Premier Energies secures Rs 3,011 crore solar orders in Q1 FY27

Premier Energies Limited has secured orders worth Rs 3,011 crore during the April–June quarter for the supply of 1,846 MW of solar cells and modules. Deliveries under the contracts are scheduled across FY 2027 and FY 2028.

The orders have been received from a mix of leading power producers, module manufacturers, EPC companies and other customers. The company said the order inflow supports its ongoing manufacturing expansion as demand for domestically produced solar equipment continues to grow.

Manufacturing expansion underway

Premier Energies recently expanded its solar module manufacturing capacity from 5.5 GW to 11.1 GW. Its solar cell manufacturing capacity is also under expansion and is expected to increase from 3.6 GW to 10.6 GW by September 2026. The latest order wins are expected to support the utilisation of these expanded manufacturing facilities.

Management comment

Commenting on the development, Mr. Chiranjeev Saluja, Managing Director, Premier Energies, said: “Premier Energies is embarking on a high-growth strategy supported by booming solar demand and the Indian government’s policy commitment to Make-in-India. Timely implementation of ALMM-2 policy, as recently announced, for domestic manufacturing of solar cells is a critical enabler of business growth. These new orders reflect the leadership position built by Premier Energies with investments in new technologies, scale and product quality. We remain focused on delivering reliable, high-efficiency solar solutions to our customers while supporting India’s clean energy and self-reliance goals.”