Premier Energies Sets Up ESS Unit, Expands Backward Integration

Premier Energies Limited has incorporated a wholly owned subsidiary, Premier Energies Storage Solutions Private Limited, to support its entry into the manufacturing of energy storage systems (ESS), the company said in a regulatory filing.

Premier Energies’ new subsidiary has been formed with the primary objective of manufacturing, producing, and processing high-quality energy storage systems using advanced technologies and processes. The company added, “It has an authorized share capital of ₹1 million, and Premier Energies will hold 100% of its share capital upon the allotment of shares.” The move follows Premier Energies’ broader backward integration strategy.

Premier Energies Heads Towards Backward Integration 

With its silicon ingot and wafer units already in place, the company is aiming to strengthen its presence across the solar manufacturing value chain. Earlier, Premier Energies established Premier-Green Aluminium Private Limited (PGAPL) to manufacture, process, and extrude aluminum and its alloys for captive use. The development supports the in-house production of aluminum frames — a critical component in solar module assembly.

In 2025, Premier Energies joined several Indian solar manufacturers in announcing plans to manufacture aluminum frames domestically. The initiative is aimed at reducing import dependence and boosting self-reliance in the renewable energy sector. The incorporation of the energy storage subsidiary also follows the launch of Premier Energies GWC Private Limited, which focuses on manufacturing and processing high-quality silicon ingots and wafers using advanced technologies. The unit supports the company’s expansion into solar cell production, helping Premier Energies build a vertically integrated solar manufacturing ecosystem.

Profit Jumps 4 Times Annually 

Earlier this week, the Hyderabad-based solar module and solar cell manufacturer Premier Energies, reported its financial results for Q4 of FY25 and the annual results for FY25. The firm entered the stock market last year and reported a 167 percent year-on-year (YoY) rise in net profit for the fourth quarter (Q4) of fiscal year 2024–25, driven by higher revenues and improved operational scale.

For the full year ended March 31, Premier Energies recorded a profit of ₹937.13 crore, close to four times the previous year’s profit of ₹231.36 crore. Total income for FY25 stood at ₹6,652.09 crore, up 109.7 percent from ₹3,171.31 crore in FY24. Total expenses for FY25 climbed to ₹5,412.88 crore, with sharp increases noted in material consumption (₹3,436.40 crore) and depreciation (₹497.52 crore), indicating expansion in manufacturing capacity.