Latest news with #PremierEnergiesLimited
India.com
7 days ago
- Business
- India.com
US begins probe against these Indian companies, shares fall, the companies are....
Trump on India trade Shares of Waaree Energies Limited and Premier Energies Limited were in focus on Wednesday, August 13 after Waaree Energies' stock fell by up to 5 per cent, dropping to Rs. 2,957.70, and Premier Energies' stock slipped by about 2 per cent to Rs. 996.20. The fall came after the US Department of Commerce has started an anti-dumping duty investigation, which has worried investors. Fears that such a duty might be imposed have put pressure on both stocks. What's anti-dumping duty investigation? The investigation is about the solar products these companies sell in the US market. Authorities want to check if they are being exported at prices lower than the actual cost, which could harm local US companies. The US Department of Commerce has started an anti-dumping duty and countervailing duty probe on crystalline silicon photovoltaic (CSPV) cells whether they are shipped as standalone solar cells or assembled into modules from India, Indonesia, and Laos. Dependence on the US market According to the US Department of Commerce website, India is allegedly 'dumping' solar cells in the US at a margin of 123 per cent and receiving a subsidy rate of 2 per cent. The department's preliminary findings on Indian solar cell imports will be released on September 2, 2025. At the end of the June quarter, Waaree Energies had an order book worth Rs. 49,000 crore for 25 gigawatts, with exports making up 41.3 per cent of the total. During the quarter, Waaree received orders for about 2.23 gigawatts, most of them from US-based clients. Premier Energies, however, has less exposure to the US market and is more focused on domestic sales.
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.
Fashion Value Chain
24-06-2025
- Business
- Fashion Value Chain
CRISIL Upgrades Premier Energies' Credit Rating to ‘A / Positive' and ‘A1'
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. Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited Mr. 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.' Mr. 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. About Premier Energies Limited 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.
The Wire
20-05-2025
- Business
- The Wire
Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing
Hyderabad, Telangana, India (NewsVoir) 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 … Continue reading "Premier Energies Limited and Sino-American Silicon Products Inc. Announce a Joint- Venture for Solar Wafer Manufacturing"
Time of India
19-05-2025
- Business
- Time of India
Premier Energies, Taiwan's SAS form JV for 2 GW solar wafer unit in India
New Delhi: Premier Energies Limited has signed a joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS) to set up a 2 GW per annum silicon wafer manufacturing plant in India. Under the agreement, Premier Energies will hold a 74 per cent stake and SAS will hold 26 per cent. SAS, through its subsidiary GlobalWafers Co. Ltd., is the third-largest global manufacturer of semiconductor silicon wafers. The new facility will slice polysilicon ingots into wafers for use in the production of photovoltaic cells and modules. The venture marks Premier Energies' backward integration into solar wafer production and is aimed at strengthening the local solar manufacturing value chain . 'This agreement marks the start of our backward integration into solar wafers. We are excited to partner with SAS to produce high-quality solar wafers to increase the share of local manufacturing in the solar value chain. The JV will play a pivotal role in strengthening the Make-in-India policy initiative of the Indian government,' said Chiranjeev Saluja, Managing Director, Premier Energies. Doris Hsu, Chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers Co., Ltd., said, 'This cooperation will be an important step for our future development in India. SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industries in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of the Indian market.'
