Premier Energies' stock surged 4% to an intraday high of ₹1,136 after the company revealed securing multiple orders worth ₹1,087 crore.
The orders, received by its subsidiaries, include ₹964 crore for solar modules and ₹123 crore for solar cells. These orders came from two major Independent Power Producers and one additional customer. The supply of these products will begin in January 2025. Premier Energies, a leading solar PV cell and module manufacturer, debuted on the stock market in September 2024 with an impressive 120% premium listing.