Introduction:
Leading renewable energy company has secured orders worth ₹1,460 crore from major Independent Power Producers (IPP). The orders, including solar modules and cells, are scheduled to begin supply in May 2025, enhancing the company’s position in India’s solar energy market.
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Share price movement of Premier Energies:
On January 15, 2025, Premier Energies Ltd. opened at ₹1,169.90, up 4.88% from its previous close of ₹1,115.40. The stock reached a high of ₹1,179.20 (5.73%) and a low of ₹1,127.00. By 10:57 AM, it traded at ₹1,140.65, a 2.26% increase, with a market cap of ₹51,417.58 crore.
Premier Energies Secures ₹1,460 Crore Orders:
Premier Energies Limited announced that its subsidiaries have secured orders worth ₹1,460 crore from two major Independent Power Producers (IPP) and others. The orders include ₹1,041 crore for solar modules and ₹419 crore for solar cells.
These orders, marking a significant milestone for the company, are scheduled to commence in May 2025. Premier Energies will supply solar photovoltaic cells and modules, reflecting the growing demand for renewable energy solutions. The deals are a part of the company’s long-term growth strategy.
The order is a one-time contract with no related party transactions involved. This development strengthens Premier Energies’ position in the solar energy sector, further solidifying its business prospects and expanding its presence in India’s growing renewable energy market.
Stock performance of Premier Energies for Period of 1 week and 1 month:
Premier Energies Ltd. has seen a decline in its stock performance, with a -11.1% return over the past week and a -18.8% return over the last month. These figures reflect recent challenges faced by the company in the market.
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Shareholding pattern of Premier Energies:
| All values in % | Sep 2024 | Aug 30, 2024 |
| Promoter | 64.30% | 64.30% |
| FII | 3% | 3% |
| DII | 6.70% | 6.70% |
| Public | 25.10% | 25% |
| Others | 0.90% | 0.90% |
About Premier Energies:
Premier Energies Ltd. (NSE Symbol: PREMIERENE) is India’s second-largest integrated solar cell and module manufacturer, with a capacity of 2 GW for cells and 3.36 GW for modules. It also offers EPC solutions, O&M services, and IPP services.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
