Premier Energies Ltd Forms Joint Venture for Aluminium Frames Extrusion in Solar Photovoltaic Modules

Premier Energies Ltd has formed a joint venture company, Premier-Green Aluminium Private Limited, with Nuevosol Energy Private Limited. The joint venture company will undertake the business of extrusion of aluminium frames for solar photovoltaic modules. Premier Energies Ltd holds 80% of the equity share capital, while Nuevosol Energy Private Limited holds the remaining 20%. The joint venture company plans to raise additional capital of approximately Rs. 60 crores in tranches for the implementation of the project, in addition to availing borrowings from banks and financial institutions.