Hyderabad-based Premier Energies has secured orders to supply 1,600 MW of solar cells and modules, worth ₹25.77 billion (~$278.8 million) in the fourth quarter of the financial year (FY) 2026.

The company said the contracts were awarded by a mix of domestic independent power producers, module manufacturers, and EPC contractors.

The order inflow comes as the company continues to scale its manufacturing base, with its solar cell capacity expected to reach 10.6 GW by September 2026 and module manufacturing capacity already expanded to 11.1 GW.

Premier Energies has commissioned a 1.4 GW TOPCon module manufacturing line and has set a target to achieve 10 GW of integrated capacity across ingots, wafers, cells, and modules by the financial year (FY) 2028. In addition to its core solar manufacturing business, the company is entering adjacent segments.

It plans to roll out 12 GWh of battery energy storage system capacity starting FY 2026, with an investment of about ₹6,000 million by FY 2027. It is also setting up 3 GW of solar inverter manufacturing capacity with an investment of ₹1.5 billion (~$16.23 million) to 2 billion (~$21.63 million).

The company’s medium-term strategy includes expanding capacity, improving automation and efficiency, strengthening technology capabilities, and enhancing export competitiveness.

Recently, Premier Energies commissioned a 5.6 GW G12 R TOPCon solar module manufacturing facility in Seetharampur, Ranga Reddy district, Telangana. Premier said the facility can manufacture four G12R TOPCon modules every 16 seconds.

The company reported a revenue of ₹19.36 billion (~$211.4 million) in the third quarter of the financial year 2026, a 13% year-over-year increase from ₹17.13 billion (~$187.1 million).

In the same month, Premier Energies announced the commissioning of a 400 MW Mono PERC cell manufacturing facility at Maheshwaram, Telangana, through its wholly owned subsidiary, Premier Energies Photovoltaic.