In a significant boost to its renewable energy portfolio, Premier Energies Photovoltaic Private Limited, a subsidiary of Premier Energies Limited, has secured orders worth INR 1234 Crore from its existing domestic customers for the supply of solar modules. The supply of these modules is set to commence from April 2025, marking a major milestone for the company in the solar energy sector.
Key Highlights of the Orders:
Order Value: INR 1234 Crore.
Customers: Existing domestic clients.
Supply Timeline: Commencing from April 2025.
Nature of Contracts: One-time contracts.
Related Party Transactions: The orders do not fall under related party transactions, and the promoter group has no interest in the entities that awarded the contracts.
Why This Matters:
The solar energy sector in India is experiencing rapid growth, driven by the government’s push for renewable energy and the increasing demand for sustainable power solutions. Premier Energies’ ability to secure such a substantial order underscores its strong market presence, technical expertise, and reliability as a supplier of high-quality solar modules.
These orders not only reflect the trust and confidence of Premier Energies’ existing customers but also highlight the company’s commitment to supporting India’s renewable energy goals. By delivering cutting-edge solar modules, Premier Energies is contributing to the nation’s transition towards cleaner and greener energy sources.
Looking Ahead:
With the supply of solar modules set to begin in April 2025, Premier Energies is gearing up to meet the growing demand for renewable energy solutions. This order is expected to strengthen the company’s position in the domestic solar market and pave the way for further growth and expansion in the renewable energy sector.
As Premier Energies continues to innovate and deliver high-performance solar solutions, it remains a key player in India’s journey towards a sustainable energy future.
