Premier Energies Ltd News

Analysts see big boom in battery storage; RIL, Waaree among key gainers

With 100GWh, 20GWh and 12GWh of planned capacities respectively, these players are set to benefit from what Nuvama calls an imminent J-curve demand breakout, reaffirming its 'Buy' rating on the theme.

Nuvama starts coverage on Premier Energies with 'Buy', sees J-curve growth

The brokerage argues that Premier Energies is strategically positioning itself to capture exponential growth in the New Energy ecosystem, even as its core solar business remains on solid footing.

Premier Energies enters transformer manufacturing with 51% Transcon stake

Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 per cent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key milestone in its strategy to become a fully-integrated clean energy solutions provider, Premier Energies said in a statement. The renewable energy player said it has entered into definitive agreements to acquire a 51 per cent ownership interest in Transcon Industries for a total consideration of Rs 500.3 crore. "This investment marks our foray into the fast-growing transformer business on the back of surging renewable power capacity addition and growing electrification of the economy," Premier Energies MD & CEO Chiranjeev Saluja said. The acquisition of Transcon, which manufactures a wider range of transformers, including solar and distribution, will help Premier Energies move further downstream, offering integrated and bundled solutions to power producers, DISCOMs, and

Premier Energies secures $20 million solar contracts in West Africa

Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts covers installation of 750 rooftop solar systems at key socio-community facilities, including district police stations, educational institutions, health centres and special border surveillance units, plus installation of over 4,400 high-efficiency solar streetlights and 650 solar water heaters. Financing for the project valued at USD 19.95 million is secured through a Line of Credit from the Export-Import Bank of India (EXIM

Anand Rathi bullish on 2 solar stocks; eyes up to 33% upside: Here's why

Against this backdrop of sector tailwinds and resilient profitability, the brokerage has initiated coverage on Premier Energies with a Buy recommendation

Nomura bets on Waaree, Premier as Indian solar capacity to grow 3x by 2030

To meet the robust demand, Nomura analysts project India will add ~309GW of installed capacity between FY25-30F, with renewables (RE) accounting for the bulk of the expansion.

Premier Energies shares rise 3% as subsidiaries bag orders worth ₹2,703 cr

At 10:00 AM, Premier Energies share price was trading 2.26 per cent higher at ₹1,015.65 per share. In comparison, BSE Sensex was trading 0.49 per cent higher at 80,198.64 levels.

Dividend stocks: Premier Energies, NBCC, 25 others to remain in focus today

Dividend stocks today: Here is the complete list of stocks that will remain in focus today as they trade ex-dividend on August 29, along with their respective dividend announcements and record dates: