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Premier Energies Limited has received a one-notch credit rating upgrade for its long-term credit rating to A+/Positive from A/Positive from CRISIL Ratings Limited. The company’s short-term rating stands unchanged at A1.

The rating upgrade reflects Premier Energies’ strengthening business and financial profile, supported by its robust operating performance, disciplined execution and expansion of integrated manufacturing capabilities.

The upgrade follows a strong start to FY27. In Q1 FY27, Premier Energies reported total revenue of ₹25,076 million, up 34.1% YoY; EBITDA of ₹7,594 million, up 27.2% YoY with a margin of 30.3%; and PAT of ₹4,719 million, up 53.3% YoY. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules and 570 MVA of transformers.

The Company also secured orders worth ₹3,011 crore during Q1 FY27, comprising 1,846 MW of solar cells and modules, with deliveries scheduled across FY27 and FY28, providing strong business visibility. The orders came from a mix of leading power producers, module manufacturers, EPC companies and other customers.

Commenting on the rating upgrade, Mr. Nand Kishore Khandelwal, Group CFO, Premier Energies Limited, said: “The credit rating upgrade reflects the continued strengthening of Premier Energies’ business fundamentals and our disciplined approach to growth. As we expand our integrated manufacturing capabilities, our focus remains on technology leadership, operational excellence and prudent financial management. We remain committed to building a globally competitive clean-energy manufacturing platform in India and contributing to the country’s Make in India and energy security objectives.”

Premier Energies recently inaugurated its 5.6 GW Seetharampur module manufacturing facility, one of India’s most advanced module manufacturing plants, equipped with automation capable of producing four modules every 16 seconds. The Company is also making significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, further strengthening its domestic manufacturing capabilities and integrated solar manufacturing footprint.

Premier Energies Limited has received a one-notch credit rating upgrade for its long-term credit rating to A+/Positive from A/Positive from CRISIL Ratings Limited. The company’s short-term rating stands unchanged at A1.

The rating upgrade reflects Premier Energies’ strengthening business and financial profile, supported by its robust operating performance, disciplined execution and expansion of integrated manufacturing capabilities.

The upgrade follows a strong start to FY27. In Q1 FY27, Premier Energies reported total revenue of ₹25,076 million, up 34.1% YoY; EBITDA of ₹7,594 million, up 27.2% YoY with a margin of 30.3%; and PAT of ₹4,719 million, up 53.3% YoY. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules and 570 MVA of transformers.

The Company also secured orders worth ₹3,011 crore during Q1 FY27, comprising 1,846 MW of solar cells and modules, with deliveries scheduled across FY27 and FY28, providing strong business visibility. The orders came from a mix of leading power producers, module manufacturers, EPC companies and other customers.

Commenting on the rating upgrade, Mr. Nand Kishore Khandelwal, Group CFO, Premier Energies Limited, said: “The credit rating upgrade reflects the continued strengthening of Premier Energies’ business fundamentals and our disciplined approach to growth. As we expand our integrated manufacturing capabilities, our focus remains on technology leadership, operational excellence and prudent financial management. We remain committed to building a globally competitive clean-energy manufacturing platform in India and contributing to the country’s Make in India and energy security objectives.”

Premier Energies recently inaugurated its 5.6 GW Seetharampur module manufacturing facility, one of India’s most advanced module manufacturing plants, equipped with automation capable of producing four modules every 16 seconds. The Company is also making significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, further strengthening its domestic manufacturing capabilities and integrated solar manufacturing footprint.

Premier Energies Limited has received a one notch credit rating upgrade for its long-term credit rating to A+/Positive from A/Positive from CRISIL Ratings Limited. The company’s short-term rating stands unchanged at A1.

The rating upgrade reflects Premier Energies’ strengthening business and financial profile, supported by its robust operating performance, disciplined execution and expansion of integrated manufacturing capabilities.

The upgrade follows a strong start to FY27. In Q1 FY27, Premier Energies reported total revenue of ₹25,076 million, up 34.1% YoY; EBITDA of ₹7,594 million, up 27.2% YoY with a margin of 30.3%; and PAT of ₹4,719 million, up 53.3% YoY. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules and 570 MVA of transformers.

The Company also secured orders worth ₹3,011 crore during Q1 FY27, comprising 1,846 MW of solar cells and modules, with deliveries scheduled across FY27 and FY28, providing strong business visibility. The orders came from a mix of leading power producers, module manufacturers, EPC companies and other customers.

Commenting on the rating upgrade, Mr. Nand Kishore Khandelwal, Group CFO, Premier Energies Limited, said: “The credit rating upgrade reflects the continued strengthening of Premier Energies’ business fundamentals and our disciplined approach to growth. As we expand our integrated manufacturing capabilities, our focus remains on technology leadership, operational excellence and prudent financial management. We remain committed to building a globally competitive clean-energy manufacturing platform in India and contributing to the country’s Make in India and energy security objectives.”

Premier Energies recently inaugurated its 5.6 GW Seetharampur module manufacturing facility, one of India’s most advanced module manufacturing plants, equipped with automation capable of producing four modules every 16 seconds. The Company is also making significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, further strengthening its domestic manufacturing capabilities and integrated solar manufacturing footprint.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Adani Energy Solutions Limited, on 14 August, 2026.

M/s Adani Energy Solutions Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Sh. Rajkumar Sonkar, HoD (CS), RECPDCL to Mr. Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of Shri Ratnesh Kumar, GM (Engg.) and other senior officials from RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited.

The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works. The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Adani Energy Solutions Limited, on 14 August, 2026.

M/s Adani Energy Solutions Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Sh. Rajkumar Sonkar, HoD (CS), RECPDCL to Mr. Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of Shri Ratnesh Kumar, GM (Engg.) and other senior officials from RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited.

The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works. The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Adani Energy Solutions Limited, on 14 August, 2026.

M/s Adani Energy Solutions Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Sh. Rajkumar Sonkar, HoD (CS), RECPDCL to Mr. Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of Shri Ratnesh Kumar, GM (Engg.) and other senior officials from RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited.

The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works. The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Adani Energy Solutions Limited, on 14 August, 2026.

M/s Adani Energy Solutions Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Sh. Rajkumar Sonkar, HoD (CS), RECPDCL to Mr. Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of Shri Ratnesh Kumar, GM (Engg.) and other senior officials from RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited.

The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works. The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores.

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Vizag Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Adani Energy Solutions Limited, on 14 August, 2026.

M/s Adani Energy Solutions Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of inter-state transmission project “Transmission System for Proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)” on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Sh. Rajkumar Sonkar, HoD (CS), RECPDCL to Mr. Shashank Sharma, CBDO, Adani Energy Solutions Limited, in the presence of Shri Ratnesh Kumar, GM (Engg.) and other senior officials from RECPDCL, Adani Energy Solutions Limited and Central Transmission Utility of India Limited.

The transmission project broadly envisages establishment of 4×1500 MVA, 765/400 kV Pendurthi GIS substation and 3×1500, 765/400 kV Khammam-II substation, 765 kV D/c Line from Pendurthi to Srikakulam (226 km), Khammam-II to Warangal New (153 km), Khammam-II to Pendurthi (338 km), 400 D/c line Khammam-II to Khammam (existing) (60 km) along with associated works. The project implementation schedule is 30 months at an estimated cost of Rs. 8,386 crores.