Premier Energies Limited , a leading Indian solar manufacturer, has announced robust financial results for the quarter ended September 30, 2025, alongside significant expansion plans and strategic acquisitions.

Financial Highlights

Premier Energies reported impressive growth in its Q2 FY2026 financial performance:

The company's EBITDA margin improved to 33.59% in Q2 FY2026, up from 26.19% in the same quarter last year, indicating enhanced operational efficiency.

Expansion of Solar Manufacturing Capacity

Premier Energies announced plans to expand its Solar PV Topcon Cell manufacturing facility at Naidupeta, Andhra Pradesh. The company's board has approved augmenting the capacity to 7 GW, up from the previously planned 4.8 GW. This expansion will be executed through its wholly-owned subsidiary, Premier Energies Global Environment Private Limited, with an additional investment of ₹502 crore.

The expansion project highlights include:

• Incremental capex to be financed through internal accruals
• Capital expenditure spread over FY 2026-27
• Target completion dates: 4.8 GW by June 2026; remaining 2.2 GW by September 2026

Strategic Acquisitions

Premier Energies plans to diversify its product portfolio with two significant acquisitions:

1. KSolare Energy Private Limited: The company has entered into an agreement to acquire a 51% stake in KSolare for up to ₹867 crore. KSolare specializes in manufacturing solar inverters and providing smart energy solutions.

2. Transcon Ind Limited: Premier Energies plans to acquire a 51% stake in Transcon for up to ₹5,003 crore. This acquisition will mark the company's entry into the transformer manufacturing business.

These acquisitions are subject to price determination mechanisms and fulfillment of closing conditions as per the respective agreements.

Management Changes

The company has appointed Mrs. Niyathi Naidu Madasu as the Chief Human Resources Officer for the Premier Energies Group, effective January 5, 2026. Mrs. Madasu brings over two decades of experience in talent management and organizational transformation.

Order Book and Production

As of September 30, 2025, Premier Energies' order book stood at ₹132,496 crore, with cells accounting for 59% and modules for 40% of the total value. The company's production volumes have shown significant growth, with cell production reaching 507 MW and module production hitting 961 MW in Q2 FY2026.

Future Outlook

With its expanded manufacturing capacity, strategic acquisitions, and strong order book, Premier Energies is well-positioned to capitalize on the growing demand for solar products in India and globally. The company's focus on backward integration and diversification into allied products like inverters and transformers is expected to create new growth avenues and enhance its competitive position in the renewable energy sector.

Premier Energies Limited (PEL) has announced significant strategic moves to expand its operations through two major acquisitions approved by its Board of Directors on October 23, 2025.

KSolare Energy Private Limited Acquisition

PEL will acquire a 51% stake in KSolare Energy Private Limited for ₹86.70 crores. Syrma SGS Technologies will acquire the remaining 49% for ₹83.30 crores.

KSolare, established in 2012, specializes in manufacturing solar inverters with an annual production capacity of 500,000 units. The company reported revenues of ₹342.00 crores in FY25.

Transcon Ind Limited Acquisition

PEL will also acquire a 51% stake in Transcon Ind Limited for ₹500.30 crores.

Transcon Ind Limited, incorporated in August 2025, focuses on manufacturing power transformers. The company is set to acquire a partnership firm that has been operating in transformer manufacturing since 2003.

Strategic Implications

These acquisitions are poised to bring several strategic benefits to Premier Energies:

1. Diversification: PEL enters both the solar inverter and power transformer manufacturing sectors, broadening its energy solutions offerings.
2. Market Penetration: Leveraging the established brand equity and networks of all companies involved to rapidly scale operations.
3. Synergies: Creating operational and market synergies with PEL's existing solar module manufacturing business.
4. Integrated Solutions: Enhancing the ability to offer comprehensive energy solutions from generation to transmission.
5. Government Initiative Alignment: The KSolare acquisition aligns with the government's PM Surya Ghar Muft Bijli Yojana, potentially benefiting from increased demand for solar solutions.

Acquisition Details

Both acquisitions will be completed through cash consideration within 90 days, subject to closing conditions. Premier Energies has stated that no governmental or regulatory approvals are required for these acquisitions.

These strategic moves by Premier Energies Limited demonstrate the company's ambition to expand its footprint in the energy sector, potentially creating new growth opportunities and enhancing its market position in both solar energy and power infrastructure domains.