Latest news with #PremierEnergies'
Business Standard
24-06-2025
- Business
- Business Standard
CRISIL Upgrades Premier Energies' Credit Rating to 'A / Positive' and 'A1'
NewsVoir Hyderabad (Telangana) [India], June 24: Premier Energies Limited, one of India's leading integrated solar cell and module manufacturers, is pleased to announce that CRISIL Ratings has upgraded its long-term credit rating from 'CRISIL A- / Positive' to 'CRISIL A / Positive' and short-term credit rating from 'CRISIL A2+' to 'CRISIL A1'. The rating upgrade underscores Premier Energies' strong operational performance, disciplined financial management, and strategic initiatives aimed at reinforcing its leadership in India's renewable energy landscape. Chiranjeev Saluja, Managing Director of Premier Energies Limited, commented, "We are honoured by CRISIL's recognition of our consistent performance and growth trajectory. This upgrade reflects the strength of our business fundamentals, the resilience of our strategy, and our steadfast commitment to creating long-term value for our stakeholders. It further enhances the trust of our investors, financial institutions, and customers as we scale our operations and support India's clean energy transition." Nand Kishore Khandelwal, CFO of Premier Energies Limited, added, "The upgraded rating by CRISIL is a testament to the continued strength of Premier Energies' financial position and its commitment to maintaining financial discipline while pursuing our strategic growth objectives. This upgrade positions us well for the next phase of expansion and innovation in the renewable energy sector." The rating upgrade reflects Premier Energies Group's strong operational and financial performance. Consolidated revenue more than doubled to Rs 6,518 crore in FY25, while EBITDA margins improved to 27.3% from 15.6% the previous year. Capacity utilisation also saw a sharp rise, averaging 88% for solar cells and 74% for modules. Backed by a strong order book and sustained demand, the group is well-positioned to execute its expansion plans and maintain momentum. Premier Energies has steadily expanded its manufacturing footprint, embracing cutting-edge technologies and diversifying its product portfolio to meet the dynamic needs of the solar industry. With a total capacity of 11.1 GW (including 6 GW under construction), the company is among India's largest integrated solar cell and module manufacturers. Significant investments are underway in AI-enabled production systems, full vertical integration, and the development of a complementary product suite--including inverters, ingots, wafers, and aluminium frames. These initiatives align with the Government of India's Atmanirbhar Bharat mission, promoting self-reliance in the renewable energy value chain. 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 6 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.
Business Upturn
18-05-2025
- Business
- Business Upturn
Premier Energies and Nuevosol form joint venture to manufacture aluminium frames for solar modules
By Aman Shukla Published on May 18, 2025, 10:16 IST Premier Energies Limited has entered into a strategic joint venture with Nuevosol Energy Private Limited to invest in Premier-Green Aluminium Private Limited, a company dedicated to manufacturing aluminium frames for solar photovoltaic modules. This collaboration marks a significant step in Premier Energies' expansion strategy, aiming to strengthen its presence in the solar manufacturing sector by focusing on high-quality aluminium components. The new joint venture company, Premier-Green Aluminium, will operate within the Indian market and focus on foundry and extrusion processes to produce aluminium frames specifically for solar modules. These components are essential to the structural integrity and performance of solar panels, making their production a crucial aspect of the renewable energy value chain. Under the terms of the joint venture agreement, Premier Energies will hold an 80% equity stake in the new entity, while Nuevosol will own the remaining 20%. Premier-Green Aluminium, currently a wholly owned subsidiary of Premier Energies, will transition into a joint venture structure following this agreement. The board of the joint venture will consist of five directors, with four nominated by Premier Energies and one by Nuevosol. The collaboration aims to establish a state-of-the-art manufacturing facility to support both domestic demand and internal supply requirements. The venture is positioned to benefit from the combined technical and operational strengths of both Premier Energies and Nuevosol, aligning with India's broader push for local manufacturing under the Make-in-India initiative. This development reinforces Premier Energies' commitment to scaling its operations across the solar value chain, while also ensuring a reliable and quality-controlled supply of key module components. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
22-04-2025
- Business
- Business Upturn
Premier Energies shares jump 6% as US imposes heavy duties on Southeast Asian solar imports
Premier Energies' stock price has surged by 6% following the United States' decision to impose hefty anti-dumping and countervailing duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. As of 9:53 AM, the shares were trading 5.51% higter at Rs 1,065.05. The US Department of Commerce recently announced new tariffs, reaching up to a staggering 3,521%, in response to an investigation initiated under former President Joe Biden. The investigation accused solar manufacturers from the four Southeast Asian nations of benefiting from unfair subsidies and dumping practices. This decision adds to the tariffs introduced during the Trump administration, further complicating the global solar supply chain. Premier Energies shares have been experiencing notable fluctuations in the stock market. The stock opened at ₹1,036.85, reached a high of ₹1,079.45, and touched a low of ₹1,016.90. Over the past 52 weeks, the stock has seen a peak of ₹1,388.00 and a low of ₹774.05, reflecting a significant range in its performance. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
