PREMIERENE: Premier Energies Limited has informed the Exchange regarding a press release dated May 17, 2025, titled Premier Energies and Nuevosol Energy Announce a Joint Venture for manufacturing Aluminium Frames for Solar Module.
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Premier Energies has entered a joint venture with Hyderabad-based Nuevosol Energy to manufacture aluminium-based frames and components for solar modules, with Premier holding the majority stake. The JV will set up a 36,000 MT per year aluminium extrusion and anodizing facility in Seetharampuram, Telangana, expected to begin commercial operations in FY 2027. This move is aimed at strengthening Premier's vertical integration, securing supply chain reliability, and reducing dependence on imports for module components. Premier Energies currently has 11.1 GW of solar manufacturing capacity (including 5.8 GW under construction), while Nuevosol brings expertise in solar PV mounting structures and aluminium components. The partnership aligns with the Make-in-India initiative and India's growing renewable energy demand.
Strategically positive for Premier Energies as it moves further up the solar value chain with backward integration into critical module components, though commercial output is still about two years away (FY 2027), limiting near-term revenue impact. Investors should view this as a long-term capacity and cost-control play rather than an immediate earnings driver.