Solar cell and module manufacturer Premier EnergiesLtd on Friday (October 9) said it 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.
The orders came from a mix of major power producers, module manufacturers, EPC companies and other customers. The order inflow excludes orders received from the retail market segment, the company said.
Premier Energies’ 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.
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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.
Chiranjeev Saluja, Managing Director, Premier Energies, said, “Our growing order book is a strong validation of our growth strategy and execution ability. The Indian solar market is extremely demanding, with customers looking for scale, bankability and the latest technology. As India’s largest integrated solar manufacturer, we are ready to serve the needs of customers across market segments.”
In August this year, Premier Energies Chief Business Officer Vinay Rustagi said it has visibility into its margins through the financial year 2027-28 (FY28) on the back of a ₹15,000 crore order book.
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.
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Rustagi also pointed to two new growth areas: exports to Europe and battery energy storage systems (BESS). He said 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.
“When you look at the supply side, you have to understand the entire value chain, which is starting from polysilicon to ingots and wafers, cells, and then modules,” Rustagi said.
Module capacity has grown to about 250 GW beyond current demand, pushing margins in that segment toward zero, he said. Cell capacity, where Premier Energies operates, tells a different story: total capacity stands at 32 GW against supply of about 22 GW, keeping pricing and margins firm.
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Shares of Premier Energies Ltd ended at ₹895.00, up by ₹9.00, or 1.02%, on the BSE.