The shares of Premier Energies Limited were trading at ₹1,202.40 up by ₹34.25 or 2.93 per cent on the NSE today at 10.15 am.
Premier Energies Limited announced that its subsidiaries have received orders worth ₹560 crore from two large domestic Independent Power Producers (IPPs).
Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd. will supply solar modules worth ₹513 crore and solar cells worth ₹47 crore. The delivery of these orders is scheduled to begin in December 2024 and will continue until May 2025.
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The orders were secured from domestic customers and are structured as one-time contracts. The company confirmed that these transactions do not involve any related parties and that promoter groups have no interest in the entities awarding the contracts.
