Premier Energies: Chairman's Address at 31st AGM; FY26 Revenue up 20.7%

The Chairman's address at Premier Energies' 31st AGM highlighted India's energy transition, with non-fossil sources exceeding 50% of installed power capacity by June 2025. Solar capacity reached 150.3 GW by March 2026. Premier Energies reported significant financial growth for FY26: revenue from operations increased 20.7% to ₹7,824 crore, EBITDA rose 35% to ₹2,579 crore, and PAT grew 61% to ₹1,510 crore. The company declared a total dividend of ₹1.00 per share. Strategically, Premier Energies is expanding its backward integration into ingots and wafers with a 10 GW facility at Naidupeta, aiming to be a fully integrated solar module manufacturer. It is also diversifying into a 12 GWh battery energy storage business in partnership with RCT Solutions Germany and strengthening its transformer business, Transcon Ind, to become an integrated clean-energy technology platform. The company also emphasized its ESG commitments, with women comprising over 30% of its workforce and significant CSR spending.