Shares of Premier Energies Ltd. surged 2.97% to ₹1,074.90 following the company's inauguration of its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana. According to reports from CNBC TV18, the company received orders worth ₹3,011 crore in the first quarter of financial year 2027, with shares trading at ₹1,074.90 on the BSE. The inauguration of this state-of-the-art facility represents a significant milestone in the company's expansion strategy, positioning it as one of the largest integrated solar module manufacturers in India. The 75-acre manufacturing facility in Rangareddy district was inaugurated by Telangana Chief Minister A Revanth Reddy in the presence of Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka and Industries Minister Duddilla Sridhar Babu.
The newly inaugurated Seetharampur plant features advanced manufacturing capabilities including G12R Tunnel Oxide Passivated Contact (TOPCon) technology, India's first Zero Bus Bar manufacturing unit, and automated production lines that can manufacture one solar module every four seconds. As reported by CNBC TV18, the facility spans 75 acres and uses automated guided vehicle-enabled material movement and artificial intelligence-powered quality inspection systems. The facility has been designed with sustainability integrated into its operations, reflecting Premier Energies' commitment to responsible growth. The company also laid the foundation for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant, which are expected to strengthen its clean energy manufacturing ecosystem and improve supply chain integration. The campus is expected to generate more than 3,000 jobs once fully operational.
With the commissioning of the new plant, Premier Energies' module manufacturing capacity has reached 11.1 GW, doubling its total capacity and significantly strengthening the company's ability to serve both domestic and international markets. The orders cover the supply of 1,846 MW of solar cells and modules, with deliveries scheduled across this financial year and the next. As reported by CNBC TV18, the contracts come from a mix of leading power producers, module manufacturers, EPC companies and other customers. The company recently increased its module manufacturing capacity to 11.1 GW from 5.5 GW earlier, while its solar cell manufacturing capacity is set to increase to 10.6 GW by the end of September this year, from 3.6 GW earlier. This significant capacity expansion supports the company's high-growth strategy and positions it well to capitalize on booming solar demand.
The company is planning to invest around ₹6,000 crore over the next three years in its ingot and wafer manufacturing facilities, as part of its capital expenditure plan of more than ₹12,000 crore. According to CNBC TV18, this comprehensive investment strategy includes foraying into new areas such as inverters, batteries and transformers. This expansion reflects the company's commitment to vertical integration and diversification beyond traditional solar manufacturing, positioning it for long-term growth in the renewable energy ecosystem.
Speaking on the expansion, Sudhir Reddy, Director of Premier Energies, said, "The Seetharampur facility represents an important step in Premier Energies' strategy to build a more integrated, technology-led clean-energy manufacturing platform." As reported by CNBC TV18, he added that the upcoming projects would help the company meet changing customer requirements and support India's transition towards a self-reliant clean energy ecosystem. The BESS and aluminium frames projects would expand the company's operations into new business segments while strengthening its supply chain integration, supporting the company's high-growth strategy and positioning it well to capitalize on booming solar demand.
