Premier Energies Global Environment Private Limited, a wholly owned subsidiary of Premier Energies Limited, has entered into a definitive agreement to acquire a 26% equity stake in Hexa Energy BH Five Private Limited. The investment, valued at INR 68.70 crore, is a strategic move to secure captive renewable power for the company’s Solar PV Cell Manufacturing facility located in Naidupeta, Andhra Pradesh.
Strategic Investment in Renewable Energy
On May 4, 2026, Premier Energies announced the approval and signing of a Share Subscription and Shareholders’ Agreement (SSSHA). This move involves acquiring a minimum stake of 26% in Hexa Energy BH Five Private Limited, a company specializing in the generation and transmission of renewable energy. The acquisition is a key component of the company’s efforts to achieve energy self-sufficiency for its large-scale manufacturing operations.
Supporting Manufacturing Growth
The primary driver for this acquisition is to fulfill the power consumption requirements of the subsidiary’s Solar PV Cell Manufacturing Project. By securing a stake in a dedicated renewable energy entity, the company aims to ensure a stable and sustainable power supply for its facility in Naidupeta, Andhra Pradesh. This alignment between renewable energy generation and manufacturing capacity is expected to optimize operational costs over the long term.
Transaction Details and Timeline
The investment, totaling INR 68.70 crore, will be executed via cash consideration. The completion of this transaction is subject to the satisfaction of specific conditions precedent and closing requirements set out in the agreement. The company expects the process to reach its conclusion within an indicative timeline of 16 months from the execution date of the agreement.
Source: BSE
