In a regulatory update issued on Tuesday, the Hyderabad-based solar manufacturer said the newly secured orders will be executed over FY27 and FY28, providing 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.
The company said the order inflows reflect continued confidence among customers in Premier Energies’ product quality, execution capabilities and integrated manufacturing platform. The orders are also aligned with the company’s ongoing capacity expansion plans.
Premier Energies is currently expanding its manufacturing footprint, with plans to reach 10.6 GW of solar cell capacity and 11.1 GW of solar module capacity by September 2026. The company said the latest orders will support these expansion initiatives while strengthening its position in India’s domestic solar manufacturing ecosystem.
Commenting on the development, Chiranjeev Saluja, Managing Director and CEO of Premier Energies, said the robust order inflow underscores the trust customers place in the company’s manufacturing capabilities and technology roadmap. He added that as India accelerates renewable energy deployment under the Atmanirbhar Bharat initiative, the company remains focused on delivering high-quality solar solutions at scale, while strengthening backward integration across the value chain.
Last month, brokerage Nuvama initiated coverage on Premier Energies. Analysts assigned a ‘Buy’ rating on the stock with a 12-month price target of Rs 1,270, citing strong positioning in India’s emerging New Energy sector and an upside potential of 50%.
According to Nuvama, Premier Energies is strategically placed to benefit from the growth of India’s New Energy market, even as demand in the traditional solar segment remains stable. The brokerage highlighted the company’s rising production capacity, integrated manufacturing model and steady Domestic Content Requirement (DCR)-linked realisations as key growth drivers.Nuvama expects Premier Energies’ revenues and EBITDA to grow at a compound annual growth rate of 49% and 43%, respectively, over the FY26–FY28 period, driven by capacity ramp-up and strong order inflows.
Premier Energies will close 2025 in the red as the stock price has slipped 36% YTD.
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