Premier Energies commissions 7 GW solar cell facility in Andhra Pradesh, India's largest, taking total capacity to 10.6 GW; discusses expansion, margins and Q2 outlook

Tue 29 Sep 2026

New solar cell facility capacity

7 GW

Total solar cell capacity now

10.6 GW

Capex for new plant

3,293 crore rupees

New module plant capacity

5.6 GW

Total order book

15,000 crore rupees

Heard on Live TV News Channel between 09:37:58 - 09:39:13 IST.

• Company commissioned 7 GW solar cell facility in Andhra Pradesh, built at capex of around 3,293 crore rupees, called India's largest solar cell manufacturing plant, taking total capacity to 10.6 GW.
• New 5.6 GW module plant is operational with first revenue expected in September; total order book stands at around 15,000 crore rupees.
• Transformer business seen as next growth lever, expected to triple in three years with above-industry-average margins.
• Company planning 12 GW battery storage (BESS) manufacturing capacity, with land acquisition and construction already started; guided EBITDA margin of 29-30%.
• CBO Vinay Rustagi said input cost pressures (metals, polymers, freight) are up 10-50% industry-wide, but scale from expansion and operating leverage is helping mitigate costs; said India is implementing ALMM 2 requiring roughly 75% of demand to be met by domestically made cells, and demand for solar in India remains strong.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.