Premier Energies’ board has approved a ₹502 crore investment to expand its solar PV Topcon cell manufacturing facility in Naidupeta, Andhra Pradesh, to 7 GW. This expansion will be managed through its subsidiary, Premier Energies Global Environment Private Limited. The board also appointed Mrs. Niyathi Naidu Madasu as Chief Human Resources Officer of the Premier Energies Group, effective immediately.
Capacity Expansion Approved
Premier Energies is set to augment its solar PV Topcon cell manufacturing capabilities at its Naidupeta facility. The board has approved an investment of ₹502 crore to expand the facility to a 7 GW capacity. The investment will be channeled through Premier Energies Global Environment Private Limited, a wholly-owned subsidiary.
Financial Details and Timeline
The capital expenditure for this expansion will be spread over fiscal years 2026–27 and will be financed through internal accruals, ensuring minimal external debt impact. This move signifies Premier Energies’ commitment to increasing its manufacturing footprint and supporting India’s renewable energy goals.
New CHRO Appointment
In addition to the expansion, the Board of Directors has approved the appointment of Mrs. Niyathi Naidu Madasu as the Chief Human Resources Officer (CHRO) for the Premier Energies Group. This appointment comes following the recommendation of the Nomination and Remuneration Committee, effective immediately.
Financial Performance: Quarter Ended September 30, 2025
Premier Energies has released its unaudited financial results for the quarter and six months ended September 30, 2025. Key highlights include:
- Revenue from operations for the quarter stood at ₹1,926.27 million.
- Net profit for the quarter was ₹551.05 million.
- Earnings per share for the quarter: ₹1.23 Basic and Diluted
For the six months ended September 30, 2025, Premier Energies reported:
- Revenue from operations of ₹3,796.00 million.
- Net Profit of ₹785.67 million.
- Earnings per share for the half-year: ₹1.75 Basic and Diluted.
Auditors’ Conclusion
The audit report for the quarter ended September 30, 2025, confirms that nothing has come to their attention to suggest the financial statements are materially misstated or do not comply with applicable accounting standards.
Source: BSE
