The facility will be located at EMC Maheeshwaram, Telangana on leasehold premises owned by Telangana Industrial Infrastructure Corporation. The project is expected to be completed by March 2025. This 1 GW module facility is an addition to the planned manufacturing capacity outlined in the offer document, stated the company. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. The company's consolidated net profit surged 289.6% to Rs 205.95 crore in Q2 FY25 as compared with Rs 52.86 crore in Q2 FY24. Net sales stood at Rs 1,527.22 crore, up 120.2% as compared with Rs 693.70 crore in Q2 FY24. The scrip shed 1.04% to Rs 1,292.70 on the BSE. Powered by Capital Market - Live

The subsidiaries include Premier Energies Global Environment, Premier Energies International and Premier Energies Photovoltaic. The orders involve the supply of Solar PV Cells and Modules. The total value of the orders includes Rs 964 crore for Solar Modules and Rs 123 crore for Solar Cells. The supply of Modules & Cells is scheduled to be commence from January 2025. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. The company's consolidated net profit surged 289.6% to Rs 205.95 crore in Q2 FY25 as compared with Rs 52.86 crore in Q2 FY24. Net sales stood at Rs 1,527.22 crore, up 120.2% as compared with Rs 693.70 crore in Q2 FY24. Powered by Capital Market - Live

Premier Energies announced that its subsidiaries, Premier Energies Global Environment, Premier Energies International and Premier Energies Photovoltaic have received orders aggregating Rs 1,087 crore from 2 large independent power producers and one other customer. These orders include Rs 964 crore for solar modules and Rs 123 crore for solar cells. The supply of these modules is scheduled to commences from January 2025. Powered by Capital Market - Live

Premier Energies has received upgrade in credit ratings for bank facilities of Rs 428.28 cr at CRISIL A-; Positive / CRISIL A2+. Powered by Capital Market - Live

Net profit of Premier Energies rose 289.61% to Rs 205.95 crore in the quarter ended September 2024 as against Rs 52.86 crore during the previous quarter ended September 2023. Sales rose 120.16% to Rs 1527.22 crore in the quarter ended September 2024 as against Rs 693.70 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1527.22693.70 120 OPM %24.9214.20 - PBDT364.8986.25 323 PBT275.1770.59 290 NP205.9552.86 290 Powered by Capital Market - Live

Premier Energies will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

The equity indices continued to trade with decent gains in mid-morning trade. The Nifty hovered above the 25,100 level. Realty shares advanced after declining in the past two trading sessions. At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 532.56 points or 0.65% to 81,913.70. The Nifty 50 index added 152.75 points or 0.60% to 25,114. In the broader market, the S&P BSE Mid-Cap index fell.20% and the S&P BSE Small-Cap index shed 0.02%. The market breadth was positive. On the BSE, 2,006 shares rose and 1,822 shares fell. A total of 166 shares were unchanged. Economy: India's forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed. Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion. India's reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed. Buzzing Index : The Nifty Realty index rose 1.25% to 1,053.60. The index shed 0.54% in past two trading sessions. Raymond (up 5.27%), Oberoi Realty (up 3.27%), Macrotech Developers (up 2.57%), Sobha (up 1.36%), Prestige Estates Projects (up 1.27%), Godrej Properties (up 1.08%), DLF (up 0.97%), Mahindra Lifespace Developers (up 0.29%), Phoenix Mills (up 0.13%) edged higher. Stocks in Spotlight : Premier Energies rallied 6.13% after the company's subsidiaries, Premier Energies International, Premier Energies Photovoltaic has received multiple orders from various customers amounting to a total value of Rs 765 crore. Hathway Cable & Datacom jumped 4.08% after the company's consolidated net profit jumped 28.61% to Rs 25.80 crore in Q2 FY25 as compared with Rs 20.06 crore in corresponding quarter last year. Revenue increased 5.98% YoY to Rs 512.74 crore in Q2 FY25 as compared with Rs 483.79 crore in Q2 FY24. Global Markets: Asian stocks advanced on Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region. China's finance ministry detailed plans for increased government debt issuances and support for provincial governments. However, the lack of specific details, particularly regarding the scale and timing of the measures, caused some disappointment. Analysts expressed concerns about the potential for a significant increase in government debt. Economic data from China highlighted ongoing weakness. China's consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August. CPI was unchanged month-on-month, versus a 0.4% gain in August and below an estimated 0.4% increase. Meanwhile, the producer price index (PPI) fell 2.8% year-on-year in September, versus a 1.8% decline the previous month. Asian markets drew support from the positive performance of US stocks on Friday. The S&P500 rose 0.61% to a record high of 5,815.03 points, while the Dow Jones surged nearly 1% to a record high of 42,863.86 points. The Nasdaq lagged, rising 0.3% to 18,342.94 points. Positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November. The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September. This reading followed the 1.9% increase recorded in August. The US consumer price index for all urban consumers rise by 0.2% month on month (MoM) on a seasonally-adjusted basis in September, the same rise as in August and July. This week, investors will focus on additional third-quarter earnings reports and statements from Federal Reserve officials. Powered by Capital Market - Live

The company has received orders from 8 domestic customers and 1 foreign customer. The said order comprises Rs 632 crore for solar modules and Rs 133 crore for solar cells. The supply of modules & cells are scheduled to be commenced in July 2025. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. The company's consolidated net profit surged 532.49% to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, up 171.25% as compared with Rs 611.02 crore in Q1 FY24.Powered by Capital Market - Live

Premier Energies International and Premier Energies Photovoltaic, both subsidiaries of Premier Energies, have received and accepted multiple orders from various customers amounting to a total value of Rs 765 crore. These orders comprise Rs 632 crore for solar modules and Rs 133 crore for solar cells. The supply of these modules is scheduled to commence in July 2025Powered by Capital Market - Live

This initiative falls under Component-B of PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme aimed at ensuring energy security for farmers in India The order includes supply, installation, and commissioning with 5 years comprehensive warranty of 8,085 solar water pumping systems in Uttar Pradesh (AP). The said order is worth Rs 217 crore and it will be completed on or before March 2025. The shares of Premier Energies entered the stock market on 3 September 2024. The scrip was listed at Rs 991, a premium of 120.22% to the issue price, Rs 450 per share. Premier Energies is an integrated manufacturer of solar PV cells and solar modules, including custom-made modules for specific applications. The company's consolidated net profit surged to Rs 198.16 crore in Q1 FY25 as compared with Rs 31.33 crore in Q1 FY24. Net sales stood at Rs 1,657.37 crore, steeply higher than Rs 611.02 crore in Q1 FY24. Powered by Capital Market - Live