Investment worth Rs 6,000 crore planned by Premier Energies
Hyderabad-based solar cell maker Premier Energies has plans to invest around Rs 6,000 crore over the next three years. The firm is planning to develop ingot and wafer capabilities to become an integrated player in solar manufacturing.
This investment is a part of the firm's Rs 12,500 crore capex plan. The plan covers doubling cell and module capacity to 10.6 gigawatts and 11.1 gigawatts, and foraying into new areas such as inverters, batteries, and transformers.
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