Premier Energies Limited has 29 years of experience in the solar industry and the company has grown to become India’s second largest integrated solar cell and solar module manufacturer. In solar cells segment, it is also the second largest domestic manufacturer in terms of annual installed capacity.
Company's business operations include (i) the manufacturing of solar photovoltaic (PV) cells, (ii) the manufacturing of solar modules including custom made panels for specific applications, (iii) the execution of EPC projects, (iv) independent power production, (v) Operations & Management services with respect to EPC projects executed by company and (vi) the sale of other solar-related products.
Strengths And Risks
+ Market Leader: The company is India’s second largest integrated solar cell and solar module manufacturer as well
as India’s second largest solar cell manufacturer with an aggregate annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.
+ Long Track Record: Company commenced solar module manufacturing in 1999 and has grown this to 3.36 GW annual installed capacity. It has been able to build up recognition for its brand and has established our credentials. Their relationships with international companies have provided them with significant experience in international best practices especially in the field of quality manufacturing.
+ Technical Expertise : The ability to adapt to new and ever-changing technologies, as proven by the company's transition from polycrystalline cells to monocrystalline cells and now to TOPCon cell technology, is one of their key strengths.
+ Diversified Customer Base : The company's aggregate annual installed capacity and market position enables them to offer competitive pricing, which facilitates access to a large and diversified customer base, both domestic and global. Some of their domestic customers are Continuum, Shakti Pumps, First Energy, Hartek, Amplus KN One Power Private Limited, SolarSquare, Rotomag Motors and Controls Private Limited, and Madhav, and global customers include Arka Energy Inc. (U.S.A).
- Limited Customers & Products: Company's revenue from operations is dependent upon a limited number of customers and the loss of any of these customers could have a material adverse effect on business. A significant amount of revenue comes from only two product categories namely, solar cells and modules, and therefore their continued success is necessary for business.
- Supply Chain Restrictions: A significant portion of the raw materials used in production of solar cells and modules are imported from China and other Southeast Asian jurisdictions. The supply chain is subject to legislative and policy restrictions, both domestic and international.
- Losses: Company incurred losses in FY 2022 and 2023 and any similar losses in the future may adversely affect the business, financial condition, and cash flows.
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