The shares of Solar company, specializing in the manufacturing of integrated solar cells and solar panels, and others, are in focus upon commissioning a new 1.2 GW TOPCon solar cell line in Hyderabad, by achieving an efficiency of over 25 percent.
With a market capitalization of 47,072.11 Crores on Friday, the shares of Premier Energies Ltd jumped upto 1.7 percent, making a high of Rs. 1059.90 compared to its previous closing price of Rs. 1042.35.
Premier Energies Ltd, engaged in the manufacturing of integrated solar cells and solar panels, and others, has successfully commissioned a new 1.2 GW TOPCon solar cell manufacturing line at its facility in Hyderabad, making it one of the first Indian companies to achieve such advanced solar technology with over 25 percent efficiency.
The high-performance 16-busbar architecture boosts power output and energy yield, further strengthening the company’s position as a leader in high-efficiency solar manufacturing. This expansion marks a key step in Premier Energies strategy to increase its cell and module production capacities to 8.4 GW and 11.1 GW, respectively, by June 2026, supporting India’s vision for self-reliance in solar energy.
Industry Outlook
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).
Financials & Others
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.
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.
The company has a strong financial position with a successful IPO raising Rs. 1292 crores, a growing order book of Rs. 8,445.6 crores, and cash flow from operations at Rs. 1,348 crores. With a low debt-to-equity ratio of 0.69 and a robust capital base, it plans a total estimated capex of Rs. 12,500 Crores.
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 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 has a total manufacturing capacity of 11.1 GW (including 6 GW under construction). With the commissioning of the new TOPCon line, the company’s solar cell manufacturing capacity has increased from 2 GW to 3.2 GW.
Written by Sridhar J
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