Shares of Premier Energies Ltd were trading in the green and 1% higher on 14 February after the company announced that they had received an order for delivering solar PV modules for Rs 1,234 crore.
The supply of these modules is anticipated to begin in April 2025.
Premier Energies said that its existing clientele had placed two orders.
The government has recently bolstered its support for the business with several programs, which has helped it, among other things, to ward off Chinese competition.
Even if they are significant, the current import limitations are still quite minimal. The proposed regulations would effectively limit domestic competition to Indian manufacturers of solar integrated cells and modules after June 2026.
Separately, Indian manufacturers are reaping the benefits of future export markets, especially in the United States.
Over the next two years, it is expected that Premier Energies will raise its existing 2GW and 3GW cell and module capabilities to 7GW and 8GW, respectively. Consequently, earnings are expected to grow at a 90% CAGR in FY24–27E.
Integrated solar cells and solar panels are manufactured by Premier Energies. Products offered by the company include solar modules, monofacial and bifacial modules, cells, O&M solutions, and EPC solutions.
However, at 12:39 pm, the shares of Premier Energies shed all their early gains and were trading 3.55% higher at Rs 964.70 on NSE.
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