10.6 GW Cell Capacity by September 2026
Brownfield expansion from 4.8 GW to 7 GW at incremental capex of Rs 502 crore, leveraging existing infrastructure, building, and utilities. The entire 7 GW TOPCon line will be housed in one building.
PREMIERENE / guidance tracker
Keep management guidance in view.
Premier Energies · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
expansion
5 GW Ingot-Wafer Facility by December 2027
Expanded from original 2 GW plan following ALMM List 3 draft guidelines and government push for domestic manufacturing. Stabilization expected 4-6 months post-commissioning.
BESS Revenue of Rs 1,000 Crore in FY27
First phase (50 MWh/4 GWh capacity) completing June 2026; expects ~50% utilization yielding 2-3 GWh production in FY27 at current market realizations of Rs 60-65 lakh/GWh.
New Businesses to Contribute 30% of Revenue Over Time
Combined BESS, inverter (K Solair), and transformer (Transcon) businesses expected to reach 30% revenue share as these diversify the company beyond solar modules.
Capacity Ramp: 7GW TOPCon Cell Line by Q2-Q3 FY26
5.6GW module line (March 2026), 4.8GW cell line (June 2026), 2.2GW cell line (September 2026) to make Premier India's largest integrated cell-module manufacturer at 10.6GW/11.1GW.
Transco Revenue Target: Rs1,000+ Crore by FY28
Transformer business to scale from current capacity to 16.75 GVA by July 2026, with execution cycle of 6-18 months for new larger transformer certifications completing post-July 2026.
Ingot Wafer Line: 5GW Phase 1 by December 2027
10GW ingot-wafer line at Naidupeta with Rs5,900 crore total capex; Phase 1 (5GW) due December 2027, Phase 2 (5GW) December 2028. Land acquired, construction started.
FY27 DCR Market Size: 30GW+ Demand
DCR market expected to reach 30GW+ in FY27 from residential rooftop (10GW), KUSUM (5-7GW), and open access/private rooftop segments, up from 20-21GW current annual run-rate.
FY27 capex of ₹5,100 crore
Capex to be deployed across cells, ingots/wafers, batteries, and inverters.
7 GW cell line ramp-up timeline
4.8 GW by June 2026 and 2.2 GW by September 2026; stabilization in 4-6 months.
Debt-to-equity ratio target of ~1x
Management aims to maintain A+ rating with debt-to-equity ~1x and debt-to-EBITDA ≤1.5x through capex cycle.
Transformer capacity expansion to 16.75 GVA by July 2026
Transcom acquisition completed; capacity nearly 7x increase with focus on HV/EHV segments.