Premier Energies, established in 1995, is one of India's largest integrated solar cell and module manufacturers as well as India's second largest solar cell manufacturer in terms of annual installed capacity. The company has evolved from a solar energy startup to a comprehensive renewable energy solutions provider, serving markets across 30 countries globally and maintaining a strong presence in India's rapidly growing solar industry.
As of FY24, Premier Energies is India's second largest integrated solar cell and solar module manufacturer and India's second largest solar cell manufacturer with an aggregate annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules. The company operates from state-of-the-art manufacturing facilities strategically located across three sites in Telangana, covering an aggregate land area of over 44.91 acres. The company was founded in 1995 by Shri Surendarpal Singh Saluja with the goal to harness the sun's energy by incorporating it into solar cells and modules.
The company's business model encompasses the entire solar value chain, from manufacturing solar cells and modules to providing turnkey engineering, procurement, and construction (EPC) solutions for solar power plants. The Company also provides engineering, procurement, and construction (EPC) solutions, operating and maintenance (O&M) services, and operates as an Independent Power Producer (IPP). This integrated approach has positioned Premier Energies as a comprehensive solutions provider in the renewable energy sector.
Premier Energies has demonstrated significant technological advancement in solar manufacturing. Premier Energies has commissioned a new 1.2 GW TOPCon solar cell manufacturing line in Hyderabad, pushing its solar cell capacity to 3.2 GW. Premier Energies has become one of the first few Indian manufacturers to operationalize the cutting-edge TOPCon (Tunnel Oxide Passivated Contact) solar technology. This 1.2 GW line is capable of delivering solar cell efficiencies exceeding 25%, supported by a 16-busbar architecture that enhances power density and boosts energy yield under real-world conditions.
The company's current manufacturing infrastructure includes automated production lines capable of handling next-generation solar technologies. It is equipped with the industry's best automated mono PERC manufacturing line (with a cell efficiency of 22.9%), and is capable of handling upcoming technologies of cells with larger sizes such as M10, M12, and Multi-Busbar cells. Additionally, it even possesses a fully-automated module line, for handling half-cut cells and bifacial modules.
Premier Energies has announced ambitious expansion plans to significantly increase its manufacturing capacity. The firm's current target includes scaling its cell and module production capacity to 8.4 GW and 11.1 GW, respectively, by June 2026. With these facilities, our total capacity would reach 7 GW per annum for solar cells and 9.1 GW per annum for modules by June 2026. Simultaneously, we have planned further backward integration into wafers with a 2 GW per annum facility, which is coming up and is also targeted for commissioning by FY26.
The company is also diversifying its manufacturing capabilities through strategic partnerships and vertical integration. Premier Energies, a solar cell and module manufacturer in India, will set up an aluminum frame manufacturing facility with a capacity of 36,000 metric tons per annum for captive consumption. This move towards backward integration demonstrates the company's strategy to control more of its supply chain and reduce dependency on external suppliers.
Premier Energies has delivered strong financial performance, particularly in recent quarters. For the full year, net profit rose 305.05% to ₹937.13 Crore in the year ended March 2025, as against ₹231.36 Crore during the previous year ended March 2024. Sales rose 107.35% to ₹6,518.75 Crore in the year ended March 2025, as against ₹3,143.79 Crore during the previous year ended March 2024.
The company's quarterly performance has been equally impressive. Net profit of Premier Energies rose 167.23% to ₹277.81 Crore in the quarter ended March 2025, as against ₹103.96 Crore during the previous quarter ended March 2024. Sales rose 43.87% to ₹1,620.84 Crore in the quarter ended March 2025, as against ₹1,126.59 Crore during the previous quarter ended March 2024.
Key Financial Metrics (March 2025):
* Revenue: ₹6,518.75 Crore (FY25)
* Net Profit: ₹937.13 Crore (FY25)
* Revenue Growth: 107.35% YoY (FY25)
* Net Profit Growth: 305.05% YoY (FY25)
* Q4 FY25 Revenue: ₹1,620.84 Crore
* Q4 FY25 Net Profit: ₹277.81 Crore
Premier Energies has a market capitalization of ₹47,705 Crore, making it one of the significant players in India's renewable energy sector. The company maintains a promoter holding of 64.2%, indicating strong promoter confidence in the business.
Premier Energies has received significant industry recognition for its sustainable business practices and workplace culture. Premier Energies is the first solar manufacturer in India to achieve the feat of being certified as a Great Place to Work three years in a row. The company has also been recognized for its environmental initiatives, having received awards for sustainable business practices in water treatment and conservation.
The company has also secured significant orders to support its growth trajectory. Recent announcements indicate strong order book momentum, with the company securing substantial contracts for solar module supply. CRISIL upgrades Premier Energies' ratings; ₹4,500 Crore capex planned for solar capacity expansion through 2027.
Premier Energies continues to strengthen its position in the solar manufacturing sector through technological advancement, capacity expansion, and strategic partnerships. The company's focus on next-generation technologies like TOPCon and its comprehensive approach to the solar value chain positions it well to capitalize on India's growing renewable energy market and the global transition towards clean energy solutions.
