Premier Energies

Premier Energies delivered a strong financial performance in the third quarter, reporting a 54 percent jump in net profit to Rs 391 crore, underscoring the company’s growing scale and execution strength. The results were driven by healthy demand, operational efficiencies and disciplined cost management across its core businesses. Improved capacity utilization and a favorable product mix further supported margins, enabling the company to translate revenue momentum into bottom-line growth.

In a strategic move to expand its presence in India’s rapidly growing renewable energy market, Premier Energies Ltd. has announced the acquisition of KSolare Energy Pvt. Ltd. for Rs. 170 crore. The deal enhances Premier’s capabilities in the solar inverter and power conditioning segment, furthering its goal to become a fully integrated solar solutions provider.

Premier Energies, a prominent player in renewable energy and power solutions, has officially announced its entry into transformer manufacturing, marking a strategic diversification in its business portfolio. The company aims to produce high-quality electrical transformers for distribution, industrial, and renewable energy applications. This move aligns with India’s growing demand for reliable power infrastructure, driven by renewable energy adoption, grid modernization, and increasing industrial electrification.

Premier Energies has inaugurated its solar cell production unit, marking a significant milestone in India’s renewable energy sector. The new facility aims to support the growing demand for clean energy solutions and reduce dependence on imports, reinforcing the country’s solar manufacturing ecosystem. Officials highlighted that the plant integrates advanced photovoltaic technologies to enhance efficiency and output.