.1 GW and solar cell capacity growing to 10.6 GW by Sept 2026.
The order value of ₹3,011 crore is substantial and directly contributes to the company's revenue and growth, impacting its financial performance significantly.
The announcement details significant new orders, indicating strong business growth and market confidence, which is positive for the company.
Premier Energies Limited has announced securing new orders worth ₹3,011 crore during the first quarter of the fiscal year 2027 (April-June). These orders encompass the supply of 1,846 MW of solar cells and modules, with deliveries scheduled across FY 2027 and FY 2028.
The contracts were awarded by a diverse group of clients, including leading power producers, module manufacturers, EPC companies, and other customers, underscoring strong confidence in Premier Energies' manufacturing prowess, product quality, and execution capabilities.
This significant order inflow aligns with the company's growth strategy, which includes substantial expansion of its manufacturing capacities. The module manufacturing capacity has recently been increased from 5.5 GW to 11.1 GW, and the solar cell manufacturing capacity is projected to grow from 3.6 GW to 10.6 GW by September 2026.
Commenting on the development, Mr. Chiranjeev Saluja, Managing Director of Premier Energies, stated, "Premier Energies is embarking on a high-growth strategy supported by booming solar demand and the Indian government’s policy commitment to Make-in-India. Timely implementation of ALMM-2 policy, as recently announced, for domestic manufacturing of solar cells is a critical enabler of business growth. These new orders reflect the leadership position built by Premier Energies with investments in new technologies, scale and product quality. We remain focused on delivering reliable, high-efficiency solar solutions to our customers while supporting India’s clean energy and self-reliance goals."
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Premier Energies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Premier Energies Limited. Read the original for the full detail.