Introduction:
Shares of Premier Energies Limited surged through as a great deal as 4.01% on November 26, 2024, hitting an intraday high of Rs 1,136 according to proportion. This rate soar follows the announcement that the employer’s subsidiaries have secured a couple of huge orders totaling Rs 1,087 crore from major Independent Power Producers (IPP) and an extra consumer.
According to an exchange filing, Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited—arms of the parent company—have received significant orders. Of the total Rs 1,087 crore, Rs 964 crore is for the supply of solar modules, while Rs 123 crore is for solar cells.
The supply of these solar modules is scheduled to begin in January 2025, marking a key milestone for the company’s growth in the renewable energy sector.
The strong order inflow reflects growing confidence in Premier Energies’ ability to deliver high-quality solar products to prominent players in the renewable energy market. The company is an established manufacturer of solar PV cells and modules, and it provides end-to-end solutions,
including solar power generation systems, operations and maintenance services, and even custom-made solar tiles.
Premier Energies Secures Rs 1,087 Crore Orders, Boosting Stock by 4%:
Following the announcement, Premier Energies’ stock remained strong, trading 2.69% higher at Rs 1,121.55 at 9:33 AM, compared to a 0.32% rise in the BSE Sensex at that time.
This development marks another positive chapter for Premier Energies, which made a strong debut on the stock market in September 2024. The company listed at a 120% premium, further reinforcing investor confidence in its growing role in the solar energy sector.
Additionally, the company noted that its trading window would remain closed from November 26 to November 27, 2024, and is set to reopen on November 28, 2024.
Conclusion:
About Premier Energies: Premier Energies is an integrated player in the solar energy industry, producing solar PV cells and modules, including custom-made solutions for various applications. It offers comprehensive services for solar power generation projects, ranging from ground-mounted and rooftop systems to floating and hybrid solutions.
The company also operates as an Independent Power Producer, generating solar power at its plant in Jharkhand. This latest set of orders positions Premier Energies as a significant player in India’s burgeoning solar sector, reinforcing its future growth prospects as demand for renewable energy continues to rise.
Frequently Asked Questions FAQ –
1. What is the latest development with Premier Energies?
Premier Energies recently announced that its subsidiaries have secured multiple large orders totaling Rs 1,087 crore. These orders are from two major Independent Power Producers (IPPs) and another customer. The orders include Rs 964 crore for solar modules and Rs 123 crore for solar cells, with the supply set to begin in January 2025.
2. How did Premier Energies’ stock react to this announcement?
Premier Energies’ stock saw a notable increase, rising by up to 4.01% to hit an intraday high of Rs 1,136 per share on November 26, 2024. At 9:33 AM, the stock was trading 2.69% higher at Rs 1,121.55 per share.
3. When will Premier Energies begin supplying the solar modules?
The supply of the solar modules, which make up the majority of the Rs 1,087 crore order, is scheduled to begin in January 2025.
4. How did Premier Energies perform in its stock market debut?
Premier Energies made a strong debut on the stock market on September 3, 2024. The company’s shares listed at Rs 991 on the BSE, marking a 120.22% premium over the issue price of Rs 450, reflecting investor confidence in the company’s future prospects.
5. What does Premier Energies specialize in?
Premier Energies is an integrated manufacturer of solar photovoltaic (PV) cells and solar modules. The company also offers end-to-end services for solar power generation systems, including ground-mounted, rooftop, floating, and hybrid installations. Additionally, Premier Energies operates as an independent power producer and provides operations and maintenance (O&M) services for executed projects.
6. What are Premier Energies’ plans for the future?
With the latest order wins, Premier Energies is poised for significant growth in the solar energy sector. The company aims to strengthen its position as a leading manufacturer and supplier of solar modules and cells while expanding its services for large-scale solar power projects across India and beyond.
7. What is the trading window for Premier Energies’ stock?
As per the company’s announcement, the trading window will remain closed from November 26 to November 27, 2024, and will reopen on November 28, 2024.
8. Where does Premier Energies generate solar power?
Premier Energies generates solar power from its plant in Jharkhand, where it operates as an independent power producer, generating 2 MW of solar power.
9. Why is this order win significant for Premier Energies?
The Rs 1,087 crore order win is a major achievement for Premier Energies, demonstrating strong demand for its solar products and services. The orders reflect growing confidence in the company’s capabilities and its role in India’s expanding renewable energy market.
10. How can I invest in Premier Energies?
To invest in Premier Energies, you can buy shares through the stock exchanges where the company is listed, such as the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE), using a brokerage account.
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