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The stock of Premier Energies is seeing a rise of 7% on Monday. The stock is seeing a rise today after the company received a big order. The company said in an exchange filing that subsidiaries Premier Energies International Private and Premier Energies Photovoltaic received orders worth a total of ₹ 756 crore.
This includes an order of ₹632 crore for solar modules and ₹133 crore for solar cells. The electrical equipment manufacturing company said that the supply of these solar modules and solar cells will start by July 2025.
The company has received this order from 8 domestic customers and one foreign customer. The stock of Premier Energies was seen trading at ₹ 1,8187.05 per share on Monday with a gain of 7.2%. Earlier also, the company has signed an agreement with BN Hybrid Power-1 for Module Supply Agreement (MSA). BN Hybrid Power-1 is a special purpose vehicle of BrightNight India.
Under the agreement, Premier Energies will supply solar modules of 173.35 MWp capacity to the SPV. This is for BN Hybrid's 300 MW capacity Firm and Dispatchable Renewable Energy (FDRE) energy storage power project. This project is located in Barmed, Rajasthan.
The company said that these modules will also be supplied in July 2025. This stock has given a return of 15% so far this year. In the last 6 months, this stock has seen a rise of 14%. However, on a weekly basis, this stock is at a flat level. In the last 5 days, the stock has seen a rise of 15%.
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