Integrated solar cell and module manufacturer Premier Energies has announced that it secured new orders aggregating ₹2,307.30 crore during the third quarter of FY26. The company stated that the execution of these orders is scheduled across FY27 and FY28, providing strong medium-term revenue visibility.
The contracts have been awarded by a mix of leading domestic Independent Power Producers (IPPs) and other prominent customers in India. According to the company, the continued order inflow reflects customer confidence in Premier Energies’ product quality, execution capabilities, technology roadmap, and integrated manufacturing platform.
In an exchange filing, Premier Energies said that the new orders will support its ongoing capacity expansion plans, under which the company aims to scale up to 10.6 GW of solar cell manufacturing capacity and 11.1 GW of solar module capacity by September 2026.
Commenting on the development, Chiranjeev Saluja, Managing Director and CEO, Premier Energies, said, “This robust order inflow underscores the trust our customers place in our manufacturing capabilities and technology roadmap. As India accelerates renewable energy deployment under the Atmanirbhar Bharat initiative, we remain focused on delivering high-quality solar solutions at scale while strengthening our backward integration and integrated manufacturing platform”.
Following the announcement, Premier Energies’ shares were in focus on Wednesday, December 31. The stock rose as much as 3.45% to ₹881.50 on the National Stock Exchange (NSE) and was trading 0.93% higher at ₹859.95 at 9:25 am. The scrip has a 52-week high of ₹1,384 recorded on January 1, 2025, and a 52-week low of ₹774.05 hit on April 7, 2025. The company also debuted with futures and options contracts on the same day.
On the financial front, Premier Energies reported a 71.61% year-on-year rise in consolidated net profit to ₹353.43 crore in Q2 FY26, compared with ₹205.94 crore in the corresponding quarter of the previous fiscal. Consolidated revenue from operations increased 20.27% to ₹1,836.86 crore during the quarter, from ₹1,527.22 crore a year earlier.
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