Premier Energies Limited has announced a significant development in its joint venture for the solar photovoltaic module aluminium frames business. The company's joint venture entity, Premier-Green Aluminium Private Limited, has allotted 25,000 equity shares to its partner, Nuevosol Energy Private Limited, marking a crucial step in their collaboration.

Key Highlights of the Joint Venture Update

Equity Structure and Future Plans

Following this allotment, the ownership structure of the joint venture has been clearly defined:

• Premier Energies Limited now holds an 80% stake in the joint venture company.
• Nuevosol Energy Private Limited owns the remaining 20% of the equity share capital.

The joint venture company has outlined plans for its future operations:

1. Capital Raising: The company intends to raise additional capital of approximately ₹60 crores. This fundraising will be conducted in tranches to support the implementation of the project.

2. Financing Strategy: In addition to the equity capital, the joint venture plans to secure borrowings from banks and financial institutions to further bolster its financial position.

Project Focus

The primary focus of this joint venture is the extrusion of aluminium frames for solar photovoltaic modules. This strategic partnership aims to capitalize on the growing demand in the solar energy sector, particularly in the manufacturing of critical components for solar panels.

Implications for the Solar Industry

This development signifies a commitment from Premier Energies and Nuevosol Energy towards enhancing the domestic manufacturing capabilities in the solar energy sector. By focusing on aluminium frames for solar PV modules, the joint venture is positioning itself as a player in the solar energy supply chain.

The investment in this venture, along with the planned capital raising, indicates confidence in the growth potential of the solar energy market in India. As the country continues to push for increased adoption of renewable energy, partnerships like this are important in building a robust solar manufacturing ecosystem.

Conclusion

Premier Energies' move to strengthen its joint venture in the solar PV module aluminium frames business demonstrates the company's commitment to expanding its presence in the renewable energy sector. With a defined equity structure and funding plans, Premier-Green Aluminium Private Limited is positioned to contribute to the solar energy manufacturing landscape in India.

Investors and industry observers may keep a watch on the progress of this joint venture, as it could play a role in Premier Energies' growth strategy and the broader development of India's solar energy infrastructure.

Premier Energies Limited , a leading solar cell and module manufacturer, has reported record revenue and profit numbers for the quarter and half-year ended September 30, 2025. The company also announced significant expansion plans and new order wins, showcasing strong growth momentum in the renewable energy sector.

Financial Highlights

Premier Energies achieved record revenue and profit figures for Q2 FY26, although specific numbers were not disclosed. The company's performance was driven by increased production volumes and operational efficiencies.

New Orders and Expansion Plans

The company secured new orders worth INR 6,511.00 crores during the quarter from top-tier independent power producers, indicating robust demand for its products. This substantial order inflow has significantly bolstered Premier Energies' order book.

Accelerated Capacity Expansion

Premier Energies revealed plans to scale up its 4.8-gigawatt TOPCon cell project in Naidupeta, Andhra Pradesh to 7 gigawatt. This expansion is expected to bring the company's total cell capacity to 10.6 gigawatt by September 2026, advancing their original FY28 target by 18 months. The company plans to fund this expansion entirely through internal accruals, without incurring new debt.

Strategic Acquisitions

Premier Energies completed two strategic acquisitions to diversify its product portfolio:

1. KSolare (inverter business): This acquisition, in partnership with Syrma SGS, aims to strengthen Premier Energies' position in the residential inverter market. KSolare reported revenues of INR 143.00 crores in FY25.

2. Transcon (transformer business): The acquisition of Transcon is set to significantly boost Premier Energies' transformer manufacturing capabilities. Transcon's production capacity is expected to increase from 2.5 GVA to 16.75 GVA by April 2026.

Operational Updates

The company's new 1.2 gigawatt TOPCon cell line, commissioned in Q1, is ramping up and expected to reach full utilization by December 2025. This additional capacity will further strengthen Premier Energies' production capabilities.

Challenges and Outlook

While the company reported strong performance, it noted that revenue growth was temporarily impacted by unprecedented rains affecting customer site deliveries. Additionally, GST rate reductions led to postponed shipments beyond September 22, 2025.

Looking ahead, Premier Energies remains optimistic about the solar energy sector's growth prospects. The company's expanded capacity and diversified product portfolio position it well to capitalize on the increasing demand for renewable energy solutions in India and potentially in international markets.

Management Commentary

During the earnings conference call, Chiranjeev Singh Saluja, Managing Director of Premier Energies, emphasized the company's strong execution capabilities and strategic initiatives. He stated, "Our vision for this business is to increase the share of domestic value addition and market penetration over time."

The management also highlighted that the business stands on solid ground, supported by growing renewable power demand, improving technology, falling costs, and the government's commitment to domestic manufacturing.

As Premier Energies continues to expand its capacity and diversify its product offerings, it aims to strengthen its position as a leading player in India's renewable energy sector. The company's focus on backward integration and adoption of cutting-edge technologies is expected to drive its growth in the coming years.