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flag Premier Energies to expand solar manufacturing by 13.4 GW in India, investing ₹11,000 crore to boost domestic production and reduce imports.

flag Premier Energies plans to expand its solar manufacturing capacity by 7.4 GW in cell production and 6 GW in modules, investing ₹11,000 crore in India’s Andhra Pradesh and Telangana. flag The move, aimed at doubling its current output, supports India’s ‘Make in India’ goals and reduces import reliance. flag The company, which already produces 3.2 GW of cells and 5.1 GW of modules near Hyderabad, is exploring backward integration into ingot and wafer production. flag Funding comes from an IPO, IREDA debt, and internal funds. flag Strong domestic demand, a ₹13,000 crore order book, and ongoing U.S. exports drive the expansion, aligning with the government’s ALMM framework.

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