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Premier Energies Limited ( (IN:PREMIERENE) ) has shared an announcement.
Premier Energies Limited announced a strategic shift in its project implementation, opting for backward integration by co-locating its silicon ingot and wafer manufacturing with its solar PV cell operations. This move involves relocating the 4 GW Solar PV TOPCon Cell manufacturing line to a new site in Andhra Pradesh, while maintaining the original location for the module line. The company has secured land in a strategically advantageous location, supporting its integration strategy and ensuring a seamless supply chain. The project will be financed through unutilized offer proceeds, with no deviation in the overall amount except for land acquisition costs.
More about Premier Energies Limited
Premier Energies Limited operates in the renewable energy industry, focusing on the production of solar photovoltaic (PV) cells and modules. The company is engaged in expanding its manufacturing capabilities to enhance its market presence and competitiveness in the solar energy sector.
YTD Price Performance: -34.45%
Average Trading Volume: 138,962
Current Market Cap: 393.5B INR
For an in-depth examination of PREMIERENE stock, go to TipRanks’ Stock Analysis page.