Premier Energies jumps after arm bags multiple orders aggregating to Rs 765 cr

Premier Energies rallied 6.38% to Rs 1177.75 after the company's subsidiaries, Premier Energies International, Premier Energies Photovoltaic has received multiple orders from various customers amounting to a total value of Rs 765 crore.

The company has received orders from 8 domestic customers and 1 foreign customer. The said order comprises Rs 632 crore for solar modules and Rs 133 crore for solar cells.

The supply of modules & cells are scheduled to be commenced in July 2025.

Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications.

The companys consolidated net profit surged 532.49% to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, up 171.25% as compared with Rs 611.02 crore in Q1 FY24.

 

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