Premier Energies Limited, through its subsidiaries Premier Energies International Private Limited and Premier Energies Photovoltaic Private Limited, has secured multiple orders worth Rs 5.60 billion from two major domestic independent power producers (IPPs). These orders include Rs 5.13 billion for solar photovoltaic (PV) modules and Rs 0.47 billion for solar PV cells. The orders are structured as one-time contracts, with the supply of modules and cells scheduled to begin in December 2024 and conclude by May 2025.
In August 2024, Premier Energies launched their IPO valued at Rs 28.304 billion. The price band was Rs 427 to Rs 450 per equity share of face value of Re 1 each. The minimum bid was 33 shares and further bidding could be done in multiples of 33 equity shares. In July 2024, Premier Energies Limited, along with its subsidiaries Premier Energies International and Premier Energies Photovoltaic, signed a 350 MW solar module supply agreement with Apraava Energy.
