Premier-Green Aluminium, a joint venture company of Premier Energies, aims to raise ₹600 million (~$6.7 million) in tranches to implement an aluminum frame project to support its solar module manufacturing.

The company has issued has issued 25,000 equity shares with a face value of ₹10 (~$0.11) each, amounting to ₹250,000 (~$2,793.61) to its JV partner, Nuevosol Energy.  After this allotment, Premier Energies will hold 80% of the JV company’s share capital, with Nuevosol holding the remaining 20%.

Premier-Green Aluminium was formed to manufacture solar module frames from aluminum and its alloys.

The company plans to manufacture 36,000 metric tons of aluminum frames annually to support its solar module production.

It is also constructing an aluminum manufacturing plant with a Phase 1 capacity of 18,000 metric tons per annum, targeted for commissioning by March 2027.

Premier Energies reported a revenue of ₹18.37 billion (~$208.5 million) in the second quarter of the financial year 2026, a 20.3% year-over-year increase from ₹15.27 billion (~$173.3 million). The company attributed this increase to higher operational efficiency, improved product mix, and steady domestic demand.

The company operates 3.2 GW of solar cell and 5.1 GW of module manufacturing capacity.

In September this year, Premier Energies won contracts worth $19.95 million to supply and install solar systems in Benin, West Africa. The company will install 750 rooftop solar systems at designated socio-community facilities, including district police stations, educational institutions, health centers, and special border surveillance units.

In June, Premier Energies commissioned a 1.2 GW tunnel oxide passivated contact (TOPCon) solar cell manufacturing line in Hyderabad, Telangana. The TOPCon line has increased the company’s solar cell production capacity from 2 GW to 3.2 GW. The commissioning is part of its roadmap to deliver high-efficiency, vertically integrated manufacturing, from ingots and wafers to cells and modules.

The company is working to enhance its cell and module manufacturing capacity to 8.4 GW and 11.1 GW, respectively, by June 2026. It claimed it can deliver TOPCon cells with efficiencies exceeding 25%.