Hyderabad-based Premier Energies has secured orders valued at ₹23.07 billion (~$255.84 million) during the third quarter (Q3) of the financial year (FY) 2026 to supply solar cells and modules to a mix of domestic independent power producers and other customers in India.

The company will execute the orders during FY 2027 and FY 2028.

Premier Energies said these orders will provide sustained revenue visibility and support its ongoing expansion plans for reaching 10.6 GW of solar cell and 11.1 GW of module capacity by September 2026.

The company operates 3.2 GW of solar cell and 5.1 GW of module manufacturing capacity.

It is also constructing an aluminum frame manufacturing plant with an initial capacity of 18,000 metric tons per annum, targeted for commissioning by March 2027. Premier aims to manufacture 36,000 metric tons of aluminum frames annually to support its solar module production.

In November this year, Premier-Green Aluminium, a joint venture company of Premier Energies, announced plans to raise ₹600 million (~$6.7 million) in tranches to fund the aluminum frame facility.

The company has issued 25,000 equity shares with a face value of ₹10 (~$0.11) each, amounting to ₹250,000 (~$2,793.61) to its JV partner, Nuevosol Energy.  After this allotment, Premier Energies will hold 80% of the JV company’s share capital, with Nuevosol holding the remaining 20%.

Last September, Premier Energies won contracts worth $19.95 million to supply and install solar systems in Benin, West Africa. The company will install 750 rooftop solar systems at designated socio-community facilities, including district police stations, educational institutions, health centers, and special border surveillance units.

In June, Premier Energies commissioned a 1.2 GW TOPCon solar cell manufacturing line in Hyderabad, Telangana. The TOPCon line has increased the company’s solar cell production capacity from 2 GW to 3.2 GW. The commissioning is part of its roadmap to deliver high-efficiency, vertically integrated manufacturing, from ingots and wafers to cells and modules.