Premier Energies subsidiary, has entered into a Module Supply Agreement (MSA) with BN Hybrid Power-1

Premier Energies Limited is a supplier of integrated solar panels and cells, as well as a manufacturer within the solar ecosystem. Its product line consists of solar modules, monofacial and bifacial modules, cells, O&M solutions, EPC solutions, and modules. Its robust order book, valued at Rs. 5,926.56 crores, is as of July 31, 2024. At 2. GW in installed capacity annually and a 25% market share, Premier Energies Limited is the country’s second-largest producer of solar cells. With 4.13 GW of installed capacity annually and a 6% market share, it ranks fourth among solar model manufacturers in India. It currently has a 2 GW installed capacity solar cell manufacturing facility, and plans are underway to set up a 1 GW facility with the aim of expanding it to 7 GW. Additionally, there is a 4 GW solar module manufacturing facility with plans to expand it to 8 GW, requiring a capital expenditure plan of Rs. 3,400 crore, which will be partially financed with proceeds from the IPO and other sources.

The shares of Premier Energies Limited increased 6% intraday today

A Module Supply Agreement (MSA) between BN Hybrid Power-1 Private Limited, a Special Purpose Vehicle (SPV) of BrightNight India, and Premier Energies Limited’s subsidiary, Premier Energies International Private Ltd., was signed. According to the agreement, Premier Energies Limited will supply 173.35 MWp of N-type bifacial solar modules with the newest Topcon technology for the 300 MW FDRE (Wind, Solar, and Energy Storage) Power Project at Barmer, Rajasthan, owned by BN Hybrid Power-1 Private Limited. The module supply is expected to start in July 2025.

Premier Energies Limited revenue model

Premier Energies Limited’s revenue was primarily derived from the sale of solar modules, with solar cells coming in second with 22.48%, EPC projects at 4.3%, and traded goods at 8.21%. Exports accounted for 13.99% of revenue, with 86.01% coming from the home market.

Current stock movement for Premier Energies Limited

The stock of Premier Energies is currently trading at Rs. 1,060.90 per share, up 5% intraday, and it has reached a high of Rs. 1,084.70, up more than 6% intraday.

Premier Energies Limited, supported by Blackrock, is carving out a niche for itself in the solar market and accelerating the development of quality projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.