Premier Energies Ltd.PREMIERENE₹1,020.20 -0.79%

Premier Energies Ltd., one of India’s largest vertically integrated solar cell and module manufacturers, has secured contracts valued at $19.95 million for a major solar electrification initiative in the Republic of Benin, West Africa. This landmark win underscores the company’s growing global competitiveness and commitment to advancing sustainable energy in emerging markets.

The comprehensive contracts are part of a national drive by the Government of Benin to expand access to reliable, clean energy across key socio-community facilities. The scope of work is extensive, covering the installation of 750 rooftop solar systems at critical public infrastructure, including district police stations, educational institutions, health centres, and special border surveillance units.

In addition to the rooftop systems, Premier Energies will install over 4,400 high-efficiency solar streetlights and 650 solar water heaters. The company will execute these projects in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin.

Financing for this national project has been secured through a Line of Credit from the Export-Import Bank of India (EXIM Bank) and the ECOWAS Bank for Investment and Development (EBID). The Managing Director & CEO of Premier Energies, Chiranjeev Saluja, stated that the contracts are expected to enhance community safety, healthcare services, educational infrastructure, and overall energy sustainability in the Republic of Benin, representing a strong endorsement of their operational and global capabilities.

Premier Energies, a publicly listed company with over 30 years of industry leadership, is leveraging its expertise in innovation and quality to deliver sustainable energy solutions and advance renewable energy infrastructure in the African market.

Since listing, this stock has delivered multibagger returns of more than 125%.

Note: The stock prices mentioned are as of 3:30 pm.

Disclaimer and Disclosure 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Registration granted by SEBI, enlistment as Research Analyst with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Kindly refer to  https://share.market/ for more details.Investments in WealthBaskets are subject to the Terms of Service. All investors are advised to conduct their own independent research into investment strategies before making an investment decision. PPWB acts as a distributor of mutual funds and it is not an exchange traded product. PPWB acts as a distributor of mutual funds and WealthBaskets and it is not an exchange traded product. Disputes with respect to the distribution activity of Mutual Funds and WealthBaskets will not have access to Exchange investor redressal or Arbitration mechanism. The securities are quoted as an example and not as a recommendation. This is for informational purposes and should not be considered as recommendations.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA. CIN: U65990KA2021PTC146954