Premier Energies has announced supply contracts for solar cells and modules totalling ₹2,307.30 crore in the quarter ended 31 December 2025, a move that strengthens the Hyderabad-based manufacturer’s near-term order book and supports its ongoing capacity expansion.
Premier Energies solar orders India
The orders were awarded by a range of leading domestic clients, including several prominent Independent Power Producers. The contracts, disclosed in an exchange filing, are set to be executed across the financial years 2027 and 2028, offering the company sustained revenue visibility as it scales production.
Premier Energies said these new commitments underpin its plan to reach 10.6GW of solar-cell capacity and 11.1GW of solar-module capacity by September 2026. Management highlighted that the contracts will dovetail with ongoing investments in backward integration and manufacturing capability to support higher volumes and improved cost control.
Chiranjeev Saluja, Managing Director and Chief Executive Officer of Premier Energies, said the company remains focused on delivering large-scale solar solutions while strengthening its integrated manufacturing platform. He linked the expansion to India’s broader push for renewable energy under the Atmanirbhar Bharat initiative, emphasising domestic production for a growing market.
Execution timeline and strategic moves
The bulk of execution is planned over FY27 and FY28, which should provide a predictable revenue stream as the company brings new capacity online. Premier Energies is also moving into allied areas such as ingots and wafers, battery storage and solar inverters, signalling an ambition to become a fully integrated renewable equipment manufacturer with global-scale capabilities.
Industry analysts say the contracts are consistent with demand growth in India’s solar sector, where developers and utilities are seeking secure local supply chains to meet aggressive deployment targets. Local content and supply security have gained importance amid policy support for domestic manufacturing and larger renewable tenders.
Market implications and outlook
For Premier Energies, the orders reduce short-term demand risk and should help improve capacity utilisation as the company completes its expansion. For the wider sector, the deals reflect deeper investor confidence in India’s renewable pipeline and the ability of domestic manufacturers to supply large projects.
Execution risks will centre on timely commissioning of expanded capacity and maintaining quality standards as volumes rise. Successful delivery would reinforce Premier Energies’ credentials as it seeks to compete beyond India and in global markets for cells, modules and integrated systems.
Overall, the Q3 wins mark a meaningful step for a manufacturer that is positioning itself to capture a larger share of supply for one of the world’s fastest-growing solar markets, while contributing to national goals on energy transition and self-reliance.
Key Takeaways:
- Premier Energies secures cell and module supply orders worth ₹2,307.30 crore in Q3 FY26.
- Orders will be executed across FY27 and FY28, providing multi-year revenue visibility.
- Supporting the company’s target of 10.6GW cell and 11.1GW module capacity by September 2026.
- Premier Energies solar orders India align with Atmanirbhar Bharat aims and expansion into ingots, wafers and storage.
