The Hyderabad-based firm aims to more than double its annual solar cell and module manufacturing capacities to 10.6 gigawatt and 11.1 gigawatt, respectively, to meet rising domestic demand. Premier Energies is investing approximately Rs 110 billion to achieve its expansion targets by 2028.
With the commissioning of the new facility, the company’s solar cell manufacturing capacity has increased from 3.2 gigawatt to 3.6 gigawatt, according to Vinay Rustagi, Chief Business Officer at Premier Energies. The 400 MW solar photovoltaic mono PERC cell facility was inaugurated at E City, Maheeshwaram, Telangana, on January 22, 2026.
Solar modules are manufactured using solar cells, which depend on ingots and wafers, making upstream integration a key component of the solar value chain. The Indian government has been encouraging manufacturers to establish domestic cell production capacity to reduce reliance on imports and strengthen supply chain resilience.
Premier Energies currently operates a total solar module manufacturing capacity of 5.1 gigawatt at its Hyderabad facilities, located around 50 kilometres from the solar cell plant. The company is funding its expansion through Rs 13 billion raised via its initial public offering last year, Rs 22 billion in debt arranged with the state-owned Indian Renewable Energy Development Agency, and the remainder from internal accruals.
Looking ahead, Premier Energies plans to expand into ingot and wafer manufacturing to emerge as one of the largest integrated renewable energy equipment manufacturers outside China. By bringing ingot and wafer production in-house, the company expects to gain greater control across the value chain and improve supply reliability for its solar panel operations.
Clean energy company Premier Energies has commissioned a 400 megawatt solar cell manufacturing facility in Telangana as part of its expansion plan valued at around Rs 110 billion, strengthening its position in India’s solar manufacturing ecosystem. The Hyderabad-based firm aims to more than double its annual solar cell and module manufacturing capacities to 10.6 gigawatt and 11.1 gigawatt, respectively, to meet rising domestic demand. Premier Energies is investing approximately Rs 110 billion to achieve its expansion targets by 2028. With the commissioning of the new facility, the company’s solar cell manufacturing capacity has increased from 3.2 gigawatt to 3.6 gigawatt, according to Vinay Rustagi, Chief Business Officer at Premier Energies. The 400 MW solar photovoltaic mono PERC cell facility was inaugurated at E City, Maheeshwaram, Telangana, on January 22, 2026. Solar modules are manufactured using solar cells, which depend on ingots and wafers, making upstream integration a key component of the solar value chain. The Indian government has been encouraging manufacturers to establish domestic cell production capacity to reduce reliance on imports and strengthen supply chain resilience. Premier Energies currently operates a total solar module manufacturing capacity of 5.1 gigawatt at its Hyderabad facilities, located around 50 kilometres from the solar cell plant. The company is funding its expansion through Rs 13 billion raised via its initial public offering last year, Rs 22 billion in debt arranged with the state-owned Indian Renewable Energy Development Agency, and the remainder from internal accruals. Looking ahead, Premier Energies plans to expand into ingot and wafer manufacturing to emerge as one of the largest integrated renewable energy equipment manufacturers outside China. By bringing ingot and wafer production in-house, the company expects to gain greater control across the value chain and improve supply reliability for its solar panel operations.
Hindalco Industries Ltd, the metals arm of the Aditya Birla Group, has announced a major expansion of its aluminium operations in Odisha, with fresh investments in smelting and downstream manufacturing facilities. The company plans to invest Rs 210 billion in expanding smelting capacity at its Aditya Aluminium complex in Sambalpur and an additional Rs 45 billion to commission a 170,000-tonne-per-annum flat rolled products and battery-grade aluminium foil manufacturing facility. The projects were inaugurated by Odisha Chief Minister Mohan Charan Majhi. Hindalco said the initiatives mark a sig..
The Ministry of Railways (Railway Board) has issued an order granting formal post-facto approval for the deputation of a senior Indian Railway Accounts Service (IRAS) officer to a key position at the Rail Land Development Authority (RLDA). According to the order, the competent authority has approved the deputation of Shri Ramanand Bhagat (IRAS) to RLDA, Delhi, as Executive Director (Finance). The deputation has been sanctioned for a period of three years, effective from his initial joining at RLDA as General Manager (Accounts) on January 25, 2023. The order specifies that the deputation will..
Real estate developer Elan Group has awarded a construction contract worth Rs 8.4 billion to Tata Projects for a premium residential development in Gurugram, strengthening its collaboration with the infrastructure major on large-scale housing projects. Tata Projects will execute construction works for Elan Group’s newly launched luxury project, Elan The Statement, located in Sector 49, Gurugram. The development spans around six acres and will comprise 230 high-end apartments, positioning it as a flagship residential offering within the company’s portfolio. Elan Group plans to invest appr..
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