Solar cell and module manufacturer Premier Energies Ltd secured orders worth ₹4,001 crore in the July-September quarter of financial year 2026-27 for solar cell and module supplies totalling 2,308 megawatts (MW), as well as engineering, procurement and construction (EPC) project execution. According to the company's exchange filing dated 9 October 2026 under Regulation 30 of the SEBI LODR Regulations, the orders came from a mix of major power producers, module manufacturers, EPC companies and other customers, with the order inflow excluding orders received from the retail market segment. The massive order haul has significantly boosted the company's order book execution capacity and reinforced its position as India's largest integrated solar manufacturer.
The company's total module manufacturing capacity has nearly doubled to 11.1 gigawatts (GW), while its solar cell manufacturing capacity has increased from 3.6 GW to 10.6 GW. As reported by the company's exchange filing, the increase in solar cell capacity follows the commissioning last month of a 7 GW tunnel oxide passivated contact (TOPCon) solar cell manufacturing facility at Naidupeta in Andhra Pradesh. Managing Director Chiranjeev Saluja stated that the growing order book is a strong validation of the company's growth strategy and execution ability, with the expanded capacity solidifying its position as India's largest integrated solar manufacturer. Saluja emphasized that the Indian solar market is extremely demanding with customers looking for scale, bankability, and the latest technology, positioning the company to serve needs across all market segments.
In August, Premier Energies Chief Business Officer Vinay Rustagi indicated visibility into margins through financial year 2027-28 (FY28) on the back of a ₹15,000 crore order book. According to CNBC TV18, the order book stands at almost two times the company's 2025-26 (FY26) revenue and gives the company line of sight on revenue and margins well into 2026-27 (FY27), and into FY28 as well. Rustagi also pointed to two new growth areas: exports to Europe and battery energy storage systems (BESS).
Rustagi highlighted that Europe's solar market is set to grow from 5-7 GW of non-China sourcing next year to almost 30 GW by 2030, while the domestic BESS market could reach 40 gigawatt-hours and roughly ₹40,000 crore annually starting next year. As reported by CNBC TV18, he noted that cell capacity, where Premier Energies operates, tells a different story with total capacity at 32 GW against supply of about 22 GW, keeping pricing and margins firm. The company is also establishing 10 GW ingot-wafer manufacturing capacity for backward integration and 12 GWh battery container manufacturing capacity to diversify its product portfolio. The company's massive ₹4,001 crore order haul and India's largest operational solar cell manufacturing capacity have successfully translated policy tailwinds into commercial scale, positioning investors to closely monitor the margin profile in upcoming earnings reports as the company transitions into a highly integrated solar giant.
