ENA Sectors 2025-03-06 16:09:28 <p><span style="font-size:14px"><strong>Hyderabad, Mar 6 (KNN)</strong> Premier Energies Ltd has announced a strategic shift in its manufacturing operations to enhance efficiency through backward integration.</span></p> <p><span style="font-size:14px">The company will now co-locate its silicon ingot and wafer manufacturing facility with its solar photovoltaic (PV) cell production.</span></p> <p><span style="font-size:14px">As part of this strategy, the company has decided to relocate its planned 4 GW Solar PV TOPCon Cell manufacturing line from its originally proposed site at the Industrial Park, Seetharampur, Ranga Reddy District, Telangana, to a new location in the Industrial Park, Naidupeta Village, Nellore District, Andhra Pradesh.</span></p> <p><span style="font-size:14px">The change aims to streamline production by integrating key supply chain components in a single location, improving operational synergy and cost efficiency.</span></p> <p><span style="font-size:14px">However, the company clarified that the 4 GW Solar PV TOPCon Module line will continue at its previously disclosed location in Telangana, as per the initial Prospectus.</span></p> <p><span style="font-size:14px">In a filing with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), Premier Energies reaffirmed its commitment to expanding its manufacturing capacity while ensuring strategic alignment with market demands.</span></p> <p><span style="font-size:14px">This move underscores the companys focus on self-sufficiency in solar cell production, reducing dependence on external suppliers for critical components.</span></p> <p><span style="font-size:14px">The new facility in Andhra Pradesh is expected to boost India's renewable energy ecosystem by strengthening the domestic solar supply chain.</span></p> <p><span style="font-size:14px">With increasing demand for high-efficiency solar modules, Premier Energies' decision aligns with India's ambitious renewable energy goals, further reinforcing the countrys position as a global solar manufacturing hub.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41295 https://knnindia.co.in/news/newsdetails/sectors/premier-energies-relocates-solar-pv-cell-facility-to-andhra-pradesh 2025-03-06 16:09:28 knnindia.co.in