Solar Modules & PV Cells Manufacturer and Sino-American Silicon Products Inc. Announce a Joint Venture for Solar Wafer Manufacturing
Premier Energies Limited has a market capitalisation of more than Rs 50,000 crore and as of December 31, 2024, the order book stands at Rs 69,461 million.
On Friday, shares of Premier Energies Limited gained 8.81 per cent to Rs 1,127.15 per share from its previous 1,035.85 per share with an intraday high of Rs 1,139.90 and an intraday low of Rs 1,040.65. The stock’s 52-week high of Rs 1,387.10 per share while its 52-week low is Rs 755.55 per share.
Premier Energies Limited, an integrated solar cell and module manufacturer, has signed a 74:26 joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS), whose subsidiary, GlobalWafers Co. Ltd., is the world’s third-largest manufacturer of semiconductor silicon wafer with expertise in the research, development, and manufacturing of Silicon wafers.
The JV will establish a 2 GW per annum state-of-the-art manufacturing plant in India. It will slice polysilicon ingots into silicon wafers for use in the production of photovoltaic cells and modules. The collaboration aims to bring together Premier Energies' large-scale manufacturing capabilities with SAS’s advanced expertise in semiconductor wafer manufacturing.
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About the Company
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.
The current stock price of Premier Energies Limited is below Rs 1,200 per share. Premier Energies Limited has a market capitalisation of more than Rs 50,000 crore and as of December 31, 2024, the order book stands at Rs 69,461 million. The company’s PE ratio is 220.
Disclaimer: The article is for informational purposes only and not investment advice.