During Wednesday’s trading session, shares of an integrated solar cell and module manufacturer slumped nearly 2.5 percent on BSE, after a foreign investor offloaded a 5.5 percent stake in the company via a block deal for Rs. 2,629 crores.
With a market cap of Rs. 47,987 crores, at 11:27 a.m., the shares of Premier Energies Limited were trading in the red at Rs. 1,064.55 on BSE, down by around 2 percent, as against its previous closing price of Rs. 1,083.95.
The stock has delivered positive returns of around 27 percent in one year, and has gained by over 7 percent in the last one month.
What’s the News:
As per the latest bulk deal, South Asia Growth Fund II Holdings LLC offloaded 2.5 crore equity shares, representing a 5.55 percent stake in Premier Energies, via an open market transaction on NSE. The transaction was valued at nearly Rs. 2,629 crores, executed at an average price of Rs. 1,051.6 per share.
As per the latest shareholding pattern on BSE, South Asia Growth Fund II Holdings LLC held a 11.1 percent stake in Premier Energies. The stake was acquired by several domestic and global institutional investors, including Blackstone, Citigroup, Goldman Sachs, Nomura Singapore, Theleme India Master Fund, Societe Generale, Morgan Stanley, Quant Mutual Fund, PI Opportunities AIF V LLP, SBI Life Insurance Company, Edelweiss Mutual Fund, Axis Mutual Fund, 360 One Asset Management, Ageas Federal Life Insurance, Bandhan Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Mutual Fund, Kotak Mahindra Life Insurance.
Financials and More:
Premier Energies reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 44 percent, from Rs. 1,127 crores in Q4 FY24 to Rs. 1,621 crores in Q4 FY25.
Similarly, its net profit increased during the same period from Rs. 104 crores to Rs. 278 crores, representing an impressive rise of nearly 167 percent YoY. As of 31st March 2025, the company reported an order book of Rs. 8,445.6 crores. The Module segment accounted for 73 percent of the total, the Cell segment contributed 27 percent, and EPC made up the remaining 0.6 percent.
Premier Energies Limited is a leading player in India’s renewable energy sector with a current manufacturing capacity of 11.1 GW, including 5.8 GW under construction. It holds nearly a 100 percent market share in solar cell exports from India to the United States.
Looking ahead, Premier Energies aims to become India’s leading cleantech solutions provider by 2028, with plans to establish an integrated solar module manufacturing capacity of 10 GW.
Written by Shivani Singh
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