Premier Energies has recently commissioned a new 400 MW solar cell production line at its E-City plant in Maheshwaram, Telangana.
The announcement was made by the Hyderabad-based company, which operates its subsidiary, Premier Energies Photovoltaic. The ongoing expansion at the current plant includes the new Mono PERC (Passivated Emitter and Rear Cell) line.
Capacity Gets a Boost
This addition gives 3.6 GW of operating solar cell capacity to Premier Energies. It is also in the process of constructing another 6.8 GW of cell manufacturing.
The company operates a 5.1 GW module-level capacity, with 6 GW under development.
Premier Energies is striving to reach 10.6 GW of cell capacity and 11.1 GW of module capacity by the year September 2026. Achieving this goal would position Premier Energies among the largest integrated solar manufacturers in the country.
Sell and Growth
This is timely given the company’s recent order wins. Premier Energies secured a contract worth 2307 crore in the December quarter alone.
These orders were made by the domestic independent power producers and other Indian customers. The deliveries will be during FY27 and FY28 and will provide the company with strong revenue stability within the next two years.
Financials Tell a Good Story
Premier Energies recorded revenue of Rs 1,837 crore in the second quarter of FY26, which is a 20 percent increase over the second quarter of FY25. The growth was caused by improved operational efficiency and stable domestic demand.
The company attributed the improved margins to a stronger product mix.
Africa Project Adds International Flavour
Recently, Premier Energies won a contract worth close to $20 million in Benin, West Africa. The contract entails installing 750 rooftop solar systems at police stations, schools, and health centres.
The company will also install more than 4,400 solar streetlights and 650 solar water heaters in the country.
Indian Manufacturing – Bigger Picture
The total solar module manufacturing capacity and cell capacity increased by 44.2 GW and 7.5 GW in India alone in the first half of 2025. Premier Energies has been capitalising on this growth as domestic players expand to meet rising demand and reduce reliance on imports.
