Introduction:
Solar stock secured ₹1,087 crore orders for solar modules and cells, highlighting its growing role in renewable energy. Deliveries begin January 2025, showcasing strong market presence and commitment to large-scale, timely projects.
Share Price movement of Premier Energies Ltd:
On November 25, 2024, Premier Energies Ltd’s (NSE: PREMIERENE) stock opened at ₹1,082.70, reaching an intraday high of ₹1,104.50 and a low of ₹1,052.05. Closing at ₹1,092.20, the stock rose 2.91%, with a market cap of ₹49,233.58 crore.
Premier Energies Ltd Receives ₹1,087 crores order:
Premier Energies Limited announced receiving multiple orders totaling ₹1,087 crore from two Independent Power Producers (IPPs) and a domestic customer. These include ₹964 crore for solar modules and ₹123 crore for solar cells, showcasing the company’s growing market presence in renewable energy.
The supply of solar PV cells and modules is scheduled to begin in January 2025, emphasizing the company’s commitment to timely and large-scale deliveries. These one-time domestic orders underline Premier Energies’ capacity to cater to significant demands in the renewable sector.
As part of compliance, the trading window for the company’s securities will remain closed from November 26 to November 27, 2024. This disclosure aligns with SEBI regulations, reflecting transparency and adherence to corporate governance standards.
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Recent news About Premier Energies Ltd:
Premier Energies had an impressive IPO debut on September 3, with shares listing at ₹990 on NSE, reflecting a 120% premium over the IPO price of ₹450. On BSE, the shares debuted at ₹991, marking a 120.22% premium.
Ace investor holding of Premier Energies Ltd:
Ace investor Sudhir Moola holds a 3.36% stake in Premier Energies Ltd, owning 15,131,679 shares valued at ₹1,658.3 crore. This is a new addition to his portfolio, reflecting strong confidence in the company’s growth potential.
Stock performance of Premier Energies Ltd for Period of 1 week:
Premier Energies Ltd has demonstrated stable performance over the past week, delivering a 1.00% return. This consistent growth reflects steady investor confidence and a positive market response to the company’s operations and recent developments in the renewable energy sector.
Shareholding pattern of Premier Energies Ltd:
All values in % | Sep-24 |
Promoters | 64.25 |
FII | 3.08 |
DII | 6.71 |
Retail & others | 25.94 |
About Premier Energies Ltd:
Premier Energies Ltd is a leading renewable energy company specializing in manufacturing solar PV cells and modules. With a strong focus on innovation and sustainability, the company supports clean energy solutions and caters to domestic and international markets.
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.