Rs 84,456 Million Order Book: Solar Company Commissions New 1.2 GW TOPCon Solar Cell Line
The stock is up over 40 per cent from its 52-week low is Rs 755.55 per share.
Premier Energies Limited has announced a significant advancement in India's solar manufacturing capabilities with the successful commissioning of its new 1.2 GW TOPCon solar cell manufacturing line. Located at Fab City, Hyderabad, Telangana, this state-of-the-art facility positions Premier Energies among the pioneering Indian solar manufacturers to operationalise a TOPCon production line. This new line is designed to produce solar cells with efficiencies exceeding 25%, further enhanced by an advanced 16-busbar architecture for superior power density and energy yield in real-world conditions.
This 1.2 GW cell line substantially boosts Premier Energies' high-efficiency manufacturing capacity, marking a pivotal step towards next-generation solar technologies. The commissioning also aligns with the company's strategic vision for high-efficiency, vertically integrated manufacturing, encompassing everything from ingots and wafers to cells and modules, in strong support of the Government of India's Atmanirbhar Bharat initiative. Premier Energies is aggressively expanding its production, aiming to reach a cell and module capacity of 8.4 GW and 11.1 GW, respectively, by June 2026.
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About the Company
Premier Energies, a publicly listed and leading solar manufacturer, has significantly expanded its capabilities with the commissioning of a new TOPCon line, boosting its solar cell manufacturing capacity from 2 GW to 3.2 GW. This addition contributes to the company's total manufacturing capacity of 11.1 GW, which includes 6 GW currently under construction. Beyond its impressive production scale, Premier Energies is recognised for its commitment to innovation, sustainability, and fostering an employee-centric environment, a testament to which is its Great Place to Work certification for four consecutive years.
Premier Energies is a publicly listed company and a leading player in India’s renewable energy sector with a current manufacturing capacity of 11.1 GW (including 5.8 GW under construction). The company is known for its innovation, sustainability, and employee culture, holding the distinction of winning a Great Place to Work certification for four consecutive years.
Premier Energies Limited has a market capitalisation of more than Rs 47,000 crore and as of March 31, 2025, the order book stands at Rs 84,456 million. The company’s PE is 50x, its ROE is 54 per cent and its ROCE is 42 per cent. The stock is up over 40 per cent from its 52-week low is Rs 755.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.