The shares of Solar company, specializing in the manufacturing of integrated solar cells and solar panels, and others, jumped upto 5 percent following South Asia Growth Fund II Holdings is likely to sell 2.5 crore equity shares in the company.
With a market capitalization of 49,051 Crores on Tuesday, the shares of Premier Energies Ltd jumped upto 4.7 percent, making a high of Rs. 1115.00 compared to its previous closing price of Rs. 1064.70.
Premier Energies Ltd, a leading manufacturer of integrated solar cells and panels, is in the spotlight as South Asia Growth Fund II Holdings is likely to sell 2.5 crore equity shares (representing 5.5 percent of the paid-up equity) via block deals, according to sources quoted by CNBC-TV18 and the floor price for the sale may be set at Rs 1,051.50 per share.
Power generation capacity addition in India between FY 2025-2032, India plans to add 432 GW of power generation capacity, with the majority coming from solar (283 GW) and wind (76 GW), followed by coal (42 GW), large hydro (15 GW), nuclear (12 GW), and biomass (5 GW).
By FY 2028, the company targets annual capacities of 10 GW each for ingots, wafers, and cells; 11 GW for modules; 3 GW for inverters; 36,000 MT for aluminum frames; and 12 GWh for battery storage solutions.
As of March 31, 2025, the company’s order book stands at 5,303 MW, valued at Rs. 8,445.6 crore. By value, 27 percent of the order book is from cells, 73 percent from modules, and 0.6 percent from EPC projects.
Premier Energies has been selected by the Government of India to support a landmark USD 17 million India–Sri Lanka clean energy initiative. As part of this project, the company will supply 5,000 rooftop solar systems for religious institutions across Sri Lanka, adding 25 MW of solar capacity and generating 37 million kWh of power annually.
Premier Energies is one of India’s leading solar energy companies, specializing in the manufacturing of solar PV cells and modules. Headquartered in Hyderabad, the company has over two decades of experience in renewable energy and operates one of the largest solar cell and module manufacturing facilities in the country.
The company’s revenue rose by 47.5 percent from Rs. 1,138.55 crores to Rs. 1,680.33 crores in Q4FY24-25. Meanwhile, Net profit rose from Rs. 103.96 crores to Rs. 277.81 crores in the same period.
The company has a strong financial position with a successful IPO raising ₹1292 crores, a growing order book of ₹ 8445.6 crores, and cash flow from operations at ₹1348 crores. With a low debt-to-equity ratio of 0.69 and a robust capital base, it plans a total estimated capex of ₹12,500 Crores.
Written by Sridhar J
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