Premier Energies Limited, stated that its subsidiaries, Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd., have received orders amounting to a total of INR 765 crore.
● The orders are for solar modules and solar cells, with a breakdown as follows:
○ Solar Modules: INR 632 Crore
○ Solar Cells: INR 133 Crore
● These are one-time orders from a total of nine customers - eight domestic and one international.
● Supply is expected to commence in July 2025.
● There is no involvement of the promoter/promoter group/group companies in the entities awarding the orders.
● The orders do not fall under related party transactions.
This information suggests that Premier Energies Limited is experiencing significant demand for its solar products, both domestically and internationally. The substantial value of these orders, totalling INR 765 Crore, indicates a positive outlook for the company's future earnings.
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