Premier Energies jumps as its arms bag orders worth Rs 1087 crore
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Premier Energies is currently trading at Rs. 1113.00, up by 20.80 points or 1.90% from its previous closing of Rs. 1092.20 on the BSE.
The scrip opened at Rs. 1134.60 and has touched a high and low of Rs. 1136.00 and Rs. 1102.60 respectively. So far 59988 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1264.90 on 10-Sep-2024 and a 52 week low of Rs. 801.60 on 03-Sep-2024.
Last one week high and low of the scrip stood at Rs. 1136.00 and Rs. 1051.00 respectively. The current market cap of the company is Rs. 50072.02 crore.
The promoters holding in the company stood at 64.25%, while Institutions and Non-Institutions held 9.79% and 25.95% respectively.
Premier Energies’ subsidiaries -- Premier Energies Global Environment, Premier Energies International and Premier Energies Photovoltaic have received and accepted multiple orders aggregating to Rs 1087 crore from 2 large Independent Power Producers (IPP) and 1 other customer. These orders include Rs 964 crore for solar modules and Rs 123 crore for solar cells. The supply of these modules is scheduled to commences from January 2025.
Premier Energies manufactures integrated solar cell and solar panel.
