Monitoring Agency Report for the quarter 31st March, 2026
PREMIERENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings Limited has submitted the Q4 FY2026 monitoring report for Premier Energies' IPO proceeds. The Rs 12,914 million fresh issue has been deployed substantially, with Rs 12,896.78 million utilized as of March 31, 2026, leaving only Rs 17.22 million unutilized. The main object of investing Rs 9,686.03 million in subsidiary PEGEPL for the 4 GW Solar PV TOPCon facility has been fully deployed. General corporate purpose funds of Rs 40.98 million were used for purchasing materials for an aluminium plant in PGAPL and a 10 GW ingot project in PEGEPL. A location change for the solar project from Telangana to Andhra Pradesh was approved by shareholders in April 2025. One approval (PESO License for hazardous substances storage) is still pending.
The IPO proceeds are being deployed largely on schedule with minimal idle funds. The unutilized Rs 17.22 million is parked in fixed deposits. Shareholders should note the approved project relocation and ongoing expansion into ingot manufacturing, which may affect future production timelines.