These orders are for the supply of 1,600 MW solar cells and modules. The execution of the orders is scheduled across financial year 2027 and 2028.
Premier Energies said it won the contracts from a mix of leading domestic independent power producers (IPPs), module manufacturers and EPC contractors in India.
The company statement went on to add that its cell capacity is expected to touch 10.6 GW by September 2026 and its module manufacturing capacity recently expanded to 11.1 GW.”This robust order inflow underscore underscores the trust placed by our customers in our manufacturing capabilities and technology roadmap” Chiranjeev Saluja, the company’s Managing Director.
On another note, in February, the company’s chief business officer Vinay Rustagi told CNBC-TV18 that the firm had evaluated export opportunities in markets such as the US and Europe but chose to prioritise domestic demand due to policy uncertainty abroad.
He also highlighted data centers as a future demand driver linked to AI adoption. He said India’s data center capacity is likely to expand significantly by 2030, with most of the facilities designed to run on renewable energy. He is expecting the cumulative solar demand from data centers to reach around 30 GW over the next five years.
Shares of Premier Energies are now trading between gains and losses, currently trading 0.3% higher at ₹962.35. The stock has risen 33% in the last one month, in anticipation of an increased push towards renewables in light of the ongoing fuel supply crisis due to the Iran war.
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