Leading solar cell and module manufacturer jumps upto 5 percent in the day’s trade followed by collaboration focused on process innovation for N-Type solar cells and many more.
Price Movement
With a market capitalization of Rs 41,128 Crore, Premier Energies Limited share price is up by 3% and made an intra day high of Rs 932 compared to the previous close of Rs 892.10. In the last 5 days this share gave a return of 11 percent,and technically the chart is looking good and the share has bounced from its 52-week low of Rs 775,and its has a 52 week high is Rs 1387.10.
What Happened
Premier Energies Limited, one of India’s largest integrated solar cell and module manufacturers, and Germany-based RENA Technologies, have entered into a strategic technology partnership focused on process innovation for N-Type solar cells and the development and optimization of wet chemistry for next-generation tandem solar cell technologies.
This partnership is a key strategic step in ensuring RENA’s proximity to the dynamic Indian solar market and in strengthening leadership as a global equipment supplier and technology expert.
About the company
Premier Energies is a leading player in India’s renewable energy sector, with a total capacity of 8 GW for solar cells ( 6 GW is under construction) and 9.13 GW for solar modules (with 5 GW under construction), Furthermore, in line with technological advancements, Premier Energies is introducing a new TOPCon cell manufacturing line covering 75 acres.
Financial Highlights
This company reported a revenue of Rs 1713 Crores in Q3 FY25 up by 140 percent, from it Q3 FY24 revenue of Rs 712 crores, It posted a net profit of Rs 255 crore in Q3 FY25, up by 491 percent, from its Q3FY24 net profit of Rs 43 crores.
Written by Sanjay G
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