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Premier Energies plans to invest Rs 6,000 cr over 3 years in ingot, wafer biz
Premier Energies is set to invest Rs 6,000 crore over three years to establish ingot and wafer manufacturing capabilities, aiming for full integration in India's solar sector. This move aligns with government policy mandating domestic production of these components from 2028. The company's broader Rs 12,500 crore capex plan also includes expanding cell and module capacity and venturing into inverters, batteries, and transformers.
Waaree, Premier Energies In Focus: China's WTO Complaint Against India's Solar Push Puts Stocks In Spotlight
Shares of solar manufacturers including Waaree Energies, Premier Energies, Vikram Solar, Emmvee and Adani Solar will be in focus after the World Trade Organization (WTO) agreed to set up a dispute panel to examine China's complaint against India over solar equipment and certain information technology products.
Buy, Sell Or Hold: Tata Technologies, Titan, Ashok Leyland, Premier Energies, Solar Industries, Time Technoplast — Ask Profit
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Premier Energies gains 4%, stock soars 55% from 52-week low; here's why
The company is primed to capitalize on the booming solar opportunity with expanded module capacity of 11.1 gigawatts and cell capacity going up to 10.6 gigawatts shortly, says Premier Energies.
Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 cr
Global financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters selling shares worth over Rs 2,291 crore. This investment comes as Premier Energies secured significant orders for solar cells and modules. The company is expanding its manufacturing capacities for cells and modules.
Boost For Premier, Waaree Energies? Govt Says No To Blanket ALMM List II Extension — Here's What It Means
Developers had pushed back hard, citing fears of a domestic solar cell shortage, higher procurement costs and execution delays.
Premier Energies shares in focus as promoters sell stake worth Rs 2,289 crore. Check top buyers
Promoter family members of Premier Energies sold shares worth around Rs 2,289 crore through a block deal, while institutional investors, including Quant Mutual Fund and Nomura, picked up stakes. The development comes amid strong investor interest in renewable energy and domestic solar manufacturing, supported by robust earnings growth and aggressive capacity expansion plans.
Premier Energies bulk deal: Promoters sell stake worth Rs 2,289 crore; Quant, Nomura among top buyers
Premier Energies' promoters divested shares worth nearly Rs 2,289 crore to institutional investors, including Smallcap World Fund and Quant Mutual Fund. This move coincides with heightened interest in India's solar manufacturing sector, driven by policy support and robust earnings. The company is aggressively expanding its module and cell capacities, with analysts maintaining a positive outlook.
Premier Energies Q4 profit jumps 64% as solar demand lifts revenue; plans ₹5,000 crore fundraising
Strong revenue growth boosted Premier Energies’ quarterly profit, while the company also unveiled plans to raise ₹5,000 crore for future expansion.
Q4 Results LIVE Updates: JSW Steel, Muthoot react to results; Tata Steel, Power Grid report today
Q4 Results LIVE Updates: Two Nifty 50 companies Tata Steel and Power Grid along with broader market names like ITC Hotels, Hindustan Copper, Godfrey Phillips, Gland Pharma, Cochin Shipyard, Deepak Nitrite, Balrampur Chini, Arvind, Bajaj Electricals, Aarti Drugs, Aether Industries, Alembic Pharma, NCC, NHPC, Premier Energies, SAIL, SJVN, Solara Active Pharma, Symphony, Thangamayil, Triveni Engineering, VST Tillers, are among the companies reporting their earnings today. JSW Steel, Muthoot Finance, Apollo Tyres, Endurance Tech, Voltas, are some of the other result reactions today. Watch this space for all the LIVE updates.
Premier, Waaree Energies shares have limited upside; JM Financial prefers these names instead
The brokerage expects the sector to see capital expenditure over the next five years, as companies build a competitive and integrated solar manufacturing ecosystem in India. This, it believes, will act as a key entry barrier and a differentiator among players.
Premier Energies valuations attractive after stock drops 40% from peak, JPMorgan says
JPMorgan said that the approved list of models and manufacturers (ALMM)-List 2 will become applicable from June 1, supporting the demand for locally-made solar cells.